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10th July 2020

British Business Investments commits €120m to support the IT and healthcare sectors

British Business Investments Ltd, a commercial subsidiary of the British Business Bank, had made a commitment to LGT Capital Partners through its £500m Managed Funds Programme.

The commitment will be split across two funds and is the largest to date from the Managed Funds programme, which acts as a cornerstone investor into large scale venture and growth capital funds of funds.

10th July 2020

Traplight secures €8 million led by EQT Ventures

Traplight, the Finnish mobile game studio focused on highly accessible mid-core games, has announced the global launch of its new mobile gaming title Battle Legion alongside an €8 million funding round. Lead investor in the round is the EQT Ventures fund, with participation from Play Ventures and existing investors Initial Capital and Heartcore Capital. The funding will be used to double down on Battle Legion, which merges qualities from both mid-core and casual titles and has already secured exceptionally high engagement metrics and a positive community response.

9th July 2020

COVID-19 has fuelled insurers' appetite for private equity says State Street survey

State Street Corporation (NYSE: STT) has published new research[1] which reveals that the COVID-19 crisis has fuelled the appetite of insurers 

9th July 2020

Octopus and EQT lead $18.5m funding for Permutive

Permutive, the publisher-focused data management platform, has raised $18.5 million Series B funding, led by Octopus Ventures with participation from EQT Ventures and earlier investors. The company, which works with global publishers, tripled revenue growth last year. The funding announcement comes at an unprecedented time for publishers, as web traffic continues to spike due to coronavirus yet struggles to monetize this readership persist.

8th July 2020

Rise in equity investment in NI tech firms revealed by NI Deal Tracker

Investment in Northern Ireland tech companies increased by over 50% last year, with both the number of deals and average value of each investment rising, according to new data published by Catalyst.

The third annual NI Deal Tracker report showed that in 2019 £44.3m in new share capital was invested as part of 61 deals in 55 locally based tech companies, a 54% increase in the value of transactions completed in the previous year.

8th July 2020

GPs feel the strain as LPs push for more transparency

Nearly four fifths (79%) of private equity fund managers expect investors to demand more transparency in reporting on portfolio company performance over the next 12 months, reflecting growing concerns over the impact of the COVID-19 pandemic.

8th July 2020

ProFactor Pharma completes milestone towards treatment of Haemophilia A

Kelvin Capital backed ProFactor Pharma Ltd (PFP), has completed an important development milestone in its research that will transform the treatment of ‘Haemophilia A’.

Based outside Edinburgh at the Easter Bush Campus, the company has received £1.1m (the second tranche of funding from its £2m funding round announced in September 2019) to advance its R&D programme, which is moving closer to toxicology studies for its low cost recombinant human factor VIII (rhFVIII) for the treatment of ‘Haemophilia A’.

8th July 2020

Team raises £100k for device to protect carers of Covid-19 patients

A team of healthcare experts who developed a fast and low-cost way to protect carers working with Covid-19 patients has raised a £100,000 investment.

Mat Campbell-Hill and his colleagues who created the AerosolShield mini-isolation tent have secured the funding from the West Midlands Academic Health Science Network’s (WMAHSN) SME Health Innovation Fund, which is managed by Mercia, and MidTECH Innovations.

7th July 2020

TAINA Technology closes funding round to fuel further growth

TAINA a market leading, computer science led provider of flexible and efficient FATCA, CRS and Chapter 3 solutions for banks, online trading platforms and fund administrators has announced the closing of its most substantial funding round yet, welcoming Anthemis, Tribeca ESP, Reciprocal Ventures and SIX Ventures to the TAINA Family.

7th July 2020

Used-car platform Cazoo raises £25 million led by Draper Esprit

Draper Esprit has participated in the latest £25m Series C funding round in Cazoo, the UK's leading online car retailer. Cazoo allows customers to buy a used car entirely online and have it delivered to their door in as little as 72 hours.

7th July 2020

ThingTrax Raises $1m to Build the Autonomous Factories of the Future

ThingTrax, a provider of smart technology solutions for the manufacturing industry, has announced the close of a $1m seed round led by SuperSeed, investing alongside industrial specialist Sumaria. Founded in 2015, the company has been working with manufacturers around the world to turn their unconnected factories into smart manufacturing hubs. Using cloud computing, IoT, AI, and most recently computer vision, to connect machines, workers, and robotics to improve efficiency.

6th July 2020

British Patient Capital makes €57m commitment to Kennet fund

British Patient Capital, a subsidiary of the British Business Bank, has made a cornerstone commitment to Kennet’s fifth fund as it announces its €223m ($250m) close.

Kennet specialises in investing in established, high growth technology companies which are founder-owned and ‘bootstrapped’ – built without significant external capital. Typically, investment from Kennet is the first external funding that companies receive and is primarily used to support international expansion, enabling companies to meet the global market opportunities often associated with Software as a Service (SaaS) business models.

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