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13th October 2020

Cloud-based fitness platform Membr secures backing from Maven NPIF

Fit Cloud Technology Ltd, trading as Membr, a fitness focused management software platform that operates in 23 countries worldwide has secured significant investment from NPIF - Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund, to fuel the next phase of its global expansion.  Membr is a full function cloud-based fitness software solution that has produced a simple and efficient digital platform that allows gym owners to manage their members whilst their personal training staff can actively support customers on their fitness journey.

13th October 2020

Pictet Alternative Advisors launches first thematic Private Equity fund

Pictet Alternative Advisors (PAA), the Pictet Group's wholly-owned alternative investment business line, has launched its first thematic private equity fund, which will focus on technology investments.

12th October 2020

Edgify raises $6.5m funding from Octopus and Mangrove Capital

Edgify, a company building AI training frameworks at the edge, has secured a $6.5m seed funding round backed by Octopus Ventures, Mangrove Capital Partners and a semiconductor giant.

Edgify’s technology enables any connected device - known as ‘edge devices’ - to interpret vast amounts of data generated at the edge, train a complete AI model locally, and proceed to share that learning across an entire network of similar devices, thereby training them all to identify unique aspects of a given object for use of computer vision, NLP, voice recognition and any other form of AI. 

12th October 2020

Digital pioneers raise £250k for Bimsense to revolutionise the construction industry

Two construction experts who aim to revolutionise the industry through the use of digital technology have raised £250,000 to bring their smart building software to market.  

Ian Yeo and Scott Pilgrim launched Bimsense four years ago after becoming frustrated by the traditional approach to building design, construction and management. The Hull-based consultancy has advised on major developments throughout the UK and internationally and has now developed its own operations and maintenance software, Operance.

9th October 2020

Tech firm raises £700k from Mercia and MEIF roll-out AI assistants

Humley, a company which develops conversational assistants capable of manning helpdesks and answering technical enquiries, has raised £700,000 to help scale up its operationssecured the investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s own EIS funds and a private investor.

The funding, which follows an earlier round by private investors, brings the total raised by Humley to £1.4m and will allow the Northampton-based company to grow its customer base and revenue ahead of a planned Series A funding round next year.

9th October 2020

BGF responds to market demand with new recruits

BGF, the UK and Ireland’s most active investor in growing businesses, has appointed Liam Pursall as an investor and Georgie Stratton in direct origination as part of its growing team based in the South West and Wales.

Liam joins from Foundation Investment Partners, where he spent four years focusing on UK buy-outs with an enterprise value of between £5 million and £50 million. Prior to this, Liam spent five years in the Corporate Finance team at EY.

9th October 2020

James Anderson joins the Antler advisory board

Antler has welcomed James Anderson to its advisory board. James is the co-manager of the Scottish Mortgage Investment Trust at Baillie Gifford. 

 

8th October 2020

Immersive tech startup Condense Reality raises £800k led by SFC Capital

Condense Reality, a virtual reality startup developing technology to transform how viewers watch live entertainment and sports, has raised a seed round of more than £800,000, including £220,000 from SFC Capital, the most active seed-stage investor in the UK. The remaining funds come from two grant awards, together worth almost £500,000, as well as smaller commitments from RLC Ventures and angel investors. The investment will see Condense Reality increase its R&D capabilities and commercialise its technology over the next 12 months.

8th October 2020

YFM backed Traveltek to launch insight products designed to aid travel sector recovery

Traveltek, an innovative Scottish software business that provides a comprehensive booking platform for the leisure travel sector, plans to launch a suite of data technology products designed to help travel agents and tour operators to gain vital insight into which parts of the sector are seeing the fastest and most sustained recovery in order to better plan their businesses going forward.

8th October 2020

Downing Ventures appoints Joe Raffa as new Silicon Valley Venture Partner

Downing Ventures has appointed Joe Raffa as a Venture Partner as it scales up for global expansion and sector specialization. Joe is an investor and executive with extensive expertise in early stage and Fortune 100 technology companies bringing with him a wealth of knowledge to the Downing team and portfolio companies, as Downing Ventures continues to increase value added across the board.

8th October 2020

Rockley Photonics closes $50 million growth round

Rockley Photonics, a leading integrated optics solutions provider, has closed an additional $50m of growth funding from leading deep-tech VCs, strategic investors, and institutional funds including Credit Suisse backed SIG-i Capital and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., as well as existing shareholders. To date, Rockley has raised over $225m of financing to develop its unique silicon photonics platform.

7th October 2020

Great Point  takes over Seren Stwidios Complex in Cardiff

Great Point, the media investment business run by Jim Reeve and Robert Halmi, has entered into an agreement with the Welsh Government to lease and manage the Seren Stiwdios complex in Cardiff, Wales. 

Great Point will manage the studio for 10 years, with an option to acquire and expand the large studio complex. The deal closely follows Great Point’s recent announcements of the building of Lionsgate Studios in Yonkers, NY, as well as a second studio complex in Buffalo, New York. This third studio signals Great Point’s commitment to expanding its efforts to build and manage state-of-the-art production facilities in key production cities, where pressure on existing studio space is ever-increasing.

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