SimScale, the SaaS platform making high-fidelity simulation technically and economically accessible to engineers worldwide, has raised an additional €25M as an extension to its Series C funding. The investment is co-led by Draper Esprit and New York-based global private equity and venture capital firm Insight Partners, with Earlybird, June, Vsquared and USV also participating in the round. 

NorthEdge-backed Altia has acquired VeriSaaS, a field intelligence and evidence collection software business.

The digital insurer Getsafe received its insurance licence from Germany's financial regulator, BaFin. The licence will allow Getsafe to accelerate its expansion to the rest of Europe.

Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced a follow-on investment by Low Carbon Innovation Fund 2 (LCIF2) in its existing portfolio company, Spark EV Technology. The investment is part of the company’s £250,000 capital raising round involving both existing and new shareholders. 

BGF, the UK and Ireland’s most active investor, has announced a successful exit from Lightfoot, a fast growth business that creates connected vehicle technology. The Exeter-headquartered company has been acquired by Volpi Capital in a deal that has delivered a 3.1x MM return for BGF and an IRR of 51%.

Xergy Group Limited (Xergy) has announced the closing of a £4.25 million Series A+ fundraise to significantly scale-up Proteus, its software-as-a-service (SaaS) work automation management offering.

Managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, NPIF - Maven Equity Finance, has exited Intec Business Solutions; a group offering end-to-end technology consultancy and specialist support services for SMEs.

A UK company that provides an ethical alternative to the ad tracking techniques used by tech giants such as Facebook and Google has raised a £1.5m investment to build its global presence.  CitizenMe has secured funding from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, alongside funds from 1818 Capital and private investors.  The platform was developed in response to concerns over current practices, where consumers’ data is collected via apps or website cookies and may be used by multiple companies for marketing purposes.

Aiven, a software company that combines the best open source technologies with cloud infrastructure, has announced a $60M Series C extension at a $2B valuation, 

Par Equity has made a multi-million pound investment in Artus, the designer and supplier of innovative HVAC (Heating, Ventilation and Air Conditioning) solutions.

Artus’ ground-breaking HVAC system represents a step forward over existing solutions, the technology for which has remained largely unchanged for the past thirty years. It not only transforms the way buildings are cooled and heated but will also significantly reduce the amount of energy consumed and carbon generated.

British satellite scale-up Satellite Vu, founded in 2016, has successfully raised £15 million ($20.7 million), as it looks to ramp up its plans to launch seven thermal and infrared imaging satellites into space that will be able to provide real-time data on how green every building on the planet is.

Flexciton, an optimisation technology company that has developed a unique solution to radically improve the efficiency and productivity of fab manufacturing processes, has announced a £15M Series A investment, led by Nadav Rosenberg (Saras Capital). Flexciton’s solution analyses the real-time data that each fab generates and applies cutting edge technology to decide which actions need to be taken to optimise production