British Patient Capital announces a cornerstone commitment of $65m to SV Health Investors’ latest fund, SV7 Impact Medicine Fund (IMF), to turn scientific breakthroughs into biotech companies producing high impact precision medicine drugs for poorly treated diseases.

Neurovalens, a global healthtech company headquartered in Belfast and San Diego, has raised £5.1 million in funding, led by IQ Capital. Wharton Asset Management Company, The Angel CoFund (ACF), Techstart Ventures, Clarendon Fund Managers, and the Government’s Future Fund also contributed to the funding round, which will be used to expand on the success of Neurovalens’ initial clinical trials and develop the technology’s application for other conditions.

Withers tech has represented Draper Esprit, one of Europe's leading VC funds, on the Series C funding round in fraud detection business Ravelin.

Private equity firms invested in a record 464 companies in Central and Eastern Europe in 2019, with investment increasing by 7% year-on-year to €2.95 billion, as the industry strengthened its commitment to the SMEs and start-ups that are fueling the region's economic growth and innovation, according to Invest Europe data.

Norgrove Building Supplies, based in Kidderminster, has secured a significant investment from the Midlands Engine Investment Fund (MEIF) Equity Finance Fund, managed by Midlands-based venture capital firm Midven. The well-established business specialises in supplying a wide range of building materials to the construction sector. In 2017, the company was acquired by entrepreneur Jack Norgrove and since then has grown its site capacity and product range.

Drover, the European leader in car subscriptions, announces a £20.5 million investment. The investment has been co-led by new investors Target Global, RTP Global and Autotech Ventures. Additional new investors are Channel 4 Ventures and Rider Global. Existing investors Cherry Ventures, BP Ventures, Partech, Version One and Forward Partners also participated in the round.

SDG500, a pioneering USD$500 million investment platform dedicated to helping achieve the Sustainable Development Goals (SDGs), has secured a new EUR 5 million commitment from the Government of Côte d'Ivoire. Lacina Koné, the Chief Executive Officer of SmartAfrica, made the announcement in a tribute address honoring the former Prime Minister of Côte d'Ivoire and his mentor, Amadou Gon Coulibaly, who passed away on July 8 2020.

Foresight Group LLP, a leading independent infrastructure and private equity investment manager, has announced a £1 million growth capital investment into Ajenta Limited, a provider of specialist video conferencing services to schools, colleges and universities and other public sector organisations.  This is the fifth investment made by the £20 million Foresight Scottish Growth Fund, which is financed by the Scottish Growth Scheme through a combination of Scottish Government funds and the European Regional Development Fund.

Loss adjusting and claims management specialist GHG Limited near Southampton has funded its primary buy-out by securing a £7m equity investment from YFM Equity Partners. The deal, with a total value of £17m, is the first from the PE house’s £80m Buyout Fund II and marks the second investment made by YFM since the coronavirus pandemic began, following on from its investment into vehicle safety systems business ISS. 

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