Mollie, one of the fastest growing payment service providers in Europe, has announced the closing of €90 million (US$100 million) in its Series B funding round, taking the total amount raised by the company to €115 million. The round was led by TCV, one of the largest growth equity investors focused on technology. Mollie will use the funding to accelerate international expansion and invest in product and engineering, helping it to realise its vision of becoming the most-loved payment service provider (PSP) in Europe.

AppyWay, the leading kerbside management and smart parking technology firm, has announced the launch of its £20 million Series B funding round. This will be used to support organic growth of the platform, strategic acquisitions, further technological investment and international scalability.

AppyWay is helping to digitise and integrate what is a highly fragmented, but high potential, market for mobility. In the UK, the government has invested well over £200 million into connected and autonomous vehicles (CAV) research and development since 2014, as well as several billion pounds into infrastructure investment for electric vehicles. 

ACT Genomics has announced the completion of the first closing of the latest round of equity financing from a group of strategic investors including Aflac Ventures LLC and Kyoto University Innovation Capital.

Mercuryo.io - a fast-growing Estonian startup that bills itself as a European leader in cryptocurrency payment processing solutions closed a €2.5m seed funding led by Target Global, a major international VC fund with €800m+ under management. Mercuryo.io is a cross-border payments network that enables businesses across the world to send and receive payments for goods and services using cryptocurrencies. Its infrastructure provides solutions for virtual accounts, business payments, remittance processing, and mass payouts regardless of local payment methods and currencies. 

British Business Investments Ltd, a commercial subsidiary of the British Business Bank, has made its fourth commitment through its £500m Managed Funds Programme.

The cornerstone commitment of up to €75m is being made to manager Isomer Capital’s second fund, Isomer Capital II. The fund will be targeted at early stage venture capital managers across Europe, that invest primarily into early stage tech companies. Isomer II will also pursue a co-investment strategy, investing alongside its fund managers, with additional capital made available for the most promising, high-growth companies from the underlying portfolio.

BGF, the UK and Ireland’s most active investor in growing businesses, invested £15m into Yorkshire Wildlife Park (YWP) just before lockdown.  Despite the well-documented challenges facing the business and wider sector, BGF has supported the Park and enabled the expansion development to continue. Based on visitor reviews, this week YWP was ranked within the top 10% of visitor attractions globally by the Travellers’ Choice Awards.  

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.  The Yorkshire-based company says the pandemic has boosted interest in its MyPathway app, which removes the need for appointment letters and calls, allowing patients to agree care plans with clinicians, who can then monitor their progress and receive feedback.

Turquoise, the London-based merchant bank specialising in energy, environment and efficiency, has announced its latest investment through Low Carbon Innovation Fund 2 (LCIF2) in Spark EV Technology.  The investment, worth £160,000, is part of an ongoing £530,000 funding round for Spark EV Technology. This will support the company’s automotive market growth, assist business development efforts into China and expand its reach to European and North American customers. Harnessing live data and machine learning, Spark’s AI-based software produces highly accurate, personalised range predictions for electric vehicles. 

Enigma Holdings has invested £500,000 seed funding in Crowd Network, a new audio-on-demand network in Manchester. Comedian and entrepreneur John Bishop has invested alongside Enigma and will be launching a podcast with Crowd in September. Enigma is an investment company focused in the areas of Health, Wellbeing, Sport, Learning, Community Programs and Social Housing. It was seed funded through a Family Investment Company and reinvests returns into growth capital and new projects 

Reachdesk, a direct mail and corporate gifting software platform for B2B companies, has announced a $6 million funding round led by Five Elms Capital to further expand throughout the US, Europe and Asia Pacific. Reachdesk enables sales and marketing professionals to create, manage, scale and measure the ROI of their direct mail and gifting campaigns in one place by integrating offline channels to a company’s existing marketing tech stack. Reachdesk was founded in London by Alex Olley, Meelan Radia, Jay Radia and Alex Santos in 2018. The company is now headquartered in New York.

Private equity-backed soft drinks manufacturer Clearly Drinks is to invest in a new canning facility at its Sunderland headquarters following support from NorthEdge.  The multi-million-pound investment is set to provide state-of-the-art canning capabilities, designed by BW Integrated Systems, allowing Clearly Drinks to manufacture 160 million cans each year. This will enhance Clearly Drinks’ product offering and packaging flexibility, allowing it to widen its customer base which currently includes Tesco, Sainsbury’s, Booker and One Stop. 

Moteefe, the ecommerce platform providing infrastructure, customisation and global fulfilment for retailers of all sizes, has successfully completed an $11M funding round. New investor BGF led the round with participation from existing investors including Gresham House Ventures and Force Over Mass Capital.