TAINA a market leading, computer science led provider of flexible and efficient FATCA, CRS and Chapter 3 solutions for banks, online trading platforms and fund administrators has announced the closing of its most substantial funding round yet, welcoming Anthemis, Tribeca ESP, Reciprocal Ventures and SIX Ventures to the TAINA Family.

ThingTrax, a provider of smart technology solutions for the manufacturing industry, has announced the close of a $1m seed round led by SuperSeed, investing alongside industrial specialist Sumaria. Founded in 2015, the company has been working with manufacturers around the world to turn their unconnected factories into smart manufacturing hubs. Using cloud computing, IoT, AI, and most recently computer vision, to connect machines, workers, and robotics to improve efficiency.

British Patient Capital, a subsidiary of the British Business Bank, has made a cornerstone commitment to Kennet’s fifth fund as it announces its €223m ($250m) close.

Kennet specialises in investing in established, high growth technology companies which are founder-owned and ‘bootstrapped’ – built without significant external capital. Typically, investment from Kennet is the first external funding that companies receive and is primarily used to support international expansion, enabling companies to meet the global market opportunities often associated with Software as a Service (SaaS) business models.

Europe’s leading R&D and electric battery production company, InoBat Auto has secured additional EUR 10m investment to fund the development of a first-of-its kind 100 MWh R&D centre and production line in Slovakia.

Investors and experts predict that in 2020 this will reach a record figure, boosted by an interest in the sector after Covid-19

Playfair Capital backed Heka (previously GoSweat), confirms the launch of its new website and benefits platform on the 24th of June. Fit for the Covid-19 era and beyond, the all-new platform features an improved user and HR experience.

The company recently completed its pre-seed funding round. Exceeding their target of £750,000, and successfully raising £1 million within two months of starting their raise.

The round was led by Playfair Capital with participants including experienced Angels, ex-professional athletes, mental health experts, as well as the founders of Thomson’s Online Benefits.

Willa, the fintech startup dedicated to helping freelancers get paid on time without the associated admin and hassle, has raised a $3 million seed round led by the EQT Ventures fund. With the investment, Willa is set to launch Willa Pay to provide its community of creative freelancers with an easier way to get paid with no paperwork or risk. The Willa team is on a mission to ensure these creative communities can optimise their working conditions, spend less time on paperwork and - most importantly - get paid for the work they have done.

Specialist technology investor Par Equity has led a consortium that has invested £800k in Publisher Discovery, a provider of services for online advertisers.

Publisher Discovery supports the growing performance or “affiliate” marketing space by helping companies that advertise online target potential customers more accurately. It uses AI technology to monitor millions of websites, ranking them by relevance and traffic to increase efficiency for advertisers and reduce frustration for browsers. Publisher Discovery holds two patents for its AI technology and is currently applying for a third.

Nanotechnology business, MIP Diagnostics, has completed a £5.1m funding round to accelerate its global expansion. The co-investment has come from Mercia Asset Management, a founding investor and the largest shareholder in the company, and was led by Downing Ventures (£1.4m), BGF (£2m) and Calculus Capital.

Growth capital investor VGC Partners has promoted Andrew Lister to partner. This promotion further strengthens VGC’s leadership team in order to support investment of its main £50m fund, which backs high-growth consumer, media and technology businesses.

Envestors has secured £2m in funding to grow its digital marketplace for start-up investment, The marketplace, powered by Envestors’ white-label investment platform Envestry, facilitates the investment process for all parties, making it easier for start-ups to raise investment and for investors to build diverse portfolios.

Partnering with networks, accelerators and incubators, Envestors provides a branded site where they can engage investors, promote deals and uniquely connect to other networks.

6 Bit Education, a company spun out of the University of Birmingham, has received investment to pilot an AI-based marking system that learns how maths, physics and statistics teachers give feedback, so they never have to mark the same answer twice.