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  • 📈 Revving Fuels Adtech Growth with £107M Boost

📈 Revving Fuels Adtech Growth with £107M Boost

Latent Labs Raises $50m to Slash Drug Costs with AI

February 13, 2025

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This is Cliff Equity, the UK’s business newsletter that keeps you informed on what’s important in tech, business and finance in less than 5 minutes

In today’s stories:

  • Revving Fuels Adtech Growth with £107M Boost

  • Latent Labs Raises $50m to Slash Drug Costs with AI

  • UK Economy: A Tiny Growth Triumph!

The summary: Revving’s game-changing funding solution is giving UK digital businesses the cashflow freedom to grow, innovate, and compete globally—no more waiting months to get paid while the big players call the shots.

The details:

  • Revving, the fintech aiming to fix adtech’s cashflow woes, just bagged a hefty £107 million investment—because waiting 120 days for payment isn’t exactly a growth strategy.

  • With digital businesses stuck between sluggish-paying clients and quick-billing giants like Google and Meta, Revving’s tech-driven funding solution unlocks cash instantly—no more David vs. Goliath struggles.

  • The £1.8 billion in funding Revving plans to dish out could turbocharge the UK economy by £8.6 billion, proving that fast cashflow fuels innovation, not just survival.

  • With its sights set beyond the UK, Revving’s borderless, data-driven model could soon be shaking up adtech finance worldwide—because cashflow headaches aren’t just a British problem.

Why it matters: Late payments are choking the life out of digital businesses, forcing them to bankroll campaigns for deep-pocketed clients while waiting months to get paid—hardly a fair fight. Revving’s tech-first solution cuts through the nonsense, giving companies instant access to their own money so they can actually grow rather than just survive. With billions set to ripple through the economy, this could be the difference between the UK leading the adtech charge or watching from the sidelines as others sprint ahead.

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The summary: Latent Labs is bringing AI-powered protein design to biotech, promising faster, smarter, and more precise drug discovery—turning biology from a guessing game into an engineering masterpiece.

The details:

  • AI meets biology, and it’s getting personal – Latent Labs, led by ex-DeepMind scientist Simon Kohl, has emerged from stealth with $50M to design synthetic proteins, making biology as programmable as your laptop.

  • Big money, big names – Heavy-hitting investors like Radical Ventures and Sofinnova Partners are backing this biotech disruptor, alongside AI royalty including Google’s Jeff Dean and Transformer co-inventor Aidan Gomez.

  • Revolutionising drug discovery – By using generative AI, Latent Labs aims to cut pharma R&D costs and speed up drug development, giving scientists the power to design therapeutic molecules with precision.

  • Taking on the biotech giants – Unlike rivals offering pricey enterprise deals, Latent Labs’ flexible partnership model makes AI-driven protein design accessible, setting it apart in the race to transform medicine.

Why it matters: Pharmaceutical companies burn through billions and still take a decade to develop new drugs—Latent Labs is here to speed things up with AI-designed proteins that could make treatments faster, cheaper, and more effective. With backing from top investors and AI wizards, they’re turning biology into something you can engineer rather than just observe, which is a bit like upgrading from chiselling statues to 3D printing them. If they pull it off, biotech’s future won’t be about trial and error but precision-crafted cures, and that’s a game-changer for medicine (and, frankly, for anyone who’d rather not wait a decade for the next breakthrough).

The summary: The UK economy might be growing at a snail’s pace, but a few unexpected wins in pubs and housing have kept things from grinding to a halt, despite looming tax hikes and higher costs.

The details:

  • Against all odds (and economists’ gloomy forecasts), the UK economy eked out a 0.1% growth in Q4, powered by bustling pubs, machinery makers, and a surprisingly perky December.

  • But before we pop the champagne, living standards still dipped compared to 2023, and with tax hikes looming in April, businesses warn that rising costs could put the brakes on growth.

  • The Bank of England has slashed its growth forecast, blaming higher employer costs, weak investment, and Trump’s tariff tantrums for an economy that’s "all-but stagnating."

  • While the government clings to the "good news" of December’s 0.4% growth, business owners remain sceptical, calling tax rises an "indirect punch" to the economy—one that still lacks a real comeback plan.

Why it matters: In short, the UK economy is shuffling forward at a snail's pace, with pub profits and new housing projects offering a flicker of hope, while rising costs threaten to squash any progress. The Bank of England’s gloom-and-doom forecast paints a picture of stagnation, and businesses are already bracing for a tax-induced headache. So, while the government’s clapping themselves on the back for a small uptick, the reality is more like a party with a deflated balloon—it's still got some air, but not much punch.