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29th January 2020

Business Angels Back Eleven Companies in Northern Ireland

Eleven fast growing businesses have secured £2m of funding from HBAN (Halo Business Angel Network) Ulster Business Angels during its first year of operation in Northern Ireland.

29th January 2020

HBAN supports £2.75 million funding round for tech firm Thrive

Thrive, the Belfast-based provider of employee communications software and support, has secured strategic investment to help facilitate its plans to grow users fourfold to one million by 2022. The company is also initially creating 10 new jobs in marketing, software development, and customer care.  Thrive provides software and support to make employee communications easy and cost-effective. Its client-base includes councils, healthcare companies, manufacturing businesses, food firms, retailers and other organisations across the UK, Ireland and internationally.

29th January 2020

Half of UK firms expect Brexit to positively impact business

Half of UK firms (51%) expect geopolitical tensions, such as Brexit, to have a positive effect on their business in 2020, 

29th January 2020

Foresight Williams invests £1.5m in VR/AR company Masters of Pie

Foresight Group and Williams Advanced Engineering have made a £1.5 million investment into enterprise collaboration and virtual reality /augmented reality software company Masters of Pie Ltd.  The Foresight Williams Technology EIS Fund led the funding round, which included Robert Bosch Venture Capital, and follow-on funding from existing investor Downing Ventures.  The Masters of Pie technology allows VR and AR to be more efficiently used by professionals working in immersive design, production, review and training, across multiple enterprise verticals.

29th January 2020

Barclays launches largest ever loan cashback scheme to boost UK SME investment

Barclays has launched of a new cashback scheme for term loans to eligible SME borrowers in the UK. Supported by a £450m ENABLE guarantee from the British Business Bank, this scheme is the largest of its kind to launch in the UK. 

The British Business Bank’s ENABLE Guarantee programme helps banks to increase their lending to smaller businesses by reducing the amount of capital required to be held against such lending[1]

One of the key benefits of the ENABLE programme for customers is that Barclays will offer qualifying SMEs cashback on eligible lending, with the intention of supporting SME growth in the UK. 

29th January 2020

Blackfinch invests £650k in predictive marketing start-up Cyance

Blackfinch has invested c.£650,000 in Oxford-based company Cyance, founded in 2007. Cyance helps business-to-business (B2B) clients forecast customer buying behaviour through its predictive analytics software.

Cyance’s pioneering behaviour-based marketing technology platform ‘Nexus’ is an Artificial Intelligence-powered platform for intent marketing. It enables businesses to target their customers with laser focus. Nexus can interpret and understand the behaviour of users browsing over 50,000 partner websites. It detects the digital footprints that businesses are leaving online, allowing clients to accelerate their sales along with their marketing return on investment (ROI).

28th January 2020

24Haymarket participates in round to support proSapient’s rapid growth

proSapient, the Expert Network and Primary Research Platform, has raised new equity capital to support its rapid growth. The round was led by 24Haymarket and existing investors.

28th January 2020

Stephen Welton appointed Executive Chairman of BGF

BGF is to appoint Stephen Welton, founder CEO of BGF, to the new role of Executive Chairman. 

28th January 2020

Investment syndicate Kelvin Capital reports record year in 2019

Glasgow based investment syndicate Kelvin Capital has seen a 19% increase in its total investments in 2019, compared to 2018 levels.  The record figure saw £12.5m being invested, up from £10.5m in 2018, with new syndicate members joining from Europe and the Far East.

In the last quarter of 2019 alone, £2.75m was invested in Scottish based businesses including £1m into hydrogen technology company Logan Energy.  In the first quarter of 2020, £3.3m of new investment has already been committed to portfolio companies.

28th January 2020

Foresight invests £16.8 million in specialist property lender Signature

Foresight Group is supporting the MBO of Signature Private Finance Holdings Limited from private equity firm, Cabot Square Capital, with an investment of £16.8 million to secure a majority stake in the Company.  Foresight will also provide an initial £5 million revolving credit facility for the specialist property lender.  Signature has also updated its brand, becoming Signature Property Finance, to better reflect its market offering.

27th January 2020

IGF wraps up a successful 2019 with more than £126m funds committed

Independent Growth Finance (IGF), a leading independent commercial finance provider, has entered the new decade in style with seven new clients signed in December and £126 million funds in use. Despite a turbulent year for SMEs across the UK, IGF’s funds in use have continued to grow at pace.

27th January 2020

WestBridge promotes Tim Whittard to Partner

Private equity firm WestBridge has promoted Tim Whittard to partner. 

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