Mid-Week Tech News Roundup – October 7th to October 11th 2024

DSW Ventures Invests in Manchester-Based Mobile Commerce Innovator

DSW Ventures, the venture capital arm of DSW Capital, has led a pre-seed investment in TheNextLevel, a Manchester-based company revolutionising mobile commerce through community engagement. The investment is part of DSW Ventures' first SEIS Fund, which has now supported four promising startups.

Founded and created by founders Paul Rawlings and Ionut Vasiliu, TheNextLevel's innovative approach to Community Commerce allows online brands to leverage the power of social commerce without relying on Big Tech platforms. By creating vibrant communities around their mobile storefronts, brands can build stronger connections with their customers, enhance loyalty, and drive sustainable growth.

TheNextLevel's platform has already attracted high-profile partners, including Formula 1 driver Oscar Piastri. The company is rapidly expanding its network of partners and is committed to providing brands with the tools and resources they need to succeed in today's competitive market.

DSW Ventures' investment will support TheNextLevel's product development and expansion. The company plans to further develop its partner portal, which allows e-commerce agencies to generate revenue by onboarding brands onto the platform.

TheNextLevel's founders, Paul Rawlings and Ionut Vasiliu, have a strong track record of innovation and are excited to bring their vision to life. With the support of DSW Ventures and its network of investors, TheNextLevel is well-positioned to become a leading player in the mobile commerce space. it will be interesting to see how the team continues to develop in the coming years.

S&P Global Market Intelligence Commits to Manchester Expansion

S&P Global Market Intelligence has announced plans to expand its operations in Manchester, United Kingdom. The company will be opening a new office in the St Michael's development, leveraging the city's growing pool of skilled professionals.

The decision to expand in Manchester is a strategic move for S&P Global Market Intelligence, which already has a presence in over 70 offices across 35 countries. The company's new office will focus on providing data, analytics, and solutions to the global capital markets.

The expansion is expected to create new jobs in Manchester, further cementing the city's position as a leading financial and business services hub. Mayor of Greater Manchester, Andy Burnham, welcomed the investment, highlighting the city's growing reputation as a global centre for skills and talent.

John Barneson, Global Head of Enterprise Solutions at S&P Global Market Intelligence, emphasised the strategic location of Manchester and the city's expertise in the financial services industry. He stated that the new office will enable the company to better serve its clients and strengthen its position as a leading provider of data, analytics, and solutions to the global capital markets.

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