Insights

Corporate News Roundup – March 2022

Posted Monday 14th March 2022

 

Ukraine: Tech to the rescue

If you’re desperate to help the people of Ukraine, there are a number of options available from donating to petitioning. One way start-ups can help is via ‘Tech to the Rescue’. Help non-profit organisations with their tech requirements to continue to support those who need it in Ukraine.

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How well is the Enterprise Investment Scheme (EIS) working?

The government-backed scheme that provides tax relief for private investors has been running since 2016. It is a useful tool for early stage companies seeking investment but how regularly is it used? Beahurst analyse its impact.

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SoftBank Increases Stake in U.K. Retailer Gousto

Softbank has increased its investment in Gousto, the UK meal-kit brand. The investor already had a stake in the business following a funding round in January before a secondary placement has seen them increase their investment and replace other investors.

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Keep supporting Ukrainian founders

Ukraine has seen some hugely successful start-ups in the recent past and its tech scene has been particularly strong. With current events making life for everybody in the country difficult, it is important that founders and start-ups aren’t left behind. How can they be supported?

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Cazoo collects $630m 

Second-hand car sales have been increasing following the pandemic and online car retailer Cazoo were able to capitalise. Following record revenues in 2021, the company has raised $630m in a funding round led by Viking Global Investors. The investment will allow Cazoo to expand its operation throughout the UK and EU.

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Joelson advises shareholders of Rock Up on sale

We have advised the Founders of Rock Up Limited (Rock Up), the UK’s leading fun climbing operator, on its sale to Hapik, the leading operator of fun climbing parks in France, with an international presence.

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This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.


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