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21st August 2018

£500,000 investment to fulfil expansion plans for Ocean Matters

Following a significant loan from the Development Bank of Wales, a north Wales company will save salmon farmers millions of pounds a year while simultaneously supporting efforts of superior sustainability practices. 

Ocean Matters, based at Penmon, Anglesey, is using a natural solution to fight the continuing biosecurity challenges associated with the parasites. It breeds lumpfish, a type of cleaner fish that feeds off sea lice and in doing so provides a cleaner growing environment for farmed salmon.  

20th August 2018

Intelligent healthcare company Rinicare completes financing

Rinicare Limited, a leading intelligent healthcare company has announced the completion of its financing round by welcoming new investors Catapult Ventures and NPIF - Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund.

The funding will be used to support the commercialisation of Rinicare’s digital healthcare portfolio, which is designed to provide solutions that improve outcomes and reduce costs in a number of settings such as emergency, primary and community care as well as progress its AI-powered predictive algorithm for intensive care.

20th August 2018

Roomex raises €8 million led by Draper Esprit

Roomex, an ambitious global travel software business headquartered in Dublin, today announces it has raised €8 million series A funding, led by Draper Esprit.

Co-founded by Jack Donaghy (CEO) and Karl Glennon (CTO), Roomex allows businesses to book hotel rooms globally through its platform, enabling its clients to save time and money by centralising all bookings and invoices in one account. Focused initially on Ireland, Roomex has now grown to cover global travel markets and customers now include Musgraves, Dairygold, Kepak, Mitsubishi and Muller.

20th August 2018

Mercia backed SleepCogni appears in prestigious UK Longevity Report

The developers of a technology that helps clinicians and healthcare professionals to treat people suffering from sleeping problems more effectively has received two high-profile accolades.

 

20th August 2018

AI delivery start-up On the dot lands £8m in funding

On the dot, the machine learning-driven last mile delivery start-up, and part of CitySprint Group, has announced today it has received an additional investment of £8 million from its parent company, which is itself PE-funded. This new round will help fund On the dot’s further growth: product development, senior hires and international expansion, and builds on the £17.7 million invested in On the dot since its establishment in 2015. Globally, more than $11 billion (£8.5 billion) has been invested in start-ups disrupting the last mile delivery market since 2007.

17th August 2018

Inverleith makes further investment in Good Hemp

Edinburgh based private equity fund, Inverleith LLP, has invested further into Braham and Murray Good Hemp, a plant based food and drink brand which manufactures products from hemp seed.

Inverleith LLP invests into consumer brand companies within the health & wellbeing, lifestyle and heritage sectors. It specialises in internationalising and commercialising brands, helping them to realise their full potential. Its Partners are ex Chairman and Chief Executive of Noble Group, Ben Thomson and ex Chief Executive of The Glenmorangie Company and Partner L Capital (LVMH), Paul Skipworth.

17th August 2018

Benefex announces investment from Bain Capital

Benefex Holdings Limited, owner of the market leading employee experience platform OneHub, has announced that Bain Capital Private Equity has signed a definitive agreement for an investment in Benefex. As part of the transaction, BGF, which has backed Benefex since 2011, will exit its minority stake.

16th August 2018

Private equity capital calls shrink to lowest level on record

Private equity fund distributions have outweighed capital calls by a significant and striking degree over the past five years.

Data from eFront, the world’s leading alternative investment management software and solutions provider, shows that since the start of 2013, distributions from private equity funds have remained at historically high levels, while capital calls have fallen steadily to their lowest level on record, when measured as a proportion of committed capital. 

Download the full report, click here.

16th August 2018

BGF to exit minority stake in Benefex

BGF is to exit its investment in employee benefits firm Benefex, the first company to receive BGF funding when it launched in 2011. BGF’s minority stake will be acquired by Bain Capital.

The acquisition will enable Benefex to benefit from synergies with Bain Capital’s investments in the HR technology sector as the company moves to the next stage of its growth strategy. Founder Matt Macri-Waller will continue as shareholder and CEO.

16th August 2018

Demographic shifts create biotech opportunities

Benjamin Matthews, Investment Manager at Heartwood Investment Management, gives his views on the emerging biotech opportunities arising from demographic shifts.

14th August 2018

MMC Ventures announces senior appointments

Venture capital firm MMC Ventures has announced the appointment of senior advisers to help guide the firm’s next phase of growth. Following major investment from the firm into its research function over the last two years, the new advisory board and venture partners will enhance the firm’s capabilities and bring even deeper experience and domain knowledge to bear.

14th August 2018

Mercia Fund Managers finalist at 2018 Growth Investor Awards

Mercia Fund Managers has been shortlisted for Growth Investor of the Year and Best EIS Investment Manager at the 2018 Growth Investor Awards.

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