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OxTox secures £600,000

OxTox, an Oxford-based cannabis testing company, has received £600,000 in its first investment round. The proceeds will fund the production of handheld drug-testing kits for the police when testing drivers.

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ProVen VCT re-opens

Beringea, the manager of the ProVen and ProVen Growth & Income VCTs, has re-opened ProVen VCT with the launch of a £15 million 'C' share offer.

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Barclays Ventures backs £30 million MBI

Barclays Ventures has backed a simultaneous £30 million management buy in (MBI) of washroom specialists Amwell Systems and Twyford Bushboard.

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Technology company powers up

Oxford Capital Partners has helped to raise £1.7 million for Concurrent Thinking, a University of Warwick spin-out company based in the Warwick Technology Park in Leamington Spa.

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Virgin Active completes acquisition

Virgin Active, the health and fitness group owned by Virgin Group, has completed its acquisition of Holmes Place’s UK business.

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VCTs for live entertainment

Ingenious, a media investment and advisory business, has launched two live entertainment Venture Capital Trusts (VCTs), Ingenious Live VCT 1 and 2, which are jointly targeted to raise up to £50 million to be invested in companies producing and promoting new and established live events.

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Capital pot for aspiring tech companies

E-Synergy, an investment company, has completed a funding arrangement for its £30 million Sustainable Technology Fund just six months after being awarded the management contract by the Department for Trade and Industry.

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Lonrho plans airline float

David Lenigas, entrepreneurial boss of Lonrho Africa, says the emerging conglomerate plans an AIM float in the New Year for Norse Air, the African air charter and leasing company where Lonrho has bought a 43 per cent controlling stake for £3.15 million.

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Capital pot for aspiring tech companies

E-Synergy, an investment company, has completed a funding arrangement for its £30 million Sustainable Technology Fund just six months after being awarded the management contract by the Department for Trade and Industry.

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Lonrho plans airline float

David Lenigas, entrepreneurial boss of Lonrho Africa, says the emerging conglomerate plans an AIM float in the New Year for Norse Air, the African air charter and leasing company where Lonrho has bought a 43 per cent controlling stake for £3.15 million.

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Bad debt costs UK businesses billions

The time spent chasing late payment and the effect of dealing with bad debt is costing UK small- and medium sized-businesses an estimated 286 million man hours and nearly £3.6 billion per year, new research has found.

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Step into the dragons’ lair

The BBC is offering entrepreneurs across the country an opportunity to make that special business idea come true or for national, televised humiliation as the broadcaster seeks applicants for the fourth series of the show, Dragons' Den.

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Chameleon BioSurfaces secures funding

Chameleon BioSurfaces, which develops biotechnology for medical device companies, has raised up to £475,000 from an investment syndicate led by London Seed Capital.

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Giraffe receives 3i funding boost

Restaurant chain Giraffe has received a £10 million investment from private equity firm 3i which will be used to develop the Giraffe brand nationally in the next three years.

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