Other Mind, Inc. the first intelligent assistant that simplifies your digital life, has closed its seed funding round. The capital raise closed at USD $640,000. Other Mind will use the funding to finalize platform development and drive product enhancements and testing, with a view to launching in late 2018. 

Fascinating blog this week by Simon Murdoch. Read his insight on  funding from his 20+ years experience in the industry.

Mercia Technologies investment, VirtTrade, has secured a partnership with Formula 1 to join its growing roster of digital initiatives, aimed at providing innovative new methods for fan engagement in the sport.

VirtTrade is a developer and publisher of digital trading cards and works with licensors to create high quality engagement apps for fans. The VirtTrade platform allows fans around the world to pursue their passions by collecting digital cards, making trades and competing in games.

BitSight, the Global Standard in Security Ratings, has closed $60 million in Series D funding, bringing the company’s total funding to $155 million. BitSight’s Series D financing was led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital and Singtel Innov8. The financing enables BitSight to continue its rapid global expansion and extend its portfolio of market-leading security risk management solutions, while further validating BitSight’s leadership position as the global standard for security ratings.

BP has entered into an agreement to purchase Chargemaster, the UK’s largest electric vehicle (EV) charging company. Chargemaster operates the UK’s largest public network of EV charging points, with over 6,500 across the country. It also designs, builds, sells and maintains EV charging units for a wide range of locations, including for home charging.

Specialist investment manager Oxford Capital has announced the launch of its Residential Development Bond. It is a co-investment alongside Oxford Capital managed funds, allowing investors to leverage Oxford Capital’s due diligence and deal flow.

A Hull healthtech start-up which has developed an award-winning device to enhance mental wellbeing has secured a £200,000 investment from NPIF-Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund.

Moodbeam’s wearable device allows users to log their mood and monitor their emotional wellbeing – or that of their children, students, patients or employees. The device, which links to an online and mobile platform, gives insights into how moods change over time, showing patterns and trends that can support positive change. The funding will allow the business to put the device into production.

NPIF - Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has invested £12 million in dynamic growth businesses across the Northern Powerhouse region since it launched, driving economic prosperity and supporting the creation of over 200 jobs. Following such a significant milestone, Maven has strengthened its team with the appointment of senior investment specialists Andy Round and Karen de Meza to increase the level of support to local companies across all stages of the investment process and for ongoing business support.

Chelverton Asset Management has completed its third transaction of 2018 on behalf of Members of its Investor Club service, with a £1m growth capital investment into Reading-based iDefigo.

SmallBusinessPrices.co.uk has compiled a list of the top 5 rising tech hubs in the world.  Boulder, Colorado in the United States tops the list highest business valuations and amount startup investors.  The top five covered 5 out of 7 of the world’s continents. For Europe, Sweden’s capital, Stockholm topped the list and Bangalore in India took the hotspot for Asia.

Ten years of investment, ten years of innovation: over the past decade, Robert Bosch Venture Capital GmbH (RBVC) has made a string of successful investments in tech start-ups.

The round was led by Insight Venture Partners, a New York-based venture capital and private equity firm. Felix Capital, the London-based venture firm who led YOOBIC’s Series A in November 2016, also participated.