Stratford-upon-Avon-based Fenix Rail Systems has secured new backing from Midven, through the Midlands Engine Investment Fund (MEIF).  The investment is set to support the company’s ongoing operations and growth aspirations and will allow Fenix to bid for larger contracts as well as respond to the anticipated enhancements of the rail industry expected in the coming years.  

Aiven, a software company that combines the best open source technologies with cloud infrastructure, has announced it raised $100M in its Series C, bringing the company’s total investment to $150M at a valuation of now more than $800M. The round was led by Atomico, with participation from Salesforce Ventures and World Innovation Lab as new investors. Lead investors of Aiven’s Series A (Earlybird Venture Capital) and Series B (IVP) also significantly increased their capital commitments to Aiven. 

Incode, the next generation identity verification and authentication platform for enterprises in the world, has raised $25 million Series A funding, led by DN Capital and 3L Capital, with participation from Framework Ventures, Walter Ventures, FJ Labs, and DILA Capital. The funds will be used to scale Incode’s technology as well as fuel aggressive growth in North America and Europe, including an expected tripling of headcount.

LawtechUK, the government-backed initiative within Tech Nation to help transform the UK legal sector through technology, brings to a close the Pilot stage of the first Lawtech Sandbox - a research and development initiative for lawtech scaleups - following a successful three month trial period.

Graphite Capital, a leading UK mid-market private equity specialist, is backing Higher Ed International, a fast-growing global online programme manager. HEI partners with universities in the UK, continental Europe, Latin America, North Africa and the Middle East, supporting them in building high-quality online degree programmes.

Scottish Equity Partners portfolio compnay Insightful Science, a  leading software provider serving the global life sciences community, has entered into a transaction to acquire Dotmatics, an industry leading cloud-based scientific R&D data management platform.

An e-commerce software business which allows retailers to sell through multiple online channels has undergone a management buy-in led by an award-winning business leader.

Elizabeth Gooch MBE will now take on the role of CEO of Expandly. The deal, which also gives the Milton Keynes-based business access to £750,000 investment to support its further growth, was backed by a group of private investors; as well as existing investor the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF); and the government’s Future Fund.

Deepbridge Capital investee company, VoxSmart Ltd., a global leader in communications surveillance, has successfully closed a $25 Million growth equity financing round

Arbolus, the expert knowledge platform is delivering the future of work through innovative tools to support the knowledge sharing process and has raised $6m investment, led by Fuel Ventures, in order to scale the platform to serve large enterprises, consultancies and investment firms.

Memory innovator Intrinsic Semiconductor Technologies Ltd has closed a £1.35m seed funding round led by investors UCL Technology Fund and IP Group plc.

The funding will enable Intrinsic to disrupt the $60bn non-volatile memory market by partnering with leading semiconductor research foundry, imec in Belgium, to develop prototypes of its proprietary non-volatile memory devices using industry standard ‘complementary metal oxide semiconductor' (CMOS) processing on 300mm silicon wafers.

Enthuse, the donations, fundraising and events platform, has secured £3.5m investment in its Series A funding round led by Praetura Ventures, the venture capital fund that targets early-stage businesses in high-growth sectors. Co-investors included a consortium of existing investors to the business. This brings the total funding raised by Enthuse to £7.5 million.

Nyobolt, the original founders of ultra-fast charging niobium-based battery technology, has appointed Mark Newman as CCO and Head of Strategy, following recent investment by IQ Capital.