Silverfleet Capital, the leading Pan-European private equity firm, has agreed to acquire Microgen Financial Systems Limited, a leading provider of Trust & Fund Administration (T&FA) software to the Trust and Corporate Services industry. The transaction is subject to the approval of the shareholders of the seller, Aptitude Software Group plc.

Sorted, the global delivery experience company, today announces it has secured £15 million in a recent funding round led by Praetura Ventures and NVM Private Equity LLP. This follows earlier rounds of investment from Praetura and NVM, bringing Sorted’s funding to a total of £22m over the last four years.  The funding will be used to accelerate Sorted’s ambitious global product roadmap, following the recent launch of its revolutionary delivery tracking solution, SortedREACT, which joins additional intelligent services in the firm’s product suite: SortedHERO and SortedPRO. 

Suir Valley Ventures, the entrepreneur-led venture capital fund launched in partnership with Shard Capital Partners LLP to invest in early stage software companies across a range of high-tech verticals, is pleased to announce its participation alongside Atlantic Bridge, in a €1.1 million investment round for Ambisense Ltd, the Internet of Things (IoT) and Artificial Intelligence (AI) environmental analytics company. The round was also supported by Enterprise Ireland and a number of private investors.

The Riverside Company, a global private equity firm, has partnered with ACTINEO, the leading German InsurTech Player specialized in bodily injury claims, providing tech-enabled and data-driven services to the insurance industry. 

yulife, the life insurance company which puts wellbeing at the heart of its insurance offering, has announced that it has secured £10 million in Series A funding. The round was led by Creandum Funds, backers of Spotify, iZettle and depop. MMC Ventures and Notion Capital participated in the round alongside existing investors Anthemis Exponential Ventures, RGAX and Israel’s most active venture investor OurCrowd. This new round of funding follows a previous £3m seed-round led by LocalGlobe.

Israeli startup TriEye, whose innovative Short-Wave-Infra-Red (SWIR) sensing technology is able to see in adverse weather and night-time conditions, announced today a $17M Series A funding round, led by Intel Capital. Other investors include Marius Nacht, co-founder of Check Point Software Technologies, and TriEye’s existing investor Grove Ventures, headed by TriEye chairman Dov Moran, the inventor of the USB flash drive and co-founder of M-Systems. Since inception, TriEye has raised over $20M, including a seed investment of $3M led by Grove Ventures in November 2017. 

Finance Durham , managed by Maven Capital Partners, one of the UK’s most active SME finance providers, has, since its launch, invested £3.4 million in 10 dynamic growth businesses across County Durham, driving economic prosperity and supporting the creation and safeguarding of over 250 jobs.

Idinvest Partners, a leading investor in SMEs across Europe, has closed its ISIA Fund (Idinvest SME Industrial Assets) at €340m, surpassing its initial target of €300m by 13%.

Domain Therapeutics has announced that it has secured a €3.5M ($3.9M) investment from existing shareholder Seventure Partners, to accelerate its next growth phase. 

Parkwalk and the UCL Technology Fund are leading a £750k investment into Phasecraft, a pioneering quantum computing company, along with the London Co-Investment Fund.

Syncona Ltd has founded Quell Therapeutics, a new cell therapy company, with a £35 million commitment in a Series A financing of which Syncona has committed £34.0 million with a further £1.0 million being contributed by UCL Technology Fund. Syncona will have a 69.3 per cent stake (1) in the business, with the first tranche of the Series A commitment of £8.3m paid in May 2019.

The Development Bank of Wales’ first full year has helped even more Welsh businesses to grow.  In the financial year ending 31 March 2019 the Development Bank of Wales invested a total of £80m, an increase of nearly 18% on the year before.  420 investments were completed across the whole of Wales during the year – 30% more than the previous 12 months.