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14th January 2020

Sale of Flowrite is Foresight's 3rd exit in 6 months

Foresight Group has sold Flowrite Refrigeration Holdings Limited to Airedale Catering Equipment Group Limited, a company focused on the design, installation and servicing of catering equipment throughout the UK.

13th January 2020

Mixergy secures £3.6m investment from Foresight and Oxford Sciences Innovation

Mixergy, the award-winning Oxford University cleantech spin-out company, has raised £3.6m in Series A financing to fuel its next stage of growth in developing innovative and efficient hot water tanks to help decarbonise households and reduce consumer energy usage.

This new phase of investment from Foresight Williams Technology (FWT), Oxford Sciences Innovation and IP Group, builds on a previous investment with Centrica and will further position Mixergy as the leader in the development of residential smart hot water tanks. Powered by cutting-edge machine learning and engineering, the tanks can save up to 20% on hot water bills, provide up to 30% more usable hot water, and deliver hot water up to five times faster.

10th January 2020

Livingbridge reinvests in Sykes Holiday Cottages

Livingbridge is re-investing as a minority shareholder in Sykes Holiday Cottages, the UK’s leading independent holiday home provider with over 25 years’ experience in the market.

Livingbridge first invested in Sykes in January 2015, when the business managed 5,000 properties in the UK and Ireland.  Livingbridge successfully sold Sykes to private equity firm Vitruvian Partners in October 2019, at which time it managed over 17,500 properties, having successfully delivered market leading organic growth and completed 12 acquisitions underpinned by a highly effective digital transformation strategy. 

10th January 2020

Ori Biotech announces a $9.4M seed round

Ori Biotech Ltd, an innovator in Cell and Gene Therapy (CGT) manufacturing, has successfully closed a $9.4M (£7M) seed round which will be used to bring their innovative manufacturing platform to market. The Ori platform will deliver scalable solutions to flexibly address the critical clinical and commercial manufacturing needs of CGT developers.

 The investor syndicate is comprised of some of the UK’s leading venture investors including Amadeus Capital Partners, Delin Ventures, Kindred Capital and a London-based family office, alongside a group of angel investors who have supported the company since inception.

10th January 2020

London Business School & QVentures launch VC education programme

London Business School (LBS) and QVentures, a leading private network for sophisticated investors, have launched an exclusive professional development programme aimed at Venture Capital professionals, Family Offices and sophisticated investors.

9th January 2020

BGF celebrates growth in its Yorkshire and North East portfolio

BGF has experienced a year of growth across its Yorkshire and North East portfolio, having invested £275m into 29 businesses to date to support the region’s most ambitious entrepreneurs in the Yorkshire and North East with £41m of that total invested in the past 12 months.

9th January 2020

Blackfinch Invests in Innovative Fitness Technology Company Auro

Blackfinch has invested c.£500,000 in London-based company Auro, founded in 2016. Auro offers a fitness app that provides its users with tailored audio-based workouts.  

The Artificial Intelligence-driven app has over 65,000 users. Since launch the company has generated traction and revenue through its partner strategy, already securing partnerships with tier-1 companies such as O2 and Wiggle on the strength of its initial product.

9th January 2020

MiAlgae secures £1m from Equity Gap and Scottish Investment Bank

Edinburgh-based biotech startup MiAlgae has received an investment of £1 million to focus on the commercialisation of its revolutionary microalgae product, targeting the rapidly growing global aquaculture and pet food industries.

8th January 2020

Foresight backs Roxy Leisure's national expansion with £7.5 million investment

Foresight Group has made a £7.5 million investment into Roxy Leisure Limited, a social entertainment bar group operating sites under the Roxy Ball Room, Roxy Lanes and Roxy Arcade banners across the North and Midlands. The investment was made by the Foresight Regional Investment LP and the Foresight VCTs.

Matt and Ben Jones launched the first Roxy site in 2013, becoming pioneers of in-bar entertainment, utilising their extensive experience in the industry to create a fast-growing and unique entertainment and leisure concept.

8th January 2020

Livingbridge announces 2020 promotions

Livingbridge has announced a raft of promotions, including those of Amy Yateman-Smith and Dave Kirby to Partner.  

8th January 2020

Skylight IPV secures strategic investment from ETFS Capital

Skylight IPV Limited, the experienced independent price verification company, has secured significant investment from ETFS Capital.  This provides Skylight IPV additional stability for the next few years and the opportunity to use its unrivalled expertise to continue to work with clients and further develop its technology to build an ever-improved market leading service.

8th January 2020

BGF tops £400m invested in Midlands

BGF has now invested £411m into 50 businesses in the Midlands, with £57m of that total invested in the past 12 months in new investments and follow-on funding for existing portfolio companies based across the region.

With offices across Birmingham, Nottingham and Milton Keynes, BGF made several investments in the UK’s growing life sciences sector in 2019, including Nottingham-based business incubator BioCity and Cambridge-based life sciences business Fluidic Analytics.

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