All posts tagged: 96M

Crew arrested after yacht in Atlantic intercepted with £96m worth of cocaine | Drugs trade

Crew arrested after yacht in Atlantic intercepted with £96m worth of cocaine | Drugs trade

Published by skeptic

Three people including a Scottish skipper have been arrested after cocaine worth £96m was seized from a vessel at sea. The trio were arrested as part of an international operation against drug trafficking led by the National Crime Agency (NCA). The NCA worked with other agencies in France and Spain to target an alleged drug trafficking group who were suspected of shipping the class A substance to Europe. The operation led to the interception of a Spanish-registered yacht 1,200 miles east of Martinique, an island that is part of the French West Indies. The boat was intercepted by a French navy frigate on 18 December. Officers then recovered about 40 bales of cocaine, which weighed roughly 1.2 tonnes. The NCA said the estimated street value was about £96m if it were to be mixed with other substances before being sold. All three crew members were arrested and taken to Martinique to face charges. One of the three is a 29-year-old man from Stornoway, on the Isle of Lewis. The operation later led to the arrest …

Scottish skipper among three Britons arrested after £96m of cocaine seized on boat | UK News

Scottish skipper among three Britons arrested after £96m of cocaine seized on boat | UK News

Published by Sam

Three Britons, including a skipper from Stornoway, have been arrested after the French navy intercepted a boat where they seized 1.2 tonnes of cocaine worth £96m. The 29-year-old from Scotland was allegedly at the helm of a Spanish-registered yacht that was raided on Monday, around 1,200 miles east of Martinique in the Atlantic Ocean. The three alleged crew members were arrested and taken to the island to face criminal charges. Image: The NCA said officers recovered around 40 bales of cocaine from the vessel. Pic: National Crime Agency/Forces armées aux Antilles The National Crime Agency (NCA) said its officers worked alongside agents in France and Spain as part of an operation targeting a crime group suspected of shipping cocaine to Europe. The NCA said officers recovered around 40 bales of cocaine from the vessel, with an estimated UK street value of £96m. Spanish authorities in Marbella and Valencia have also arrested five other people suspected of involvement in the shipment. The suspects included a 62-year-old British man, originally from Lincolnshire but now a resident in …

Carl Pei’s Nothing raises something – M – ahead of the launch of its Phone (2)

Carl Pei’s Nothing raises something – $96M – ahead of the launch of its Phone (2)

Published by skeptic

Smartphone sales are in decline as handset makers grapple with saturated markets and a tough consumer economic climate. But some are betting on a future where new approaches in design and tech will still find resonance with users. Nothing, the London startup behind the “Phone” smartphone, has closed an investment of $96 million — funding that it will be using to continue scaling its business and lineup of devices, starting with its next smartphone. The Phone (2) — in keeping with its naming scheme — is due to launch in the coming weeks. Highland Europe is leading the round, with previous backers GV (Google Ventures), EQT Ventures and C Capital also participating. Swedish House Mafia is also getting a strategic stake, one that’s already being put to work. Nothing is teasing features for the new Phone (2) and yesterday it announced that it will have customizable “visual” ringtones, with one of the sound packs for the feature composed by the electronic/house music supergroup. This investment brings the total raised by the company to $250 million …

Smart circuit panel startup Span raised M Series B2

Smart circuit panel startup Span raised $96M Series B2

Published by skeptic

Picture this: Fast-growing startup raises a high eight-figure round. Then, a year later, it decides to raise another. Investors line up, and this time they pledge more money while giving the company a healthy valuation bump. What’s wrong with this picture? It’s 2023, a year in which plenty of investors have rolled up the welcome mat, and the company in question isn’t a fintech or a web3 or even a SaaS startup. But bucking the trend is Span, a hardware-focused climate tech company that’s trying to replace the home electrical panel, a device most people only think about when the hair dryer causes the lights to go out. Just a little over a year ago, Span announced that it had closed a $90 million Series B that valued the company at $410 million pre-money. Today, the startup is announcing a $96 million Series B2 that values it at $600 million. (Why B2 and not an extension? Because the company was able to raise its valuation following the initial Series B.) The round was led by …