Vela Technologies #VELA investee company Northcoders #CODE interim results September 20, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Northcoders (AIM:CODE), an independent provider of training programmes for software coding, is pleased to announce its results for the six months ended 30 June 2022 (‘H1 2022’ or the ‘Period’). Financial Highlights · Revenue more than doubled to £2.37 million in H1 2022 (H1 2021: £1.09 million), an increase of 117% o Particularly strong demand for bootcamp training, delivering revenues in H1 2022 of £1.72 million (H1 2021: £0.93 million) as Northcoders continues to build…

#VELA Vela Technologies – Update re. #SGSC St George Street Capital COVID-19 trial August 18, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes that St George Street Capital Ltd (“SGSC”), has today announced the publication in Lancet eClinicalMedicine of details of the ARCADIA clinical trial which investigated AZD1656 for people with diabetes and COVID-19. Vela holds an economic interest in the commercialisation of AZD1656, details of which were included in the announcement published by Vela on 20 October…

Cornerstone FS PLC TR-1: Notification of major holdings August 9, 2022 – Posted in: Vela Technologies Plc (VELA)

TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BNG7CD28 Issuer Name CORNERSTONE FS PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name nicholas slater City of registered office (if applicable) mill hill Country of registered office (if applicable) United Kingdom 4. Details of the shareholder Full name of shareholder(s) if different from…

Vela Technologies #VELA – Investee company Northcoders #CODE Government contract win – Posted in: Blog, Vela Technologies Plc (VELA)

Northcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that the Group has been successful in securing further funding from the Department for Education Skills Bootcamps Wave 3 bid. This new round of funding provides Northcoders with £4 million worth of scholarships to train individuals on their market-leading bootcamp. The new contract provides the Company with revenue visibility into FY23, which is expected to be another year of significant…

Vela Technologies #VELA – Investee company Ensilica #ENSI FY2022 results expected to be ahead of market expectations August 3, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chipmaker of mixed signal ASICs (Application Specific Integrated Circuits), provides the following update on trading for the year ended 31 May 2022 (‘FY 2022’). The Company has traded strongly across FY 2022, underpinned by contract momentum, which has steadily gathered pace during the financial year and accelerated in FY 2022 Q4. Therefore, the Company is pleased to report that both revenue and adjusted EBITDA are expected to be ahead of…

Vela Technologies #VELA – Update re. investment in EnSilica July 29, 2022 – Posted in: Vela Technologies Plc (VELA)

Vela Technologies #VELA – Update re. investment in EnSilica The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes the announcement made today by EnSilica PLC (“EnSilica”) regarding EnSilica’s intention to seek admission of its shares to trading on AIM. As announced on 17 January 2022, Vela invested £750,000 in EnSilica in the form of convertible loan notes (“the Loan Notes”) as part of a pre-IPO funding…

Vela Technologies #VELA – Investee company Skillcast #SKL Trading Update & Notice of Interim Results July 27, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Skillcast Group plc (AIM: SKL), the provider of content and technology for digital compliance transformation, is pleased to announce a positive trading update for the six months ended 30 June 2022. The Group expects to report revenues of £4.5 million for H1 2022, a 20% increase on the comparative period last year (H1 2021: £3.7 million). The growth was driven by a strong performance in recurring subscription revenues, which increased 32% on the same period…

Vela Technologies #VELA – Investee company Northcoders #CODE Trading Update July 19, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Northcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to provide the following trading update for the six months to 30 June 2022 (‘the Period’). At 30 June 2022 revenue visibility for the financial year to December 2022 was already at 83% of market expectations Continued growth in demand with 3,494 applications in the six-month period compared to 3,662 applications in the full year to December 2021 Strong reputation of Northcoders…

Vela Technologies #VELA – Investee Company Mode Global Holdings #MODE Completes Fundraising July 13, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

Further to the announcement of its 2021 Annual Results on 28 June 2022, Mode Global Holdings PLC (“Mode”), the LSE-listed fintech group is pleased to announce completion of its recent fundraising by way of the issue of convertible loan notes (“Loan Notes”) to existing and new investors for aggregate gross proceeds of £1,900,000. Subsequent to publication of the 2021 Annual Results, certain directors of Mode also agreed to subscribe for Loan Notes for an aggregate…

Vela Technologies #VELA – Update on investment – Community Social Investment July 6, 2022 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM: VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, notes the announcement released today by IamFire plc, an AQSE quoted company, that it has acquired from Community Social Investment Limited (“CSI”) (formerly WeShop Limited) an option to subscribe for convertible loan notes of WeShop Holdings Limited (“WSH”) (formerly Boanerges Limited). In October 2021 WSH issued 33,333,333 new shares to CSI as consideration for the assets, business…