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14th May 2019

Maven leads investment in Symphonic Software

Maven Capital Partners has led an investment, alongside existing shareholders Par Equity and the Scottish Investment Bank, in Edinburgh-based Symphonic Software Limited, a leading player in the Identity and Access Management market. The funding will be used to further scale the business, investing in sales and marketing resource, as well as product innovation, to ensure Symphonic continues to offer customers a best-of-breed solution in this important and growing market.

14th May 2019

Par Equity invests £3.2m boost in Northern Irish tech scene

Par Equity, the Edinburgh-based multi-award-winning venture capital firm, has led investments totalling £3.2m in two Northern Irish software companies, Plotbox and Datactics.

The companies represent a growing collective of technology firms based in the country benefitting from consistent support for start-ups from the private and public sector. A study published last year by the Enterprise Research Centre showed that compared to the rest of the UK, a higher proportion of Northern Irish companies exceeded £1m turnover within three years.

14th May 2019

The ID Co. Secures Seed Funding for International Growth

Global fintech, The ID Co., has has received $2m seed funding from global technology investor Amadeus Capital Partners, SixThirty and other investors.

The ID Co. helps businesses such as lenders to onboard their customers more efficiently. Its technology removes the friction caused during application processes by the current challenges of risk, fraud, compliance, and regulation.

13th May 2019

Masabi secures $20m led by MMC Ventures

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today announced a $20 million growth funding round with investment led by new investor, Smedvig Capital. MMC Ventures and other existing investors participated. 

10th May 2019

Cherwell invests in Scotland to expand research and development in Dundee

Cherwell Software a global leader in service management, has announced that 40 new jobs will be created at their facility in Dundee, following a £3.1million research and development (R&D) grant from Scottish Enterprise.

The funding forms part of an overall £22 million investment from Cherwell, £8.9 million of which has been allocated to Scotland, to develop new and cutting-edge technologies at its Dundee R&D facility to allow businesses of all types to automate services across their enterprises, driving efficiency and productivity.

10th May 2019

European investment in UK tech at all-time high

Investment from European funds into the UK’s thriving tech ecosystem reached a record high of £1.89bn in 2018 (up from just £1.66bn in 2017), according to a new report published by leading law firm Penningtons Manches.

10th May 2019

Food industry robotics firm Karakuri secures £7m investment led by Ocado

How and what we eat in restaurants or on-the-go is changing thanks to new robotics startup Karakuri and its £7 million seed investment, led by Ocado.  With growing demand for personalised nutrition as part of a healthy lifestyle, Karakuri uses the latest innovation in robotics, machine learning, optics and sensors to allow restaurants and food retailers to offer personalised, freshly prepared, high quality meals, which maximise nutritional benefits and minimise food waste.

9th May 2019

Scottish medical diagnostics company completes £1.5m funding round

Biotangents, a Scottish medical diagnostics business, has secured £1.5m of new investment following the completion of a second fundraising round.

9th May 2019

InsurTech startup Urban Jungle raises £2.5 million in seed funding

Insurance startup, Urban Jungle has announced a £2.5 million seed funding round with participation from a range of new and existing high profile Angel investors, including Rob Devey, ex CEO of Prudential UK, and Simon Rogerson, CEO of Octopus Group.

8th May 2019

Pharma IT firm closes £1m funding round for new clinical trials software

A Nottingham company which has developed a new platform to help pharmaceutical firms manage clinical trials more effectively has raised almost £1m from investors to help it launch its product worldwide.

8th May 2019

Sonae IM closes investment in Cellwize

Sonae Investment Management (Sonae IM), today announced that it has concluded an equity investment in Cellwize, a global leader in mobile network automation and orchestration. This funding will accelerate Cellwize’s growth and the expansion of its technology in automation and artificial intelligence, particularly towards supporting new 5G deployments.

7th May 2019

Oriient secures $4m to bring in-store navigation to the masses

Oriient, pioneers of high-performance indoor GPS, announced today the closing of $4m in seed funding from F2 Capital and innogy Innovation Hub, the accelerator and venture capital arm of innogy SE, a leading German energy company. The company also announced it is already working with the world’s largest retailers, as it scales to unlock the power of indoor navigation by delivering an experience similar to online search, to in-store shoppers.

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