TransferGo, one of the world’s fastest growing money transfer companies, has secured $50m in a Series C funding round.  This latest fundraise, led by Elbrus Capital Fund III and Black River Ventures, follows consistent 80% year-on-year growth for the fintech company since its launch, and brings the total raised to-date for TransferGo to $77m.

Heydoc, an integrated clinical operating system and electronic health record (EHR), has closed a $8.3m Series A round led by Smedvig Capital with existing investors Hambro Perks, Triple Point Ventures and InHealth Ventures also participating. This brings the total amount raised to date by Heydoc to $12m. The new funding will be used for further expansion in the UK healthcare market, where Heydoc is rapidly growing, and to expand its product offering to its existing and new clients. 

A company that restores and resells luxury handbags to clients worldwide has raised £800,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, and private investors, to support its growth.  The investment will allow Handbag Clinic to create around 20 new jobs at its premises in Burnopfield, Co Durham, further develop its technology and strengthen its senior management team.

Aviva, the UK’s leading insurer, has announced a £10 million investment and a five year extension to its innovation partnership with Founders Factory to support new start-ups in the UK. 

The corporate team at national law firm, Foot Anstey LLP has advised on two major deals for Air IT, the award-winning managed service provider backed by August Equity.

Leading multi-channel garden furniture retailer Moda Furnishings has agreed a new £17m funding package with Secure Trust Bank Commercial Finance as UK demand for outdoor living continues to soar.

Independent Growth Finance (IGF) has supported Pryme Group to secure a transformational merger. Pryme Group, has merged with Caley Ocean Systems (Caley) and IMES International (IMES) (both previously part of Seanamic Group). Together, these entities will create a business with broad capabilities supplying products, services and solutions to the energy, defence and other industrial markets.

Profian, a Confidential Computing platform focused on bespoke open source solutions, has secured $5 million seed funding. 

The Finance Durham Fund, established by Durham County Council and overseen by Business Durham, the business support service for Durham County Council, has invested £185,000 in Project Control Tools, as part of a £300,000 funding package. The investment through Finance Durham, which is managed by Maven Capital Partners, will provide the business with a relocation package as it expands to open a site in County Durham, as well as allowing the business to invest in its in-house product development to grow its portfolio, and enhance its sales and marketing function.

Downing has completed an investment in Spaghetti Bridge Ltd in the UK, which is improving the lives and demonstrating strong education and care outcomes for children in the South West of England.

Spaghetti Bridge is a business that was established in 2020 alongside a highly experienced management team to build a leading Special Educational Needs (SEN) platform in the UK. It is estimated that of the 8.9 million pupils in England, 1.4 million have SEN of which approximately 300,000 are eligible for ringfenced funding under the government’s High Needs Budget.

Tax efficient investment manager Deepbridge Capital has completed an exit for investors in its Deepbridge Renewable Energy Enterprise Investment Scheme (EIS) fund.

Tech Nation, the leading scaleup accelerator for UK tech companies, has announced the 30 companies joining its newest growth programme, Libra, which is designed to equip ambitious Black and multiracial (with Black heritage) entrepreneurs with the knowledge, tools and networks they need to scale their business in today’s world.