TreasurySpring, the London-based financial technology company that operates the world’s first Fixed-Term Fund platform has secured more than $10m of new investment in a round that was co-led by MMC Ventures and Anthemis Group, with participation from existing investors, including ETFS Capital. The company has now raised more than $15m since its first external capital injection in November 2017. 

YFM Equity Partners (YFM) has sold its stake in FourNet, the award-winning digital transformation and customer experience specialists whose clients include 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England.  The secondary buyout deal backed by Palatine Private Equity generates a 6x return for YFM’s investors in less than four years.

A Birmingham-based machining company has secured a £400,000 loan to help safeguard its 65 employees as well as creating 10 full time new jobs and apprentices over the next two to three years. AE Aerospace secured the finance from the Midlands Engine Investment Fund (MEIF) - provided by The FSE Group, Debt Finance Fund and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

Clir Renewables (Clir), a company dedicated to maximizing project returns from renewable energy assets, has announced the closing of its CAD$27 million Series B funding round, which was co-led by Longbow Capital Inc. and ArcTern Ventures.

Seneca Partners, the specialist SME investment business based in the North West has announced that EIS portfolio company, Manchester-based Wejo Limited, a leader in connected vehicle data, is to go public through a reverse merger with Virtuoso Acquisition Corp (VOSO.O) at an estimated $1.1billion pro forma equity value. Seneca Partners first invested in Wejo via its EIS portfolio service in 2016 and with further funding rounds to assist in the company’s continued  growth .  

Teemyco, the Swedish online office provider, has raised $3.2m from German seed fund 42CAP, who led the round with participation from previous investors Antler, Luminar Ventures and numerous high profile angel investors; Mehdi Ghissassi (Head of Product, DeepMind) and Sameer Singh (Creator of Breadcrumb.vc), who are investing via the 2021 Atomico Angel Programme, and Keith Richman (Co-Founder of Voi & Partner at 31 Atlantic).

Satellite Vu has raised a £3.6m (US$5m) seed round led by Seraphim Capital to launch the world’s first satellite constellation capable of imaging the thermal footprint of any building on the planet every one to two hours.

End-of-life admin service Settld has closed its initial seed funding round with £500,000 of new investment. Investors have been keen to get in on the startup action as Settld’s initial funding round closed £300,000 over-subscribed.  The investment comes as the death-sector disruptor creates waves in the bereavement and death-tech space - automating bereavement notifications and reducing end of life admin stress for grieving families and professionals who support them.

Automated digital content platform LivePreso (formerly known as SalesPreso) has posted a record quarter after landing several new international clients, including one of the UK’s most popular digital travel platforms Booking.com, and global travel company Flight Centre Travel Group. The Melbourne-based startup - which offers a cloud-connected suite of apps designed to automate sales presentations - recorded 43% growth and 100% contract renewal in the March quarter and plans to grow in the UK market this year.

A company which has designed a software platform that helps businesses optimise online recruitment has raised £630,000 to support its growth plans.  Smart Recruit Online secured the funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), and private investors.

Port Talbot-based Deer Technology has secured equity investment totalling £1.32 million and announced a £2.5 million contract win with Wave, a leading retailer in the non-household water market.

Intelligent AI has secured £400,000 in seed funding led by RLC Ventures following successful graduation from the Lloyds Lab Accelerator. The round also saw participation from FomCap, The Gupta Group and a number of UK based angel investors from leading private equity, insurance and property firms.  The company has also been successful in winning £295,000 in Innovate UK grants, matched with its own funding.