The juice bar chain secured a second investment by the UK bank-backed Business Growth Fund as it prepares to open another 20 branches.

The venture firm, spun out of media company Georg von Holtzbrinck in 2010, raised the oversubscribed fund in less than four months.

US startup community secures $48.3bn in venture capital over 2014.

Parcel delivery service DPD has partnered with L Marks for an accelerator programme through which startups can secure up to $170,000 in funding.

The low-cost gym chain has secured a mixture of equity provided by financial services-backed fund BGF, debt financing, asset financing and leasing facilities.