8th August 2019
innogy Ventures, the venture capital investment arm of innogy Innovation Hub, has invested in Teralytics AG as part of a $17.5 million funding round. innogy Ventures and innogy Innovation Hub are backed by innogy SE, a leading German energy company. The round was led by Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group. Other participants included Deutsche Bahn Digital Ventures, LBBW Venture Capital and Liil Ventures, as well as existing investors Atomico and Lakestar.
1st August 2019
CyberSmart, a GCHQ Cyber Accelerator alumni, has secured £1.3 million in new financing led by deep-tech investor IQ Capital, after two years in stealth mode. This funding will allow CyberSmart to further accelerate its rapid growth, build next-generation technical capabilities and secure Britain’s future as a leader in cybersecurity. CyberSmart’s core mission is to protect and empower SMEs, often the weak link in cybersecurity, but at the same time, the bread and butter of the UK business landscape. CyberSmart’s platform and products allow any size SME, with or without technical resources, to protect itself and its staff, easily and affordably. The exciting platform is bringing cybersecurity standards to the masses, with millions of UK SMEs in its sights, a truly scalable cybersecurity solution.
1st August 2019
Thriva, the proactive health company, has secured a £6M Series A funding round. The funding will support Thriva as it builds towards it’s ambitious vision: to put optimal health in anyone’s hands. The round, from a range of investors including Pembroke VCT and Guinness Asset Management, takes the total raised by Thriva to £7.5m since its launch in 2016. Thriva offers affordable, clinical-grade insights based on the latest research and has helped over 100,000 people understand how their lifestyle is impacting their health.
23rd July 2019
Foresight Group has invested a further £4 million growth capital investment into portfolio company ONFAB to fund the acquisition of Lancashire based designer and manufacturer of clean air containment products, Envair Holdings Limited.
ONFAB produces flexible clean-air enclosures and consumables, designed and manufactured in-house from sites in Cheshire and Spain. Founded in 2005 by Oliver Nulty, ONFAB received investment from the £60 million Foresight Regional Investment LP fund in September 2017 to facilitate a majority buyout of the business. Since then, with an enlarged team and renewed focus on sales, margins and new products, it has grown by over 30% per year and continues to benefit from ever stricter safety standards protecting workers across the globe.
22nd July 2019
NVM Private Equity (NVM) has apppointed Oliver Wildig as an Investment Manager. He will be based in Manchesterwithin the buy-out team with responsibility for sourcing new investment opportunities, execution and portfolio management. This appointment continues a period of significant expansion at NVM who now have over £430 million under management and a combined investment team of 20 investors.
12th July 2019
Maven Capital Partners has completed a £2.5 million investment to support the continued growth of pioneering software developer Filtered Technologies Limited.
Filtered Technologies Limited provides advanced, AI-driven learning and development software to the corporate market, as well as training content to the corporate and retail markets. Maven’s investment will help to accelerate Filtered’s continued technological innovation and further strengthen its highly regarded customer success and sales teams as the business grows.
8th July 2019
Maven Capital Partners has led a £3 million funding round in Manchester-based DigitalBridge, a Guided Design platform for kitchen and bathroom retailers. Today’s transaction comprises a £1.5 million package from Maven’s Venture Capital Trusts (VCTs) and £1.5 million from the NPIF Maven Equity Finance, a regional development fund managed by Maven which forms part of the Northern Powerhouse Investment Fund. The funding will support the roll-out of DigitalBridge’s platform and the creation of 15 new jobs. It will also enable the company to create additional products and penetrate new markets, particularly the US. DigitalBridge has been working with Kingfisher Plc (owners of B&Q and Castorama) since 2017.
4th July 2019
Maven Capital Partners has exited from GEV Group Holdings Limited. The exit attracted significant interest from several private equity buyers; the sale to Bridges Fund Management will generate 2.7x returns for Maven investors.
2nd July 2019
During the first half of 2019 YFM Equity Partners completed £230m of deals and raised £100m of new funds. This result represents a sharp increase on 2018 and reflects the resilience and positivity of smaller businesses and demonstrate that this sector is bucking some of the perceived business trends.
1st July 2019
Foresight Group LLP has announced a £4 million growth capital investment into Ten Health and Fitness Limited, a fast-growing provider of health and fitness services in London.
19th June 2019
YFM Equity Partners has appointed Helen Villiers as Investment Manager. Based at YFM’s London office, Helen will be focussing on supporting YFM’s new investment activity, working with the existing team to deploy funds into growing businesses at points of transformational change.
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.