Cambridge GaN Devices (CGD) has raised $9.5 million in Series A funding. The investment was co-led by IQ Capital, Parkwalk Advisors and BGF, and includes investment from Foresight Williams, Cambridge Enterprise, Martlet Capital, Cambridge Angels and Cambridge Capital Group. The funding will be used by CGD to expand its product portfolio of energy-efficient power devices and to double the size of its team.

StateUp, a world-leading insights and advisory firm for the GovTech sector has announced StateUp 21.

Working with governments, startups, investors and international organisations to enable more and better cooperation between governments and technology startups, StateUp offers training, advisory services, and data-driven insights and sector analysis with particular expertise in Europe, Latin America and the Middle East. 

Intelligence Fusion has secured a £400,000 investment from a number of sources to continue its growth in the expanding global intelligence market.  Led by Maven Capital Partners, the funding has been provided by the Finance Durham Fund, The Future Fund and existing investors.  The follow-on investment will support the business as it enters its next phase of growth after it successfully developed and launched its intelligence data feed platform two years ago. 

ZEDRA, the fast-growing global specialist in Active Wealth, Global Expansion and Fund Services, has announced the acquisition of Inside Pensions, the UK’s leading independent occupational pension scheme governance support provider. The transaction is in line with the firm’s aim to diversify its service offering and expand its presence in the pension services space.

Private capital funds face growing demands for transparency as mainstream investors increasingly turn to the sector to chase the higher returns it offers, new research* from Intertrust N.V. and Global Custodian reveals. Intertrust Group, a world leader in providing specialised administration services to clients in over 30 jurisdictions, estimates that around US$5.5 billion will need to be spent to meet these increasing demands worldwide over the next five years.

Wellbeing startup Psychological Technologies (PSYT) has raised over £1.7m, supported by Angel Investment Network, the world’s largest online angel investment platform. The startup turns the advice of the world's leading self-development authors into digital, action-based summaries to help individuals create real change.  Founded by the former Head of Research at Headspace Nick Begley, PSYT launched an MVP last year based on a single book called “The Anxiety Solution” to test the proposition. The MVP was featured by Apple in the “Best Apps of March 2020” and has an average rating of 4.9*. The raise took eight weeks with the funding being used to bulk out the full-time team, develop more content and launch a multibook platform.

Mobile authentication platform tru.ID is exiting stealth mode having secured a £3m funding round from investors including Episode 1, MMC Ventures and NHN Ventures. tru.ID has been launched by experienced industry insiders to help developers eliminate passwords and bring user authentication into the 21st century.  

Foresight Group has successfully sold Hedges Direct Group Limited, 

Drug discovery and development company, Blueberry Therapeutics, is announcing a £3.6m extension to its previously successful £10.8m Series B fundraising.

Japanese investor, Medical Incubator Japan (MIJ), and a private syndicate of US Board Certified Dermatologists - led by Dr Omar Ibrahimi of the Connecticut Skin Institute - have invested £3.1m and £500k, respectively.

CorrosionRADAR – whose technology can detect and predict corrosion in pipelines - has attracted funding from the Middle East’s largest oil and gas company as part of a £2.9m investment round.

Saudi Aramco Energy Ventures led the Series A round, with support from existing investors the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and angel investors.

Outpost VFX, a fast-growing UK-headquartered film and TV visual effects company, has secured a multi-million pound investment from funds managed by YFM Equity Partners (YFM) which will enable it to develop its infrastructure, company culture and proprietary platforms, as well as providing a solid base for further international growth across its four international locations.

Cricket Betting, one of the world's most prominent specialist cricket blogs, is set to expand its global reach having secured a significant funding round. The start-up, which has been operational for less than one year, has raised over £500K of private investment to support its next growth phase.