Livingbridge, one of the UK’s leading mid-market private equity investors, has agreed the sale of Carousel Logistics to Danish private equity firm Axcel.

KYND, a leading provider of pioneering cyber risk management solutions for the insurance industry, has announced a £3.25 million investment from BGF. 

KYND will use the investment to accelerate its rapid growth and global expansion plans, as well as continuing to develop transformative cyber risk technology to launch new products.

The company has achieved a 1000% growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers and brokers, such as Beazley, Howden, Paragon and Alliant.

Sanctus, one of the first organisations in the UK to offer proactive mental health support through 1-2-1 coaching for employees in the workplace, has closed a £4.25m investment round led by Scale Up Capital, and advised by the team at PWC Ventures. Launched in 2016 by James Routledge, Sanctus was born out of a desire to normalise the conversation around mental health at work and make proactive support more readily available to UK employees. 

ProVerum Limited, an Irish medical device company developing a minimally invasive solution to treat benign prostatic hyperplasia (BPH) in the doctor's office, has closed a €30 million Series A equity financing co-led by Gilde Healthcare Partners and Lightstone Ventures, including participation from existing investors.

Myzone, the global manufacturer of wearable fitness tracking technology, has secured a 17.2 million dollar investment from BGF, the UK’s most active growth capital investor, alongside renowned tech entrepreneur Vin Murria OBE, who also joins as Non-Executive Chair.  

CONXAI, the first No Code AI Platform for the AEC industry, has raised €2.7m ($3m) in a pre-seed funding round co-led by Earlybird and Pi Labs, Europe’s most active proptech VC.  Other investors in the round include A/O PropTech and Argonautic Ventures.  The funding enables CONXAI to onboard new talents, scale adoption and broaden the platform’s capabilities.

Two sport and exercise scientists who established ART Health Solutions, an app to improve employee wellbeing and performance have raised £800,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, to fund the next stage of growth.

Brainomix, the AI-powered medtech solutions company, has closed a series B financing round, raising £16M ($21.2M) to fund its expansion into new markets and new therapeutic indications, including lung fibrosis and cancer. This investment will build on the proven success of the company’s tech platform in stroke and enable value-generating pharmaceutical partnerships to improve clinical trial success, foster broader adoption of existing therapies in the new indications, and improve patient outcomes.

Plastron UK Ltd, a specialist in safe operations for the NewSpace industry, has signed up to the national SPRINT business support programme.

Praetura Group, the North West-based debt and equity capital provider to small and medium sized businesses, has celebrated a record £253m year as demand for its equity and debt services continues to grow.

MMC Ventures, the leading UK Series A investor, has promoted three individuals to its senior leadership team, and added a partner, following a record year in 2021 – during which MMC’s portfolio companies raised more than $1bn in funding.

Connection Capital, the specialist private client alternative investments business, saw its highest ever levels of demand from private investor clients for alternative asset investments last year, raising a record £77m of private capital across its direct private equity and debt transactions and third party managed alternative fund opportunities, in 2021.