Corporate News Roundup – May 2021

Posted Friday 28th May 2021

The complete list of female VC partners

Who are the female VC partners shaking things up in Europe? Despite a lacking parity of male and female partners, Sifted have detailed a comprehensive list of the 240 female partners achieving great things in the industry, including the profiles of 15 female VC founders.

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Slerp raises $10m in Seed and Series A rounds

UK-based e-commerce platform Slerp has raised $10m after closing both Seed and Series A funding rounds in a short period of time. The platform is enabling premium restaurants to sell products directly from their website, a key tool for many during the pandemic. Will the opening up of restaurants be an issue for Slerp?

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Adidas auctions off Reebok

Adidas has opened an auction for Reebok following the brand’s disappointing performance. Initially acquired in 2006 for $3.8bn, the Reebok brand only returned to profitability in 2018 and Adidas are throwing in the towel. What’s next for Reebok?

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Vinted’s latest fundraising values the company at €3.5bn

Online marketplace Vinted has raised €250m which sees it reach a valuation of €3.5bn. The company became Lithuania’s first unicorn in 2019 when a Series E funding round raised €128m. Currently the company claims to have 45m members globally.

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VC fundraising alternatives available to start-ups

As start-ups begin looking for investment, it is often the venture capital funds that take an interest and provide the necessary cash for the business to grow. However, there are a number of alternatives to fundraising with VCs so what are they?

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Britvic buys Plenish to boost plant-based portfolio

Joeslon has advised Plenish on its sale to Britvic, a move which will allow the company to grow its plant-based offering to meet consumer demands. Plenish will be able to continue its rapid growth under Britvic as Kara Rosen, Plenish Founder, will remain with the company.

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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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