UK-based technology company Hinterview, the award-winning video platform for the recruiting & talent sector, has raised £1.47m in venture finance as demand for their technology soars in the wake of the coronavirus pandemic.  

The investment round was led by UK-listed TMT Investments PLC, and brings the total raised to date to over £3m.  The investment will be used to scale the business both in the UK and internationally, helping the business to meet rapidly growing demand for their specialist video technology as the world adjusts to the lasting impact of Covid-19.

The North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund and managed by Maven Capital Partners, has invested £750,000 in the product sampling platform, SoPost. The business, which helps brand partners run highly effective product sampling campaigns online, will utilise the funding to accelerate its product roadmap, extend its publisher, retail and agency partnerships, as well as fund its expansion into new markets.

I have been impressed, not only with  the economic levers Rishi Sunak, has used to stimulate the economy but with the measured and calm way he has dealt with a crisis that could have been a poison chalice for many another Chancellor.

A surge in deal activity over the next few months is being predicted by private equity house WestBridge, as business owners seek to realise and de-risk their assets ahead of widely anticipated changes to the Capital Gains Tax (CGT) regime in the next budget.

Flexa, a job and employer brand platform, has successfully raised £250,000 from a consortium of international and domestic investors, including renowned angel investors Simon Franks and Douglas Choi. The round is being led by venture capital firm, QVentures. The funds will be used to support the scaling-up of Flexa’s flexible working platform.

Convertibles have become more popular on the Equity Crowdfunding Platforms.  In this second article on the topic, James Murdoch shares more thoughts about investing in Convertibles. 

An innovative new system that has the potential to revolutionise hearing tests globally has received financial backing from Scottish business angel investment syndicate, Archangels.  Edinburgh-based Hearing Diagnostics Limited has received £715,000 of investment which will enable its hearing test system to undergo trials with universities and hearing aid retailers in the UK with a view to full market launch in 2021.

Black business owners and those from Asian and Other Ethnic Minority backgrounds face persistent disparities in business outcomes, with systemic disadvantage playing a key role. This is revealed in a new report Alone together: Entrepreneurship and Diversity in the UK, published today by the British Business Bank and Oliver Wyman.

MMC Ventures, the research-led venture capital fund, has become a certified B Corporation through B Lab UK, the not-for-profit behind the B Corp movement. 

CPI, an independent technology innovation centre and founding member of the UK Government’s High Value Manufacturing Catapult, has launched CPI Enterprises. As CPI’s new investor engagement and ventures arm, Enterprises is designed to fuel the development of fast-growing, high-potential companies in the deep-tech space. Enterprises will connect investors and entrepreneurs across the UK to stimulate impactful and capital-efficient investment into innovative technology companies.

Pimloc, the visual privacy and security company, has closed £1.4M in new financing in a seed funding round led by Amadeus Capital Partners with participation from Speedinvest and existing shareholders.

Founded in 2016, Pimloc specialises in deep learning systems for security video and diverse image collections. Pimloc’s technology powers products that enable private businesses and public organisations to protect sensitive or personal visual data, to maintain safe online environments and to manage video security footage.

Detected, the world’s first agnostic business verification platform, has closed its pre-seed funding round at £250,000. This first tranche has been raised from a number of prominent angel investors within the founding team’s network.