22 Bishopsgate appoints NewFlex to run incubator and innovation space

22 Bishopsgate appoints NewFlex to run incubator and innovation space

To be known as The Exchange (branded as XCHG) and specifically targeting start-ups, scale-ups and SMEs, the c.14,000 sq ft flexible office and co-working space on Level 7 will be NewFlex’s most significant space as-a-service project to date, aiming to create a bespoke environment that fosters innovation.   As part of an agreement between 22 … Continued

Newable ranks low on ESG Risk Rating

Sustainalytics are an independent rating organisation, who provide high-quality, analytical ESG research, ratings and data to institutional investors and companies. Categorised across five risk levels, Sustainalytics ESG Risk Ratings are: Why is this important? Following on from the release of Newable’s environmental, social and governance (ESG) strategy last year, Newable has been working to achieve … Continued

Newable Ventures Investee Company Cognism Raises $87.5m Round

London-based B2B-focused sales and marketing lead generation platform provider Cognism has raised $87.5m (£64m) in funding. The Series C round was led by new investor Viking Global Investors while other participants included fellow new investor Blue Cloud Ventures and follow-on investors AXA Venture Partners, Swisscom Ventures and Volution. Cognism, founded in 2015, provides tools to … Continued

Newable Ventures Scale-Up Fund 3 completes Thingtrax Investment

The Newable Ventures’s Fund has successfully led a £1.3m investment in Thingtrax. Newable participated alongside Superseed Ventures and angel investors. Thingtrax is an AI and IoT smart factory solution founded in 2015 to help manufacturers transform the way their labour, processes and machinery connect. The company uses custom hardware sensors and proprietary software over a … Continued

Newable becomes first non-bank lender to be accredited under UK Export Finance’s General Export Facility programme

This makes Newable the first non-bank lender to join the initiative which includes five existing lenders; HSBC, Santander, Barclays, Lloyds and NatWest. The export finance scheme was launched in December 2020 and was first available in March 2021, designed to provide exporting SMEs access to working capital to support through their COVID-19 recovery journey. Announced … Continued

Bold to unveil vibrant Manchester “Space-as-a-Service” community

Totalling 13,731 sq ft, the beautifully designed new space will provide entrepreneurs, creatives and SMEs the environment they need to flourish with flexible memberships, private spaces, communal areas and events that foster collaboration. There will also be a café serving Bold’s proprietary coffee and tea blends, as well as access to capital, advice and mentoring. … Continued

Newable Ventures – The Month That Was

Portfolio News Sphere Fluidics raised a £30m Series A round Congratulations to Newable Ventures investee company Sphere Fluidics on their £30m fundraise. The round was led by Sofinnova Partners (Paris, France) and Redmile Group (San Francisco, USA) and will enable Sphere Fluidics to expand the Company’s international sales activities in key markets and improve its … Continued

Newable Ventures Investee Company, Sphere Fluidics Raises £30m Series A Round From International Investors

Sphere Fluidics, who have developed and commercialised a single cell analysis system underpinned by its proprietary picodroplet technology, has announced that it has closed a $40m (£30m) investment round. The round was led by Sofinnova Partners and Redmile Group. Sphere Fluidics will use the funding to enable the expansion of the Company’s international sales activities … Continued

The Internationalisation Fund

What is the Internationalisation Fund? Launched in December 2020, the Internationalisation Fund provides match-funded grants between £1,000 and £9,000 to use for future business activities (subject to eligibility and availability) aimed at helping SMEs grow in new international markets. To secure a grant, businesses will need to fund a proportion of the costs themselves. These … Continued

The Month That Was August 2021 – Newable Ventures Portfolio News

Echion Technologies Echion Technologies, the Sawston-based developer of next-generation materials for lithium-ion batteries, has raised £10m in a Series A funding round. The round has been led by CBMM – the world’s leading supplier of niobium products – and BGF, the UK and Ireland’s most active investor of equity capital in growth companies. The University … Continued