Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
"London-based space tech scale-up Satellite Vu has raised £15m in Series A funding, as it readies plans to launch seven thermal and infrared imaging satellites into orbit.
The satellites will be able to provide real-time data on how green, or energy efficient, every building on the planet is – as the UK seeks to decarbonise its housing sector.
The funding rally, led by London-listed Seraphim Space Investment Trust, saw tech-only venture capital firm Draper Esprit also pile into the fundraiser, alongside Ford Family Trust’s Stellar Solutions."
https://www.cityam.com/londons-satellite-vu-bags-15m-in-series-a-as-it-plots-to-decarbonise-the-housing-sector/
K3 Capital is delighted to announce that we have been named as the UK’s number one financial advisor for the first nine months of 2021 in the Refintiv Global Mid-Market M&A Review.
In order to achieve this position our Group completed 245 qualifying deals, during the first nine months of 2021. This marks a year-on-year increase of 118 deals, which equates to an increase of 93% and almost one deal completing per day.
The report highlights our strong performance during this period, with K3 Capital completing over 20% more deals than our nearest competitor. This impressive display is also reflected in our Group achieving fourth and sixth place within the European and global rankings respectively.
It is rewarding to see our efforts as a group being recognised with the retention of the position we have held since the beginning of 2021. We expect to retain this place as we have currently completed 45 more deals than we achieved during the entirety of 2020, with three months remaining of the year. There is no doubt that this achievement is a reflection of the continued efforts of our Group’s ever-expanding M&A division.
Here's another Draper Esprit holding that has rocketed in value this year - from $800m to $2Bn! Frothy again? Perhaps, but it will make for an interesting NAV update. I see £45.5m of Aiven fair value for GROW in Mar 2021 so back of an envelope calculation, maybe £113m now?
"Finnish open-source-as-a-service provider Aiven has attracted a $60m extension to its Series C funding which now values the firm at $2bn.
The latest cash injection suggests remarkable growth in the nominal value of the Scandinavian startup, founded five years ago, which was worth $800m when it got its first $100m-tranche of Series C funding in March.
Aiven sells open-source data technologies as a managed service. Unlike some DBaaS systems, which punt proprietary or less permissive licences for their as-a-service offers built on open source technologies, Aiven provides a stack of as-a-service systems in their true open source form.
Apache streaming platform Kafka is Aiven's most popular product, but open source relational database PostgreSQL, which released iteration 14 earlier this month, Apache Cassandra, Redis, MySQL, OpenSearch and more are available..."
https://www.theregister.com/2021/10/19/aiven_valuation/
K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to announce that John Rigby, Chief Executive Officer, and Andy Melbourne, Chief Financial Officer, will provide a live presentation relating to the Final results for the year ended 31 May 2021 via the Investor Meet Company platform on 3rd November 2021 at 4:45pm GMT.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet K3 Capital Group plc via:
https://www.investormeetcompany.com/k3-capital-group-plc/register-investor
Draper Esprit don't get a mention in this story but I can see they have been invested in Challenger bank N26 via a seed fund since March 2019 and there was a follow-up investment. There could be more good news here.
Steph, your detective work is strong. Any previous valuations of N26 in the last couple of years?
https://techcrunch.com/2021/10/18/challenger-bank-n26-raises-900-million-at-9-billion-valuation/?guccounter=1
"Plant-based meal delivery service Allplants has secured a third record-breaking funding round to help the business keep up with booming customer demand for vegan products.
The DTC firm claimed the £38m raised was the largest ever series B round for a European plant-based food business.
Publicly listed venture fund Draper Esprit led the round, with backing also coming from consumer-specialised fund The Craftory, VC firm TriplePoint Capital, plus international England footballers Chris Smalling and Kieran Gibbs, musician Zak Abel and Cassandra Stavrou, founder of Proper Snacks.
Existing investors Felix Capital – the venture fund behind Oatly, Deliveroo and Peloton – and Octopus Ventures also participated.
Allplants will use the latest investment to increase its plant-based kitchen in North London to six times its current size. It will also build scalable capacity for rapid distribution into other channels..."
https://www.thegrocer.co.uk/fundraising/allplants-eyes-global-growth-following-record-breaking-funding-round/660880.article
https://www.thetimes.co.uk/article/allplants-beefs-up-firepower-for-vegan-food-deliveries-lvxm5qlrw
"A vegan meal delivery start-up has secured £38 million in funding to capitalise on the growth in “flexitarians” as people reduce their meat consumption for health and environmental reasons.
The funding for the London-based allplants was led by Draper Esprit, the listed venture capital firm that has invested in Revolut, Cazoo and Trustpilot. It is said to be the biggest ever “series B”, or second round of venture investment, raised by a plant-based food company in Europe."
Meeting postponed. It didn't make sense for it to be before the results were released. Should be near 1st Nov now.
"Please be advised that due to unforeseen circumstances K3 CAPITAL GROUP PLC has had to cancel the meeting Preliminary Results Presentation scheduled for 19th Oct 2021 at 4:45pm BST. A further presentation invitation will be issued in due course.
We apologise for any inconvenience caused."
There's a good interview this werk with CEO, John Rigby, that virtually no-one has watched. but these FY results will bring attention to K3C that it hasn't seen before.
https://youtu.be/9Tqcj-q7kro
We have a results release date at last and it's 1st November. As expected, there's an indication that the results are very strong so expect the share price to pick up signifucantly from here.
"Following a review of the Company's accounting policies, the Board now expects the Group's revenue and adjusted EBITDA* for the year ended 31 May 2021 to be ahead of the numbers announced in the trading update on 15 June 2021 which stated revenue of c.£46m and adjusted EBITDA* of not less than £14.25m."
Sky News understands that Ravelin, which counts companies including Deliveroo and Booking.com among its clients, is working with Evercore on a potential transaction.
Tech industry sources said a sale was among the options being explored by Ravelin.
Set up in 2014, Ravelin uses machine learning to help its users detect fraud when processing online payments.
https://news.sky.com/story/fraud-detection-technology-firm-ravelin-hires-bankers-to-explore-sale-12431273
We should receive an RNS soon to confirm the FY results release as there's an Investor Meet presentation next week.
Investor Meet Preliminary Results Presentation: 19th Oct 2021 at 4:45pm BST.
Thanks Steph, I hope there have been some sales this week.
This latest investment doesn't seem to be that high-tech a concept to buy into but appears to be a fast-growing market.
Draper Esprit is delighted to lead the $50 million Series A round investment in construction tech startup, Schüttflix. Also joining the round is the founding team surrounding co-funding investor Thomas Hagedorn and CEO Christian Hülsewig, as well as HV Capital, Speedinvest and STRABAG.
Schüttflix is the first logistics hub for the construction bulk-materials industry that works digitally and supplies sand, gravel and grit on the spot. The Schüttflix app connects suppliers and carriers directly with customers from the road construction, civil engineering, gardening and landscaping sectors. For the first time, Schüttflix is transforming the regionally fragmented and non-transparent market for all customary construction bulk materials into an efficient, Germany-wide market.
The company plans to use the new capital to drive its planned expansion into the Austrian, Polish and Czech markets in 2022. Schüttflix also plans to use the funding to continue developing digital products and services for all aspects of construction-site supply and waste disposal in the coming months, and is relying on strong strategic partnerships, such as with STRABAG to achieve this.
https://draperesprit.com/news/draper-esprit-leads-50m-series-a-in-construction-tech-startup-schuttflix