Clarilis, the high-growth legal technology business, has raised a further £6m in a Series B investment round. The funding has come from its existing investor the Northern Venture Capital Trust Funds which are managed by Mercia,and Gresham House Ventures, investing on behalf of the Baronsmead VCTs.  The funding raised in this round will be used to support Clarilis’ ongoing growth and international expansion.

Research has shown that UK 1 small and medium businesses are owed as much as £50bn in late payments at any one time, with the situation only likely to get worse in the current climate. In response to this epidemic, itsettled, an automated, proven and legally compliant process for SME’s to chase their outstanding invoices has been launched.

TaxScouts, the company making tax preparation effortless for the UK market, has announced a Series A investment round of £5M to further its mission to build a Pan-European Tax Service. The company is expanding into its first market outside the UK and is establishing a team in Spain, following the appointment of a Country Manager. 

Foresight Group LLP, a leading private equity and infrastructure investment manager, has announced a further £2 million follow-on investment into Envair Technology, a provider of containment solutions that facilitates faster and more flexible drug R&D and manufacture across the globe. 

UCL Technology Fund, managed by AlbionVC in collaboration with UCL Business (the university’s commercialisation company and part of UCL Innovation & Enterprise), announces first close of a £100m target Fund 2.

Bramble Energy, the world’s most scalable hydrogen fuel cell company has raised a £5m Series A round. BGF led the round and was joined by existing investors including IP Group, Parkwalk Advisors, and UCL Technology Fund.  Bramble Energy has developed the only technology capable of producing gigawatts of hydrogen fuel cells using existing global manufacturing resources, dramatically reducing the time to market and investment needed versus existing fuel cell designs. Hydrogen fuel cells generate electric power from an electrochemical reaction rather than combustion, thereby eliminating carbon emissions from the power unit and producing only water and heat as by-products.

Enterprise IT managed services organisation DSP and Leeds-based Explorer UK, an Oracle consultancy, development and support provider, have been brought together to form one of the largest independent Oracle partners in the UK. 

To say the world has been shaken in the past four months is an understatement. 

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With the arrival of Covid-19, the vast majority of us have been working from home for the past few months. 

eFront, the leading financial software and solutions provider dedicated to Alternative Investments, has published its latest annual Global Private Equity Performance Series, which shows that Western Europe consolidated its global lead in private equity, with LBO funds further improving their performance during 2019. Overall, 2019 was a positive year for global private equity performance, with most regions seeing rising returns as well as falling risk.

Symetrica, a manufacturer of radiation detection products for military and homeland security applications, has closed a £4 million funding round. The round was led by Parkwalk, the leading investor in startups spun out of UK universities – with participation from other existing Investors and the management team - and includes a provision for a further £2 million commitment from a specialist defence and security investor.