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16th October 2018

Stride and Albion back Forward Health's $3.9m fundraising

Forward Health, the app working to reinvent healthcare communication, has raised a $3.9m seed funding-round led by Stride.VC, with additional backing from Albion Capital. The funds are joined by an impressive roster of angel backers, including healthtech founders Jay Desai from US company Patient Ping and Melissa Morris from UK-based Lantum.

Forward was founded in 2016 by UK doctors Barney Gilbert and Lydia Yarlott, alongside serial entrepreneur Philip Mundy. Their mission is to connect healthcare systems around the world, making communication secure, transparent and flexible for healthcare professionals and patients.

12th October 2018

Foresight invests £2.5m into B2B SaaS provider Accrosoft

Foresight Group has announced the £2.5 million growth capital investment into Accrosoft Limited.

Based in Loughborough, Accrosoft is a software as a service company with two products currently in the market, Vacancy Filler, an Applicant Tracking System which automates the recruitment process for organisations and Weduc, an engagement tool to enable parent-teacher communication.

Accrosoft was founded in 2008 by Alex Khakbiz and Mitesh Chauhan, experienced SaaS entrepreneurs. Vacancy Filler, launched in 2013, automates much of the recruitment management process for businesses. The product now boasts over 200 customers across a range of sectors, including supermarket Aldi, which manages over 4,000 daily applications.

12th October 2018

Maven Property exits investment in Hotel Indigo Glasgow

Maven Property, the property arm of Maven Capital Partners, has completed the £14.5 million sale of Hotel Indigo Glasgow, a four-star, 94-bedroom hotel with restaurant in the centre of the city, to Heeton Holdings, a Singapore-listed real estate conglomerate. 

The structure of the transaction includes the sale of the Freehold (in Scotland “Heritable”) interest in the hotel to a Ground Rent Fund and of the resultant long leasehold interest to Heeton, which has acquired the trading business and goodwill of the Hotel. There has been little precedent in structuring hotel sales in this way, but Maven’s significant experience of hotel development funding structures has enabled it to split these two interests in the Hotel and drive additional value for its investors.

8th October 2018

Maven Capital launches £30 million joint VCT offers

Maven Capital Partners has launched new VCT offers to raise up to £30 million. The offers will allow the VCTs and new investors to benefit from the strong pipeline of VCT qualifying opportunities which is in evidence across the Maven regional office network.

5th October 2018

Preservica drives global expansion with £7.5m funding from Mobeus

Preservica today announced a £7.5 million ($10 million) Series B investment from Mobeus Equity Partners to meet accelerating demand for its Active Digital Preservation software technology. The investment provides an initial £4 million with a facility for a further £3.5 million to support Preservica’s continued global expansion plans.

5th October 2018

Locum's Nest raises £3m led by Albion Capital to revolutionise hospital locum recruitment

Locum’s Nest, the app that connects doctors to locum work in hospitals, has raised £3m in further funding from Albion Capital, the leading independent investment manager, and IDO Investments. The new funding takes the total investment in Locum’s Nest to £4.1 million.

25th September 2018

Triple Point launches new venture fund share class

Triple Point has launhced the Venture Fund, a new share class in the successful Triple Point VCT 2011 plc. The Fund is designed to generate significant returns for investors through a challenge-led investment strategy. 

25th September 2018

Octopus increases AIM VCTs offer to £30 million

Octopus Investment has announced a £10 million over allotment facility for its current AIM VCTs fundraise.  Octopus has rapidly reached the initial £20 million target* within just seven weeks and is now offering a further £10 million of fundraising capacity to meet investor demand.

21st September 2018

Mobeus sells Lightwork Design to Siemens

Mobeus has realised its investment in Lightwork Design to Siemens PLM Software, a business of Siemens AG, the global conglomerate focusing on electrification, automation and digitalization.

Lightwork Design provides photo realistic rendering and collaborative virtual reality design review software which will enhance Siemens’ 3D data visualisation capabilities.

Mobeus originally invested £1.9m in the management buyout of Lightwork Design and Machineworks, a group of two companies known together as VSI Limited, in 2006. VSI was demerged in 2011 and Machineworks was divested to Dr Johannes Heidenhain GmbH, the large German machine tooling and encoder group, in 2014.

20th September 2018

Downing commits £4.2 million to Rated People Limited

Downing Ventures has committed £4.2 million of funding to Rated People Limited, to help the company accelerate growth by investing in marketing and sales and continue driving innovation in its product offering.





Rated People is an online home services marketplace that aims to connect homeowners with high quality local tradespeople. The company offers access to more than 50,000 tradespeople, representing over 30 trades, and covering the whole of the UK.  It is free for homeowners to post jobs on the platform. Trades customers pay a subscription fee, along with transactional revenues to access the marketplace and provide quotes for homeowners’ jobs. Its annual membership offering reflects the company’s ongoing commitment to helping tradespeople run successful businesses, providing trades businesses with inbuilt features that help them stay organised and track the work they’re doing. Annual membership also provides trades businesses with access to over 200 personal and business discounts to cut costs on everything from tools at Jewson, to fuel and free mobile phone insurance.

17th September 2018

Judy Naake confirmed as keynote for VCT & EIS Forum

Judy Naake, the founder of St Tropez Tan and all round successful businesswoman, has been announced as a keynote speaker at this year's VCT & EIS Investor Fourm on 30th November in London.

17th September 2018

Octopus launches £130 million VCT fundraising

Octopus Investments, part of Octopus Group and the largest provider of venture capital trusts (‘VCTs’) in the UK, today announces it has opened fundraising for Octopus Titan VCT (Titan).

Octopus is targeting another £120 million fundraise for its flagship VCT. This follows last year’s record breaking fundraise when Titan raised a total of £200 million.  If fully subscribed, the total fund size could rise to over £800 AUM, providing significant capital for investment in early stage businesses across the UK.

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