Venture

Over 1,000 complaints to FSO were pandemic related

Ger Deering said his office had dealt with 760 of the 1,051 complaints, including 113relating to business interruption insurance By Brian Finn Business Journalist The Financial Services Ombudsman said his office had to date received 1,051 complaints arising from the circumstances surrounding the Covid-19 pandemic. 180 of them related to business interruption insurance. Ger Deering said the Office of the ...

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Irish firms see highest level of VC investment in Q2

Three companies received over $100 million in funding each Irish companies secured the highest level of venture capital investment on record in the second quarter of this year, according to the latest Venture Pulse report by KPMG. Just over $641 million was invested in 33 deals involving Irish companies during the three-month period. This is up from 24 deals in ...

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IMF keeps its forecast of 6% global growth this year

The IMF said vaccine access was the ‘principal fault line along which the global recovery splits into two blocs’ The global economy will expand by 6% this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF has said. While the forecast for global growth is unchanged from the previous estimate in ...

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Capchase Doubles Down, Raises Fresh $280M To Provide Startups With Alternative To VC Funding

New York-based Capchase, a nondilutive capital provider, closed a new $280 million round of debt and equity — less than seven weeks after announcing a $125 million round. The round was led by specialty finance firm i80 Group — which also led a $60 million debt round in Capchase in January. Other investors in the round were not announced, but ...

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Ryanair ups traffic forecast as summer bookings surge

Ryanair said it was experiencing a “strong rebound of pent up travel demand into August and September” Ryanair has today raised its forecast for full-year traffic on strong summer bookings, with group chief executive Michael O’Leary saying the post-pandemic recovery offers the best growth opportunities of his three-decade career. Shares in the budget airline, Europe’s largest, rose 3.8% in Dublin ...

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Clearco Raises $215M From SoftBank To Provide Startups With Alternatives To VC Funding

Toronto-based Clearco — formerly Clearbanc — raised a new $215 million growth equity round led by SoftBank Vision Fund 2 as the company eyes further international expansion. Founded in 2015, the company has now raised more than $681 million, according to Crunchbase data. Just this April, the company raised $100 million in equity and $250 million in debt that valued ...

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As Venture Capital Grows in Europe, So Could Founders’ Appetites For Different Financing Tools

In the first quarter this year, European startups received more than $21.4 billion in funding — twice the amount invested in the same quarter last year. While that number points to a thriving venture equity ecosystem, there also are signs of founders across the pond being more open to alternative methods to finance their startups. “For a long time, especially ...

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Permanent TSB in potential deal for Ulster Bank loans

PTSB said it has entered into a non-binding Memorandum of Understanding with Ulster Bank Shares in Permanent TSB soared over 16% today after it announced a potential deal worth about €7.6 billion to buy some elements of Ulster Bank’s business here. The lender said it has entered into a non-binding Memorandum of Understanding with Ulster Bank owner NatWest regarding a ...

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