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10th July 2020

Octopus and EQT lead $18.5m funding for Permutive

Permutive, the publisher-focused data management platform, has raised $18.5 million Series B funding, led by Octopus Ventures with participation from EQT Ventures and earlier investors. The company, which works with global publishers, tripled revenue growth last year. The funding announcement comes at an unprecedented time for publishers, as web traffic continues to spike due to coronavirus yet struggles to monetize this readership persist.

9th July 2020

COVID-19 has fuelled insurers' appetite for private equity says State Street survey

State Street Corporation (NYSE: STT) has published new research[1] which reveals that the COVID-19 crisis has fuelled the appetite of insurers 

9th July 2020

Mergermarket releases 1H20 Global M&A report

Mergermarket, the leading provider of M&A data and intelligence, has released its 1H20 report with league tables. According to the new research, the initial effects of COVID-19 were only beginning to be felt across the global economy at the end of 1Q20. However, its full impact manifested in the second quarter, where deal volume nearly halved from 4,308 deals in 1Q20 to 2,630 in 2Q20 and deal values plummeted from USD 592.6bn in 1Q20 to USD 308.9bn in 2Q20.

9th July 2020

Market volatility drives demand for infrastructure says Foresight report

A new study reveals that over half (54%) of financial intermediaries believe that infrastructure is seeing the biggest surge in investor demand among all asset classes in response to the COVID-19 crisis, over twice the number who chose equities (20%) and fixed income (19%) [1].

9th July 2020

Halal Angel Network and Delio form strategic partnership

An angel network that is among the first to penetrate the $5 trillion Halal consumer market has teamed up with UK fintech Delio to digitise the Halal investment market for angel investors across the globe.  Despite the popularity of the Halal market, no angel network has ever streamlined the investment process in the industry before. Halal Angels Network was launched to promote innovation, entrepreneurship and start-ups, and inspire investors across the world to tap into a sector that will be worth $9.71 trillion by 2025 (Reuters, 2019).

 

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.

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