All posts tagged: 41M

Surrey housebuilder Crest Nicholson tempers profit expectations at £41m for FY23

Surrey housebuilder Crest Nicholson tempers profit expectations at £41m for FY23

Surrey-based Crest Nicholson has once again lowered its expectations for the year ending 31 October 2023, with adjusted profit before tax now forecast at £41m – down from £74m in June. This latest update represents the housebuilder’s third profit warning in just a few months, as interest rates soar – putting off would-be buyers – and costs follow suit. It comes following a ‘comprehensive review’ of the Brightwells Yard development in Farnham, which recorded an incremental cost movement of approximately £11m in the second half of FY23, as well as an exceptional charge of £13m stemming from a legal claim. Visit Hampshire Biz News for bright, upbeat and positive business news from the county Anthony Codling, head of European housing and building materials for RBC Capital Markets, commented: “It’s been a tough year for Crest and, unfortunately for the group and its investors, the bad news continues. “In our view, if today’s trading update leads to further share price weakness, it increases the chances that Crest may be viewed as an attractive acquisition for another housebuilder.” There …

Grip Security raises M to help enterprises manage their SaaS identity risk

Grip Security raises $41M to help enterprises manage their SaaS identity risk

Grip Security, which provides businesses with the tools to protect their SaaS applications and describes itself as the “industry’s first SaaS security control plane,” today announced that it has raised a $41 million Series B funding round led by Third Point Ventures. Previous investors YL Ventures, Intel Capital and The Syndicate Group also participated in this round, which brings Grip’s total funding to $66 million. Since launching in 2021, the company has sharpened its messaging a bit to focus a bit more on its capabilities to reduce SaaS identity risk, something that’s top of mind for a lot of enterprises. The number of SaaS tools and cloud accounts in use at most businesses continues to increase, after all, and not all of these are under the auspice of IT and security departments. Grip argues that its tool allows these teams to get a precise overview of which tools employees are actually using — and displays that and then allows them to safely manage user access to them. “The two biggest challenges today for almost every …

One Model lands M to bring data science-powered insights to HR

One Model lands $41M to bring data science-powered insights to HR

One Model, a platform that uses AI to help employers make decisions about recruiting, hiring, promotions, layoffs and general workplace planning, today announced that it’s raised $41 million in a funding round led by Riverwood Capital. Christopher Butler, CEO of One Model, said that the capital will be used to “boost several of the company’s growth initiatives,” particularly in the areas of technology, product development, customer success and go-to-market. “One Model’s people analytics product roadmap will be expanded to solve problems for a diverse array of data science, analyst, people manager and C-level audiences, delivering tailored content proactively through alerts, notifications and individualized reporting,” Butler told TechCrunch via email. “Further investment in One AI will provide more analysts and decision-makers with actionable forecasts, all from a powerful ethical and data governance posture.” One Model is what’s known as a “people analytics” platform — a platform designed to collect and apply organizational and talent data to improve business outcomes, at least in theory. There’s long been high interest in people analytics; according to a 2018 Deloitte …

Pitch Deck Teardown: StudentFinance’s M Series A deck

Pitch Deck Teardown: StudentFinance’s $41M Series A deck

There’s no shortage of “upskilling” startups out there, but it’s rare to see one raise a $41 million round. That’s what Spanish startup StudentFinance pulled off a couple of weeks ago. Today, we are taking a closer look at the pitch deck the company used to make that happen. We’re looking for more unique pitch decks to tear down, so if you want to submit your own, here’s how you can do that.  Slides in this deck StudentFinance shared a slightly redacted slide deck; it removed sensitive revenue, cost and unit economics slides. Everything else is as pitched. Cover slide Mission slide Opportunity slide Problem slide Solution slide Value proposition slide part 1 Value proposition slide part 2 Business model slide Technology slide  Metrics slide  Road map slide (labeled “expansion” slide)  Geographic expansion slide (labeled “expansion” slide)  Growth history and trajectory slice (labeled “expansion” slide)  Team slide  Contact slide Three things to love To raise a $41 million round, a company needs solid traction and a huge market. I’m unsurprised to see that those parts …

StudentFinance nabs M to help Europeans upskill for in-demand jobs

StudentFinance nabs $41M to help Europeans upskill for in-demand jobs

StudentFinance, a European fintech that funds educational programs for individuals through so-called income share agreements, has raised €39 million ($41 million) in a Series A round of funding. Founded out of Spain in 2019, StudentFinance partners with educational institutions such as Ironhack and Le Wagon to help finance those looking to upskill into disciplines like software development, cybersecurity, and artificial intelligence, serving as an alternative to traditional bank or student loans. The company says that it has developed AI models to discover the most in-demand skills across sectors and map this to the most suitable education providers catering to that gap. “We monitor and track publicly available job listing data, showing trends and fluctuations in labour demand,” StudentFinance co-founder and CEO Mariano Kostelec explained to TechCrunch. “We also use data from analyzing systemic and market changes such as government incentives for companies to become ‘greener.’ This gives us data on future growth — or declining — sectors.” On top of that, Kostelec also said that they track salary data, which can indicate demand for specific skills. …