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22nd February 2019

The Growth Company secures £56m to boost employment in the North

The Growth Company has been awarded a £56.5m contract package as a result of bidding for ESF from the Education and Skills Funding Agency. This European Social Fund investment package will be delivered in partnership with Local Enterprise Partnerships in Greater Manchester, Lancashire and Sheffield City Region over the next two years.

22nd February 2019

Riverside invests in premium rum blending specialist E&A Scheer

The Riverside Company, a global private equity firm, has made a significant investment in E&A Scheer, the largest global blender and vendor of premium rum in bulk. With origins dating back to 1712, Scheer specializes in sourcing and custom-blending to create high-quality, tailor-made rum blends. Scheer’s blending operation is located in Amsterdam, Netherlands, and aging facilities reside in Liverpool, United Kingdom, where its subsidiary the Main Rum Company (MRC) is located.

22nd February 2019

AI cyber defender Senseon secures $6.4m to redefine industry approach

Senseon, the next generation AI platform for cyber defence, has announced the completion of a seed funding round of $6.4m. Leading the investment is research-led venture capital fund MMC Ventures, alongside Mark Weatherford, former Deputy Under Secretary for Cybersecurity, U.S. Department of Homeland Security. Additional investors include Amadeus Capital Partners, Crane Venture Partners and CyLon.  The funding will allow Senseon to continue its rapid expansion in the UK and increase its presence in EMEA and the US.

21st February 2019

MMC continue to back Gousto as the business announces another £18m funding

UK-leading meal kit company, Gousto, has raised another £18m in equity funding, bringing the total raised since launch to £75m. Attracting new investment from global health influencer, Joe Wicks, along with all existing shareholders: MMC Ventures, Unilever Ventures; Hargreave Hale; BGF Ventures and Angel CoFund.

20th February 2019

MMC backs AI-powered Growth Intelligence again with £1.7m

MMC-backed Growth Intelligence has raised £1.7m funding, led by 24Haymarket, to help marketers and sales leaders drive faster growth with AI.

Founded in 2013, Growth Intelligence helps high profile brands, including American Express, FedEx, Western Union, iZettle and Vitality Health, target their direct marketing activity to businesses that are most likely to buy. 

20th February 2019

British Business Investments commits £20m to ThinCats

ThinCats, the fintech lender for mid-sized SMEs, today welcomes a new £20 million funding commitment from British Business Investments, a commercial subsidiary of the British Business Bank.

British Business Investments is making the new commitment under its Investment Programme, which supports the development of more diverse debt finance markets for small and medium sized businesses. The commitment will provide ThinCats with additional capital to make term loans which will support the growth of businesses across the UK.

20th February 2019

Equity Gap invests £575,000 in Spoonfed

Catering management software company Spoonfed is planning major expansion in the US, following £575,000 of development funding from Equity Gap.  

Aimed specifically at contract catering firms and restaurants supplying catering to businesses, universities, hospitals and many other institutions, Spoonfed’s SaaS (Software as a Service) platform creates real efficiencies for caterers and provides a straightforward ordering system for their customers. 

19th February 2019

Idinvest closes its second growth fund at €340m

Idinvest Partners, a leading investor in SMEs across Europe, has today announced the final closing of its second capital growth fund (Idinvest Growth Fund II) at €340m, surpassing its initial target of €300m. Idinvest Growth Fund II brings together a panel of renowned investors, of whom more than 75% are based outside France.

19th February 2019

ChargedUp grows charging network with £1.2m seed investment

ChargedUp, the UK’s first mobile charging network, is applying the bike-sharing model to mobile device charging, after closing a £1.2 million seed investment led by Sir John Hegarty’s fund The Garage and ex-Innocent Smoothie founders fund JamJar.

Addressing consumer frustrations of being caught out with a dying phone battery and nowhere to charge it, ChargedUp has built the UK’s first mobile phone charging network.  For 50p, users can rent a power bank to charge devices while on the move and return it at a different location.

18th February 2019

Idinvest appoints Bao Dinh as Investment Director

Idinvest Partners, a leading investor in SMEs across Europe, today announces the appointment of Bao Dinh as Investment Director in the Venture Capital team. In this position, Bao will be involved in sourcing, analysing and executing investments for the Venture Capital team, both in France and in Europe.

18th February 2019

Vala bolsters management with COO hire

Vala Capital, the UK venture capital firm, has appointed Jane Holland, ex-Financial Director at investment company The Ingenious Group, as the firm’s new COO.

15th February 2019

BGF investment MorphCostumes acquires Fun Shack

BGF portfolio company MorphCostumes, the manufacturer and online fancy dress retailer behind the legendary Morphsuit, has hit the acquisition trail, taking the first step in a plan that will continue their strong growth from a base of over £12m in 2018 (up from £9m in 2017).

The Edinburgh-headquartered company has bought Fun Shack, which designs, makes and sells a range of costumes through Amazon and other online retailers, as well as through a network of over 200 shops.

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