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18th June 2019

UK boards lack tech expertise says Russell Reynolds report

UK boards are seriously lacking non-executive directors with skills and expertise in technology, new research from Russell Reynolds Associates a leading global leadership advisory and search firm, reveals.

Fewer than half (44 percent) of FTSE 100 companies have a technology expert on their board, falling to 37 percent for FTSE 350 businesses (excluding technology and telecoms companies). Russell Reynolds Associates defines a technology expert as someone with substantial technology experience, gained through either a senior commercial role in a technology company or a technology role in a corporate (e.g., CIO or CTO) [2].

18th June 2019

QuarterOne raises funding from Seedcamp

QuarterOne, the sales forecasting software start-up for SMEs, raises first major investment from Seedcamp, the influential European seed fund

18th June 2019

The Ticket Fairy raises $2.5m from all-star investor line-up

The Ticket Fairy, a growth and sales channel partner for the live events industry, has announced the official launch of its cloud-based events platform - an easy-to-use, self-service solution, combining ticketing, marketing and event management, that increases revenue, reduces financial risk, and provides event organisers, venues and tour managers with access to unparalleled data, analytics and intelligence. 

17th June 2019

Nexeon secures funding for new battery materials initiative

Nexeon, the company developing and supplying battery materials for rechargeable Li-ion batteries, is leading a new project to optimise coating technology for its silicon material. This approach will result in improved cell performance, and also extend the system compatibility of silicon anode materials, allowing use of lower cost electrolyte formulations and lower overall battery cell costs.

17th June 2019

Funderbeam raises US$ 4.5 million in series A funding

Funderbeam, the global funding and trading platform, has raised US$ 4.5 million in Series A funding, led by UK-based Accelerated Digital Ventures (ADV). The round includes new investors such as GK-Plug and Play Indonesia, Pandan Ventures, with existing investors including Draper Associates, Draper Venture Partners, IQ Capital, and Mistletoe also taking part.

13th June 2019

When Wireless meets wellies: digital revolution driving growth in agri-tech sector

Digital livestock production, smart plants and 24/7 indoor salad production are some of the ways the digital revolution is driving rapid growth in the agri-tech sector. Start-ups 30MHZ, Breedr and LettUs Grow are part of a new breed of technology companies aiming to improve productivity and sustainability in agriculture, but they will be quick to stress at CWIC 2019 that domain knowledge has been essential for success. They are presenting in the Agriculture track of the conference, hosted by Agri-Tech East and Allia Serious Impact.

12th June 2019

Challenger Mobile Communications set for growth

Business to business (b2b) telecoms provider Challenger Mobile Communications is targeting growth after a management succession buyout supported by a £1.4m loan from the Development Bank of Wales.

12th June 2019

Kernel Capital £1.2M co-investment in Belfast RegTech Company Datactics

 

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. 

 

11th June 2019

SEP invests €25 million in Immedis

Immedis, a specialist provider of enterprise technology solutions for global payroll and mobility tax services to multinationals, has today announced that it has secured €25 million in  strategic investment from Scottish Equity Partners (SEP), a top-performing venture capital and growth equity firm backed by blue chip international investors including the Ireland Strategic Investment Fund.  Payroll technology solution, iConnect, which has revolutionised the global payroll market due to its use of robotic process automation, AI and powerful data visualisation. Clients have grown to include Uber, Wayfair, First Derivatives, NYIT, and DCC.

7th June 2019

Triple Point leads £1.3m investment in Augnet

Augnet Limited, the London-based technology start-up set to revolutionise the SMS and messaging space, has announced that Triple Point Venture Fund has led a £1.3 million investment into the company. Triple Point invests in Augnet alongside a number of industry experts and investors. The funds will be used by Augnet to further develop the platform, support the testing stage and invest in its sales and marketing channels.  Augnet has developed a unique technology that enables SMS messages to be tracked and ensures a 100% delivery rate through a patent-protected, encrypted solution. 

7th June 2019

Thalia attracts $2m investment from Deepbridge Capital

Deepbridge Capital has led a $2m (£1.52m) funding round in Thalia Design Automation, with renewed commitment from the company’s existing investor Development Bank of Wales.

5th June 2019

Foresight returns 3.8x from Nottingham based Mercia Power Response

Foresight Group has successfully exited its investment in Nottingham-based Mercia Power Response Limited (MPR), generating a return of 3.8x on the original investment for its Foresight Nottingham Fund.

 

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