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15th November 2019

SharpCloud closes £4.5m Series A round from YFM

Funds advised by YFM Equity Partners, the specialist private equity fund manager, have backed a £4.5m investment into SharpCloud Software Limited to support the continued growth and roll out of its enterprise SaaS product. YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc, alongside YFM Equity Partners Growth II LP.

SharpCloud was founded in 2012 by Sarim Khan and Rusty Johnson, following the successful sale of their previous software business to Oracle Primavera. Having spent some time within the Business Intelligence (‘BI’) and data analytics space, they noted a lack of powerful top-down software tools that could allow large organisations to visualise complex data across siloed lines-of-business and built SharpCloud to solve this.

15th November 2019

Snowplow Analytics raises £4 million Series A funding

Snowplow Analytics, the company that helps businesses to collect and own their customer data, has closed a £4m funding round from research-led VC MMC Ventures. The funding will support the company’s continued expansion in the US and Europe, and will help to further develop the technology behind its product.

15th November 2019

Teysha Technologies raises £1.2m supported by Angel Investment Network

Bioplastics company Teysha Technologies has successfully raised £1.2m of investment, supported by Angel Investment Network (AIN), the world’s largest online angel investing platform. London-based Teysha has created a patented, renewable, fully biodegradable plastic substitute, using waste from landfill to creating polymers for hundreds of different applications.

14th November 2019

Foresight invests £749k into University of Nottingham spin-out Promethean Particles

Foresight Group has made a £749,000 growth capital investment into Promethean Particles Limited, a company specialising in the manufacturing of nanomaterials.  The finance boost will allow the firm to create new jobs, scale its production capabilities and enter untapped global markets.

The investment has been made using finance from the Midlands Engine Investment Fund and is part of a £1.25m funding round led by Foresight and supported by the University of Nottingham, East Midlands Early Growth Fund (managed by the British Business Financial Services), and other existing investors.

14th November 2019

Freshworks secures $150m funding led by Sequoia

Freshworks Inc., the customer engagement software company, has announced the signing of definitive agreements for a $150 million series H round of funding at a post-financing valuation of $3.5 billion. The round was led by existing investors Sequoia Capital, CapitalG, and Freshworks’ first investor, Accel. The capital will be used to further Freshworks’ worldwide expansion as well as accelerate investment in its integrated SaaS platform. 

14th November 2019

DSW Angels backs e-commerce platform Shopblocks as part of £500k funding

Shopblocks has raised funding from the Greater Manchester Combined Authority’s GM Investment Fund, its existing investor Dow Schofield Watts Angels (DSW Angels), and members of the management team to support its expansion in the UK and overseas.


13th November 2019

Keensight Capital to acquire a majority stake in Sogelink

Keensight Capital, one of the leading private equity managers dedicated to pan-European Growth Buyout investment, along with Naxicap, mid cap investor, has announced the signing of an exclusivity agreement with a view to buying a majority stake in the group Sogelink, a leading provider of vertical software solutions for infrastructure sector professionals. Keensight Capital will become the majority shareholder of Sogelink, alongside Naxicap, management and employees.

12th November 2019

Angular Ventures closes $41m seed fund for European and Israeli startups

Angular Ventures has closed its debut fund at $41M for early-stage deep technology enterprise companies with global expansion plans based in Europe and Israel. The firm, which has been operating in stealth mode for nearly two years, has already built a portfolio of 12 companies with plans to make 5-7 new investments per year.

11th November 2019

Sepio Systems raises $6.5m led by Hanaco Ventures and Merlin Ventures

US and Israel-based cybersecurity company Sepio Systems, has raised a $6.5 million in Series A funding round led by Hanaco Ventures and Merlin Ventures, with the participation of existing investors Energias de Portugal (EDP), Mindset Ventures and Pico Partners. Since its establishment Sepio Systems has raised $11 million.

8th November 2019

Bristol-based cyber security training platform Immersive Labs raises $40m Series B

Immersive Labs, the world’s first fully interactive, on-demand and gamified cyber skills platform, has closed $40 million in funding led by global growth equity investor Summit Partners, with participation from existing investor Goldman Sachs. The investment will be used to support expansion initiatives in North America, where customer demand highlights a clear need to optimize cyber skills and guard against constantly evolving threats. The company believes this new round of funding illustrates how this dynamic technology is ushering in a new era of active training that enables professionals to acquire additional skills in richly immersive environments at their own pace and on their own schedules. 

7th November 2019

GP Bullhound advises on major Jellyfish-Fimalac deal

GP Bullhound acted as exclusive financial advisor to Jellyfish on the strategic investment by Fimalac Group which will also see Tradelab (part of Fimalac Group) integrated into Jellyfish. The deal will put the value of the new enlarged Jellyfish at circa £500m.

6th November 2019

BGF exits Thames Technology

BGF, the UK and Ireland’s most active investor in growing businesses, has exited its investment in Thames Technology, one of the UK’s largest manufacturers and designers of payment, loyalty and gift cards. The business has been acquired by Paragon ID, the Paris-listed provider of identification and traceability solutions.

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