ElevenLabs has completed a $300m (about £224m) secondary share sale at a $22bn valuation, double the $11bn price set in its $500m Series D in February. Wellington and T. Rowe Price co-led the tender, which brought six new institutions onto the cap table.
Lime Technologies, the UK subsidiary of the Uber-backed micromobility group, lifted pre-tax profit to £4.7m from £1.7m in 2025 as sales rose by a third to £148m and average monthly riders grew 31% to almost 700,000.
London-headquartered AI infrastructure group Nscale has raised $3.36bn (about £2.5bn) in convertible notes led by hedge fund Third Point, with $2.36bn funded at closing and a further $1bn from Nvidia due in mid-November. The notes convert into equity when the company lists on the New York Stock Exchange.
Nscale has filed publicly for a US initial public offering targeting a valuation of up to $35bn, against the roughly $14.6bn the London AI infrastructure group was worth in a March private round. The company posted a net loss of $1bn on revenues of $141m in the first half.
London-based Fresha has appointed country leads in Germany and Mexico and opened a Berlin office, three months after taking an $80m primary investment from KKR-managed funds at a valuation above $1bn. The company has raised $285m in total.
British AI chip designer Fractile is in talks to raise around $600m at a $6.5bn valuation, according to reports, three months after closing a $220m round. Lightspeed Venture Partners, Redpoint Ventures, Thrive Capital and Founders Fund are named among the prospective co-leads.
Revolut chief executive Nik Storonsky is in talks over a new incentive package that would hand him a fresh block of stock if the fintech reaches a valuation of around $500bn (€433bn), a milestone that sits far above the $115bn implied by its current secondary round.
