Solihull based RoadHow, an app designed to help drivers to become safer and more aware on the road, while potentially saving them money on their insurance, has secured £500k from Midlands Engine Investment Fund (MEIF) WM Equity Finance Fund, managed by venture capital firm Midven (part of the Future Planet Capital group).

The software platform and app, which has been in development for two years, can be used by motorists to test their driving knowledge and aid further learning. Insurers will be able to review and monitor the data collected and offer incentives or discounts on car insurance, adding a new set of data into the insurance pricing and underwriting decision making process.

BGF, the UK & Ireland’s most active growth capital investor, has completed a cornerstone investment in The Artisanal Spirits Company plc, a specialist retailer of premium single cask, single malt Scotch whisky and other spirits, as part of its admission to trading on AIM. The admission took place on 4 June 2021.

House of Insurtech has secured £400k in a seed round led by SFC Capital and supported by follow-on funding from its existing Angel investors. 

The funds will be used to build out the sales and marketing arm of the business and to onboard new customers from the direct and embedded insurance markets onto House of Insurtech’s Insurforce platform. 

Foresight Group has invested 3 million of growth capital into NorthWest EHealth Limited, providers of software and services to the clinical trials market.

GoStudent, the Vienna-based Ed-Tech scale-up which provides video-based online tutoring in 1-on-1 format, has hit unicorn status in less than 2.5 years since finding its current business model, following a successful Series C funding round of €205M. This comes just two months after the completion of GoStudent’s €70M Series B round. The Series C investment is led by DST Global with participation from additional new investors including SoftBank Vision Fund 2, Tencent, Dragoneer and existing investors Coatue, Left Lane Capital and DN Capital.

Navenio, the UK company that has pioneered indoor location-based artificial intelligence to revolutionise workflows and can double the throughput of hospital teams, has been successful in securing funding in the latest round of the Artificial Intelligence in Health and Care Award.

Foresight Group has made a £300,000 growth capital investment from the Midlands Engine Investment Fund (MEIF) into ReadyGo Diagnostics Limited, a start-up diagnostics business. 

UK-based healthtech firm Kiteline, formerly known as Liminal Health, has secured £370,000 in funding to meet the demand for support for those living with chronic conditions, including cancer, diabetes, heart disease, and, most recently, long COVID.

Palatine Private Equity has acquired a majority stake in Routes Healthcare, one of the North’s leading providers of specialist person-centred health and homecare services. Headquartered in the North-West, the business operates from 14 service centres, employing 120 operational and management staff, along with 1,000 carers.

A student start-up developing technology that will slash food waste in the education sector has won £10,000 to develop their idea.  UK schools, colleges and universities throw away 150m tonnes of food each year, at a cost of around £250m.  But the University of Bristol students behind KnoWaste believe their digital food management system will cut that waste by 50%, reducing institutions’ costs by 6%.

BGF has announced a successful exit from Cennox – a leading provider of services to the ATM sector. The business has been acquired by US-based investment firm, York Capital. 

BGF first invested £3 million in Cennox in June 2012 and subsequently put in three follow-on rounds into the business, taking total investment to £17 million.

SearchSmartly, the smart match-making property search platform that provides hyper-personalised property searches in minutes, has raised £1.25million seed investment to fuel its mission to redefine the relocation experience. This investment included leading investors in property and tech including Matt Cooper, founder of Carwow James Hind, serial proptech investor Antony Senny, Founders Factory and IFG.VC.