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8th July 2020

Rise in equity investment in NI tech firms revealed by NI Deal Tracker

Investment in Northern Ireland tech companies increased by over 50% last year, with both the number of deals and average value of each investment rising, according to new data published by Catalyst.

The third annual NI Deal Tracker report showed that in 2019 £44.3m in new share capital was invested as part of 61 deals in 55 locally based tech companies, a 54% increase in the value of transactions completed in the previous year.

8th July 2020

GPs feel the strain as LPs push for more transparency

Nearly four fifths (79%) of private equity fund managers expect investors to demand more transparency in reporting on portfolio company performance over the next 12 months, reflecting growing concerns over the impact of the COVID-19 pandemic.

8th July 2020

ProFactor Pharma completes milestone towards treatment of Haemophilia A

Kelvin Capital backed ProFactor Pharma Ltd (PFP), has completed an important development milestone in its research that will transform the treatment of ‘Haemophilia A’.

Based outside Edinburgh at the Easter Bush Campus, the company has received £1.1m (the second tranche of funding from its £2m funding round announced in September 2019) to advance its R&D programme, which is moving closer to toxicology studies for its low cost recombinant human factor VIII (rhFVIII) for the treatment of ‘Haemophilia A’.

8th July 2020

Team raises £100k for device to protect carers of Covid-19 patients

A team of healthcare experts who developed a fast and low-cost way to protect carers working with Covid-19 patients has raised a £100,000 investment.

Mat Campbell-Hill and his colleagues who created the AerosolShield mini-isolation tent have secured the funding from the West Midlands Academic Health Science Network’s (WMAHSN) SME Health Innovation Fund, which is managed by Mercia, and MidTECH Innovations.

8th July 2020

Archangels leads investment in Scottish innovators during lockdown

The Edinburgh-based business angel investment syndicate, Archangels, has led investment of £3.3 million in innovative Scottish companies during the Coronavirus lockdown.  Archangels’ Q2 deals data reveals that three of its portfolio companies – Calcivis, BDD and Reactec – have received follow-on funding during the period, with £1.9m of the committed investment coming from Archangels’ syndicate members and the remaining £1.4m from Scottish Investment Bank (the investment arm of Scottish Enterprise) and from the staff and management teams at the companies themselves.

7th July 2020

TAINA Technology closes funding round to fuel further growth

TAINA a market leading, computer science led provider of flexible and efficient FATCA, CRS and Chapter 3 solutions for banks, online trading platforms and fund administrators has announced the closing of its most substantial funding round yet, welcoming Anthemis, Tribeca ESP, Reciprocal Ventures and SIX Ventures to the TAINA Family.

7th July 2020

Zedify raises £300,000 led by Green Angel Syndicate

Zedify, the network of first and last mile delivery operations across the UK, have recently raised over £300,000 from a group of private investors led by Green Angel Syndicate (GAS). 

The investment signals the confidence investors have placed in Zedify, and the huge market potential for efficient, consolidated first and last-mile urban deliveries. Antoine Pradayrol, who joins the board as investment director noted the pioneering work Zedify has done to demonstrate the business case for using cargo bikes in the burgeoning urban delivery market.

7th July 2020

Used-car platform Cazoo raises £25 million led by Draper Esprit

Draper Esprit has participated in the latest £25m Series C funding round in Cazoo, the UK's leading online car retailer. Cazoo allows customers to buy a used car entirely online and have it delivered to their door in as little as 72 hours.

7th July 2020

ThingTrax Raises $1m to Build the Autonomous Factories of the Future

ThingTrax, a provider of smart technology solutions for the manufacturing industry, has announced the close of a $1m seed round led by SuperSeed, investing alongside industrial specialist Sumaria. Founded in 2015, the company has been working with manufacturers around the world to turn their unconnected factories into smart manufacturing hubs. Using cloud computing, IoT, AI, and most recently computer vision, to connect machines, workers, and robotics to improve efficiency.

6th July 2020

British Patient Capital makes €57m commitment to Kennet fund

British Patient Capital, a subsidiary of the British Business Bank, has made a cornerstone commitment to Kennet’s fifth fund as it announces its €223m ($250m) close.

Kennet specialises in investing in established, high growth technology companies which are founder-owned and ‘bootstrapped’ – built without significant external capital. Typically, investment from Kennet is the first external funding that companies receive and is primarily used to support international expansion, enabling companies to meet the global market opportunities often associated with Software as a Service (SaaS) business models.

6th July 2020

InoBat Auto secures €10m investment from CEZ Group

Europe’s leading R&D and electric battery production company, InoBat Auto has secured additional EUR 10m investment to fund the development of a first-of-its kind 100 MWh R&D centre and production line in Slovakia.

6th July 2020

Playfair Capital leads £1m funding in employee benefits provider Heka

Playfair Capital backed Heka (previously GoSweat), confirms the launch of its new website and benefits platform on the 24th of June. Fit for the Covid-19 era and beyond, the all-new platform features an improved user and HR experience.

The company recently completed its pre-seed funding round. Exceeding their target of £750,000, and successfully raising £1 million within two months of starting their raise.

The round was led by Playfair Capital with participants including experienced Angels, ex-professional athletes, mental health experts, as well as the founders of Thomson’s Online Benefits.

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