Maven Capital Partners has completed a £2.5m investment in Precursive, a software as a service (SaaS) company which allows clients to manage a wide range of business processes effectively on a single, easy-to-use platform.

Founded in 2011, Precursive is a strategic partner of Salesforce, the world's largest provider of customer relationship management (CRM) software. The company helps businesses in the agency, consulting, technology and professional services sectors operate more efficiently by automating admin-heavy and time-consuming processes such as resource management, project planning, accounting, forecasting, reporting and client onboarding. Precursive is based in London but has a presence in the USA, Spain and Poland, as well as a growing list of blue-chip clients including GoCardless, Mitel, GoCardless, SES and Vidyard.

IW Capital has announced the completion of a £2 million investment in GPDQ, providing a welcome boost to healthcare provision in the UK as demand surges during the Covid-19 pandemic.

Leading distributed solutions specialist Applied Blockchain has completed a £2 million funding round lead by Hong Kong based venture capital firm QBN Capital. The newly-injected funds will be invested in developing a platform using privacy enhancing technologies to help companies to collaborate and generate meaningful outcomes together, without having to share any of their data.

British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15m commitment to Par Equity as the latest partner in its Regional Angels Programme.

QVentures has announced that it will lead the funding round for articulate.xyz, a digital app-based service for those wishing to speak languages clearly and fluently.  Using the latest language and voice processing technologies, articulate.xyz is developing a self-serve EdTech application that emulates an immersive learning environment, helping users to improve their verbal communication in a language. As users read text within the app, the app listens, highlights potential improvements and an assistant helps users to sound out words. 

79 SME property developers have benefitted from investments totalling £100 million for 112 property development projects

Startup Funding Club has led a £250,000 seed round into fintech company Ember. The accounting software startup strives to make business simpler for contractors and SMEs by automating the entirety of the business administration and tax process.

UK-founded marketing technology company ContentCal has secured a £2.5 million investment from early and growth stage investor Fuel Ventures with participation from existing shareholders. The new funding will be focussed on driving customer growth, product innovation and doubling the size of the team.  With the new investment, ContentCal’s mission is to continue to build and scale its content marketing and collaboration platform. The software is designed to make it easy for companies to distribute better marketing content at scale and own their growth through content marketing. This delivers a better marketing experience for customers and drives huge efficiencies within businesses for their content creation efforts.

Zeigo, an innovative energy tech platform which connects corporate energy buyers with renewable energy generators and suppliers, has closed a £800,000 Seed Funding Round led by Naruhisa Nakagawa, founder of Caygan Capital.

Maven Capital Partners and Guinness Asset Management have led a £10 million funding round for Push Technology, the pioneer and leader in real-time data streaming and messaging solutions. This will enable Push to enhance its sales and marketing efforts as well as broaden product development.

Cohesity has comleted a $250 million Series E funding, led by DFJ Growth, Foundation Capital, Greenspring Associates, and Wing Venture Capital. DFJ Growth and Greenspring Associates are new investors as are Baillie Gifford and Sozo Ventures.

The round also includes broad support from existing investors, including Sequoia Capital and SoftBank Vision Fund 1, as well as strategic investors Hewlett Packard Enterprise and Cisco Investments. Cohesity is now valued at $2.5 billion, more than double the valuation from the company’s Series D round less than two years ago. With the new funding, Cohesity’s total funding since inception exceeds $650 million.