Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has announced its fifth deal for the Low Carbon Innovation Fund 2 (LCIF2). The investment in Kubos Semiconductors is part of a £760,000 round.

Private equity firm NorthEdge has backed the primary management buyout of Altia-ABM, a specialist investigation and covert operation software business.

Nottingham and Glasgow based Altia-ABM develops specialist investigation software for government departments and law enforcement agencies in the UK, Canada and Australia. The firm, which predominantly works with customers in the public sector, allows police forces and investigation teams to automate processes using technology, which reduces time and money spent on investigations and improves prosecution rates. 

M Squared, the photonics and quantum technology developer, has raised significant new financing of £32.5m as it expands its backers to support its growth and technology developments. 

Icelandic airline software vendor Dohop has raised an undisclosed growth equity round from Scottish Equity Partners (SEP). With this investment, Dohop will be able to accelerate its plans to transform how airlines and other travel providers enable passengers to build complex itineraries as the global travel industry transforms in the wake of the Covid-19 pandemic.

BGF has completed a multi-million pound investment for a minority shareholding in a Teesside-headquartered Engineering Information Management (EIM) software company, Datum360, to accelerate growth and address significant market demand.  

Datum360’s software platform connects disparate systems, providing a trusted data backbone which manages the life cycle of critical engineering and asset management data for a range of blue-chip customers from the fields of energy, mining, utilities, road and rail infrastructure.

Elmtronics, the leading independent provider of charging points, has raised  £1.5 million funding from the North East Venture Fund (NEVF) and the Ingenious Infrastructure Ventures EIS Service.

The investment, which follows the announcement that the government is to ban the sale of new petrol and diesel cars from 2030, will allow Elmtronics to step up its work in underserved UK regions.

Based in Consett and with offices in Bristol, Manchester and London, Elmtronics supplies and installs public charging stations as well as those for homes and businesses. Its clients include Nike, the NHS, National Grid, FedEx, Taylor Wimpey and a number of city councils.

Performance marketing technology provider Envolve Tech has successfully closed its latest funding round for a total of £720,000. The vast majority of investment was provided by private investors, including several prominent members of the performance marketing industry from the Thorium Technology Investor Network. Additional investment came from the female angel investment network Angel Academe.

TransferGo, one of the world’s fastest growing money transfer companies, has received £4m in financing from Silicon Valley Bank UK Branch (SVB), the bank of the world’s most innovative companies. This will enable the business to further develop and expand its real-time payments platform for consumers, SMEs and enterprise clients.

YFM Equity Partners has boosted its growing portfolio of high-growth technology businesses with an investment into award-winning marketing automation platform, Force24.

Force24 is a cloud-based marketing automation platform that allows an in-house marketing manager to deliver personalised marketing campaigns with Customer Relationship Management (CRM) integration. The platform is already trusted by a number of  household brands including Michelin, Tarmac and BBC Children in Need, to deliver over 900 million marketing emails so far this year, and the business saw turnover leap by 40% from 2018 to 2019, with revenues expected to reach over £3.5m this year despite the economic impact of the global pandemic.

Hams Hall Sustainable Energy has secured an £800,000 loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners.  The company is set to use the funding to support the delivery of new contracts, including purchasing and installing a sustainable energy system for a Birmingham-based blue-chip customer. 

Livingbridge has agreed the sale of Giacom, a specialist cloud services marketplace which provides cloud services to SMEs via the Information Technology Consultants ('ITCs') community.

Cambridge-based agritech company KisanHub has raised £1.12m for its seed to sale connectivity platform that is accelerating the pace of digital transformation of the agri-food industry. KisanHub’s supply chain management platform makes use of big data and machine learning in order to help growers, field staff, procurement managers and management teams make informed decisions.