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10th July 2020

Tech investor Colin Batten joins Development Bank of Wales

The Development Bank of Wales has further expanded its technology investments team with the appointment of Colin Batten.

10th July 2020

Luke Johnson invests in British Design Fund and joins investment panel

Luke Johnson, the entrepreneur, investor and Sunday Times columnist, is investing in the British Design Fund and will be joining its Investment Panel. He is currently Chairman of private equity house Risk Capital Partners LLP, Chairman of Gail’s Artisan Bakery chain and on the board of Brompton Cycles.

10th July 2020

 Astrosat collaborates on SPRINT machine learning project with University of Leicester

Astrosat has signed up to the national SPRINT business support programme to develop a new software tool that will automate the analysis of housing construction progress using remote sensing images. SPRINT will provide Astrosat with funded access to expertise from the University of Leicester to develop a machine learning algorithm that will analyse Earth Observation and other geospatial data. This will enable local authorities to support their housing delivery monitoring needs and more effectively forward plan public services.

10th July 2020

British Business Investments commits €120m to support the IT and healthcare sectors

British Business Investments Ltd, a commercial subsidiary of the British Business Bank, had made a commitment to LGT Capital Partners through its £500m Managed Funds Programme.

The commitment will be split across two funds and is the largest to date from the Managed Funds programme, which acts as a cornerstone investor into large scale venture and growth capital funds of funds.

10th July 2020

Traplight secures €8 million led by EQT Ventures

Traplight, the Finnish mobile game studio focused on highly accessible mid-core games, has announced the global launch of its new mobile gaming title Battle Legion alongside an €8 million funding round. Lead investor in the round is the EQT Ventures fund, with participation from Play Ventures and existing investors Initial Capital and Heartcore Capital. The funding will be used to double down on Battle Legion, which merges qualities from both mid-core and casual titles and has already secured exceptionally high engagement metrics and a positive community response.

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).

 

9th 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.

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.

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