Yoti, a UK based digital identity platform, has raised £8m of equity investment from existing angel investors and two of the company’s three founders, Robin Tombs and Noel Hayden. This gives the company an enterprise valuation of £65m. Yoti will use these funds to grow its consumer network, with an aim of reaching 2 million users during 2018.

Sofant, an Edinburgh based developer of smart antenna technology company, has closed an undisclosed investment round. The investment round was backed by Newable Private Investing including Newable Ventures SEIS/EIS fund. Other investors in the round included Kelvin Capital, Old College Capital and Scottish Investment Bank.

Azzure IT has received £2.0million funding from NPIF - Mercia Equity Finance, part of the Northern Powerhouse Investment Fund, to allow it to continue its rapid growth.

The UK again topped European league tables for venture capital investment in 2018, attracting £6.3bn ($7.9bn) in funding from investors, according to new figures from Dealroom and Tech Nation. Over the same period the UK also had a landmark year for exits: achieving sales, IPOs and mergers worth $40bn, ahead of every other country in Europe including Sweden, the source of Europe’s single biggest IPO in 2018.

Mercia Technologies PLC has invested £3.5 million into Intechnica Limited, a business that provides scalable software solutions to manage high and variable website traffic demand, including the removal of unwanted traffic from bots, crawlers and spiders.

AuditComply has become the first business to benefit from technology and investment as part of the strategic partnership between First Derivatives and BGF. AuditComply will use the new funding from BGF and existing investors Clarendon/CoFundNI together with First Derivatives’ Kx technology to accelerate its growth.

Senseye Limited, the leader in predictive maintenance software, today announced it has raised £3.5 million at the close of a Series A funding round led by MMC Ventures, a venture capital fund investing in early stage, high growth companies. The round was also supported by existing investors Breed Reply, IQ Capital and Momenta Partners.

Deepbridge has launched the new Deepbridge Innovation Seed Enterprise Investment Scheme (SEIS) which will provide seed-stage funding to a diversified portfolio of innovative, technology-focused companies.  

Mojiworks, the leading start-up dedicated to creating games for the world’s fast-growing chat and messaging platforms, has raised £2.1 million in funding led by Balderton Capital, Europe’s largest early stage venture capital investor.

MPP Global, a high growth technology business delivering digital monetization services to the media, sport and retail sectors, has completed a £12m ($15M) Series B financing round from Albion Ventures and Grafton Capital.

The fund with the target size of €40 million will invest mainly in Finnish startups offering software to B2B customers. The investors are Finnish institutional investors, foundations, family offices and private investors.

Maven Capital Partners has completed the £6 million management buy-out of ProspectSoft Limited to support the roll-out of the new cloud-based SaaS software – Prospect365.