18th June 2019
QuarterOne, the sales forecasting software start-up for SMEs, raises first major investment from Seedcamp, the influential European seed fund
18th June 2019
Inzura.ai the UK based global InsurTech has raised a further £1m in a pre-A funding round. This follows a seed investment round in early 2018 and rapid growth in the UK and South East Asian markets.
Inzura works with brokers and insurers to deliver enhanced digital versions of their insurance products through smartphone apps, leveraging telematics, integrated dashcams and artificial intelligence (AI). With some customers already achieving over 30% improvements in loss ratio, Inzura's digital products are customer focussed, cost significantly less to operate, reduce fraud, and enable greater pricing accuracy.
14th June 2019
Maven Capital Partners has invested a further £750,000, in disruptive car insurance platform, Honcho Markets Ltd. The funding has been provided by Maven VCTs (£322,500), North East Development Capital Fund, supported by the European Regional Development Fund (£322,500) and the Finance Durham Fund, established by Durham County Council (£105,000). The follow-on investment will support the business as it enters its next phase of development to launch the product nationally, add new insurance product lines and make significant enhancements to its platform. The investment will also support the creation of 10 jobs over the next 12 months, bringing the total staff numbers to 15.
12th June 2019
Kernel Capital and Par Equity have led a £1.2M investment in Datactics Limited, a Belfast-based provider of RegTech solutions for the banking and financial services sector. This is the second round of funding secured by the company from The Bank of Ireland Kernel Capital Growth Fund (NI). Datactics provides data quality and matching software to the financial services industry and government departments to help financial firms measure, clean and match data ahead of a regulatory reporting, business intelligence or analytics process.
5th June 2019
Augusta & Co, a specialist financial advisory and investment firm for the renewable energy industry, has today announced the appointment of Axel Narváez Kirkpatrick to the position of Managing Director, Head of Spain.
4th June 2019
New research from Intertrust shows an overwhelming majority (94%) of UK-based financial services industry decision-makers believe that Artificial Intelligence (AI) has the most potential to revolutionise the sector over the next five years, considerably ahead of blockchain (53%) and the Internet of Things (24%).
3rd June 2019
Silverfleet Capital, the leading Pan-European private equity firm, has agreed to acquire Microgen Financial Systems Limited, a leading provider of Trust & Fund Administration (T&FA) software to the Trust and Corporate Services industry. The transaction is subject to the approval of the shareholders of the seller, Aptitude Software Group plc.
31st May 2019
autologyx has announced that it has raised an additional £1 million to rapidly expand its foothold in legal, RPO and insurance sectors. The digital operations platform, which automates real-world, complex business processes, has seen significant growth over the past year, both in terms of recurring revenues – which have doubled, and demand for its market-leading platform.
30th May 2019
yulife, the life insurance company which puts wellbeing at the heart of its insurance offering, has announced that it has secured £10 million in Series A funding. The round was led by Creandum Funds, backers of Spotify, iZettle and depop. MMC Ventures and Notion Capital participated in the round alongside existing investors Anthemis Exponential Ventures, RGAX and Israel’s most active venture investor OurCrowd. This new round of funding follows a previous £3m seed-round led by LocalGlobe.
28th May 2019
Albemarle Street Partners (ASP), the specialist advice and investment management consultancy for advisers, has announced the appointment of Charlie Parker as Managing Director.
20th May 2019
Bowmark Capital, the mid-market private equity firm, has agreed to sell Aston Lark, a leading independent insurance broker, to Goldman Sachs’ Merchant Banking Division. Completion of the transaction is expected to occur following receipt of approvals from the Financial Conduct Authority and the Central Bank of Ireland, and antitrust approval.
15th May 2019
Edison Group, the leading investment research, investor relations and consulting firm, headquartered in London, with offices in New York, Europe and Asia-Pacific, has established Edison Israel, a joint venture with GK Investor Relations (GK), Israel’s market leading international IR firm, based in Tel Aviv.