Mafic, a leading UK construction technology company, has secured a major investment in its innovative Safeguard Internet of Things (IoT) solution for the construction sector. The investment from Errigal Contracts, a market leading construction company, will enable Mafic to further develop the wearable Safeguard devices through implementation with workforces, on vehicles and in materials at key customer sites.

Trojan Energy, the clean energy company, has secured a late seed round investment of £2.2 million to roll out its unique, flat-and-flush on-street EV (electric vehicle) charging hubs and develop further commercial applications of its technology.  The round was led by Scottish angel investors Equity Gap, and includes investment from Scottish Enterprise, SIS Ventures and Aberdeen-based angel investors Alba Equity.

Reactive Technologies, the UK and Finland based grid technology company, has announced a new group of investors as part of a $15M fundraise – the business’ largest ever. The funding round was led by the UK & Ireland’s most active investor, BGF, alongside Breakthrough Energy Ventures, and Eaton.  Reactive will use the proceeds to expand its international activities and export its technology to countries around the world that are experiencing rapid renewable energy growth and already beginning to manage the challenges of decreased grid stability caused by a loss of inertia. 

Palamon Capital Partners has announced that its portfolio company, connected insurance service provider FairConnect, has signed an agreement to acquire G-Evolution from Groupama Assicurazioni Italia. 

Ryde (formerly Ryders), the SaaS (Software as a Service) platform for last-mile delivery, has raised £2.5m to continue to expand its vision to become the world's first fully integrated delivery management system.

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund has supported water filter treatment technology business, G2O Water Technologies Limited with a £250,000 follow-on investment.  Since the original investment  in 2018, NPIF has invested a total of £970,000 to support the business following a period of growth which has included creating a further facility at Sci-Tech Daresbury, expanding its team and customer reach and developing its product portfolio.

The EQT Mid Market Europe fund has agreed to sell Utimaco Verwaltungs GmbH to SGT Capital, a global alternative asset manager with offices in Germany and Singapore.

Forefront RF, a Cambridge-based fabless semiconductor company, is set to change the way global smartphones, wearables and IoT Devices are designed. The Forefront RF chip enables connected devices to operate across the increasingly wide range of 3G to 6G mobile telephony frequency bands.

Ultrafast laser manufacturer Chromacity has completed a growth funding round of £1.2 million. Contributors to the round include existing investors, Kelvin Capital, EOS and the Scottish Enterprise, as well as new investor ESM Investments.  Chromacity, which develops ultrafast fibre lasers for a wide range of scientific and industrial applications, will use the funding to expand the company’s workforce, particularly within its manufacturing and R&D divisions.

Karshare, the community car-sharing app, has announced a £3million pre-series A round. In addition to existing strategic investors Fullbrook Thorpe, Adjuvo Syndicate and other angel investors Karshare is delighted to announce a significant investment by Saracens Football Rugby Club owner Nigel Wray.

LawtechUK has published a feasibility study and proof of concept for a new technological approach to the late payment challenges facing British business  – an ‘SME online dispute resolution’ platform, produced in partnership with a consortium of legal, technology and alternative dispute resolution experts from the University of Oxford, Oxford Computing Consultants, Resolve Disputes Online and Jur. 

International web hosting business, Miss Group has acquired Spanish-based ADW Europe SL as part of its ambitious buy and build strategy.