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18th June 2018

InvestCloud Inc. acquires rplan Limited for $20 million

 

InvestCloud Inc., a global FinTech firm, has announced a strategic acquisition of London-based rplan Limited. The value of the deal is $20 million.

 

15th June 2018

British spacetech pioneer Oxford Space Systems secures £6.7m in funding

Oxford Space Systems (OSS) is today announcing it has secured £6.7 million in funding from a syndicate of investors including IQ Capital, Longwall Ventures, Foresight Williams, OTIF, Midven and Wren. The current round, led by Longwall Ventures, brings the total amount raised in external funding to £10m since OSS’ launch in late 2013.

The recent investment makes OSS the most highly funded UK start-up, upstream space technology business.[1] The funding will enable the accelerated development of OSS’s technology – pioneering the 

15th June 2018

Maven leads £2.7 million investment in Orchidsoft

Maven Capital Partners has led the £2.7 million investment in intranet software specialists Orchidsoft Limited.

A total of £2.2 million has been provided by Maven funds, which includes a £700,000 investment from the Finance Durham Fund, in addition to a £500,000 follow-on investment from existing backers Northstar Ventures, from the recently launched North East Fund supported by the European Regional Development Fund.

The funding will enable the business to expand its sales and marketing efforts across the UK and US and to grow its team of 45 employees to over 100 by 2022. The Finance Durham Fund was established by Durham County Council and overseen by Business Durham, the economic development organisation for County Durham.

15th June 2018

Mubadala to launch $400 million European tech fund

Mubadala Investment Company of Abu Dhabi, is to create a $400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, Inc.investment subsidiary. The fund will target founder-led, high growth technology companies with global scale and impact.

13th June 2018

Downing Ventures adds two companies to its portfolio

Downing Ventures has recently welcomed Cambridge Touch Technologies and Masters of Pie to its portfolio

8th June 2018

Downing Ventures supports £4m funding for Cambridge Touch Technologies

Venture capital fund Downing Ventures has participated in a £4 million Series A1 funding round for Cambridge Touch Technologies Limited (CTT).

Spun out of the University of Cambridge in 2011, CTT is a leading developer of AI-powered 3D touch technologies that can be used across a wide range of smart devices, from smartphones and tablets to automotive and industrial technologies.

8th June 2018

First major game with native blockchain rewards

 

Loot™, the blockchain protocol and crypto-asset generated by player skill in video games, is being adopted by Trendy Entertainment, the video game developer behind the Dungeon Defenders franchise, to integrate its unique blockchain solution into the rewards system of Dungeon Defenders II. The Loot protocol is in development with a goal of release in Q1 2019. Trendy plans to be the first to integrate the solution once the protocol is released.

 

7th June 2018

Crowdcube funded Bidstack to list on AIM

Bidstack, the in-game advertising software company which raised £137,000 via Crowdcube in December 2015, is seeking to list its shares on AIM via a Reverse Takeover (RTO) of Kin Group Plc.

6th June 2018

Downing backs Masters of Pie with £1.6m

Masters of Pie, a London-based early stage technology firm specialising in virtual and augmented reality software for manufacturing and wider enterprise solutions, has secured £1.6 million funding led by venture capital firm Downing Ventures to accelerate product development and extend commercial partnerships.

6th June 2018

Power Roll raises £2.9m to commercialise disruptive energy technologies

Acceleris has advised upon the completion of a £2.9m funding round into Power Roll’s novel energy creation and storage technology from existing shareholders and High Net Worth Individuals.

Power Roll Limited have developed proprietary technology that offers a manufacturing platform to develop paper thin, flexible power generation and energy storage devices. The energy storage technology has the potential to disrupt the market and possesses the following fundamental technology advantages inlcuding higher specific energy density than existing capacitors and supercapacitors, significantly lower cost and size than existing devices and enhanced lifetime for certain applications.

6th June 2018

Motorway raises £2.75m funding from LocalGlobe and Marchmont Ventures

Motorway, the UK’s first price comparison website for selling your car, today announces it has secured £2.75 million in seed funding.

Launched in 2017, Motorway enables car owners to compare multiple instant offers for their vehicle and find the best deal in seconds – bringing speed and transparency to a previously frustrating process.

6th June 2018

TNS appoints new Chief Product Officer

Transaction Network Services (TNS) has hired telecommunication industry veteran Bill Versen to the newly created position of Chief Product Officer. 

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