BGF is formally supporting The Diversity Project in its mission to accelerate progress in achieving a more inclusive culture in the investment and savings profession.

As businesses start to emerge from the coronavirus crisis, BGF recognises that it is time to intensify efforts to create inclusive cultures and that diverse perspectives are needed to deliver answers to complex issues faced by the industry.

Medefer, the b2b virtual healthcare provider that is reimagining the old-fashioned outpatient system, has announced a £10m funding round led by private investment firm Nickleby Capital. The growth funding will be used to invest in people and technology to service new contracts, enable new product development and ensure scalable and robust growth from its strong pipeline. The company, founded by NHS consultant Dr Bahman Nedjat-Shokouhi - who still works in the NHS - has been recognised as one of the top 100 most exciting digital health companies in the UK, by the DTI.   

WestBridge has appointed Katherine Bond as investor relations director as the firm prepares the pre-marketing of its third fund.

She brings 20 years’ experience in the private equity sector, most recently as a consultant at Cadence Equity Partners and at Keyhaven Capital Partners, where she was a partner.

E-commerce platform Moteefe has raised $11 million during their latest funding round.

The round was led by GBF with participation from existing investors, including Gresham House Ventures and Force Over Mass Capital.

A healthtech business with an app that helps patients communicate with clinicians remotely has raised a further £2m to help expand its use.

Advanced Digital Innovation (ADI) has raised funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, the UK government’s Future Fund and the company’s Chair and founder Bob Gomersall.

QuadSAT, a Danish company that is revolutionising test and measurement of satellite antennas, has closed a €2 million Pre-Series A Investment, the largest venture investment in a Danish drone tech company in history. The round was led by Seraphim Capital, the world’s first venture fund dedicated to SpaceTech, Vaekstfonden, the Danish state’s investment fund, and Angel Investor, Helge Munk.

Yotta Capital Partners, the first French private equity team dedicated to Industry 4.0, announces the completion of the first closing of the Yotta Smart Industry fund at €101 million at the end of July, exceeding its initial objective. The fund is now targeting a final amount in excess of €120 million. Yotta Smart Industry will focus on French industrial SMEs to assist them in their transition towards the 4^th Industrial Revolution megatrend, becoming more competitive, more international and more carbon efficient.

Finnish venture capital firm Superhero Capital has announced the first close of its second fund at €30M. The fund will make seed investments in Finland and the Baltics and aims to invest in 25 startups over the next 4 years. The fund will remain open for new investors until the end of 2020.

The Office for National Statistics (ONS) has revealed new statistics that show the UK economy has grown by 6.6% in the month of July. This news will be welcomed by many businesses owners as consumers regain their spending confidence. 

Luke Davis, CEO and founder of IW Capital, discusses how enterprises can scale and grow despite the pandemic.

Riverside Europe, a global private equity firm focused the middle market, has invested in Germany-based Evint, a workforce management software provider.

ThoughtRiver, the market leader in automated contract review and pre-screening, has announced $10M (£7.5M) in Series A funding. The round is led by Octopus Ventures, a leading European venture capital firm which invests in technology innovation leaders.   The investment comes after ThoughtRiver achieved record growth over the past twelve months. It recently signed contracts with some of the world’s leading companies, including giants such as G4S, Singtel, and DB Schenker. 

Warwick-based energy consultancy Utility Stream has obtained a significant investment from the Midlands Engine Investment Fund (MEIF) Equity Finance Fund, managed by Birmingham venture capital firm Midven.

Utility Stream provides companies with simplified and sustainable energy solutions. The new funds will allow the firm to create a number of roles for business consultants and account managers in Warwickshire and nationally.