Bamboo Systems, the Arm-only server vendor, has announced that it has secured a new, significant round of $7 million USD in funding. This new infusion is being led by existing investors Seraphim Capital and Opea Holding and with support from the UK’s £1.25 billion Future Fund, a government funding package designed to support startups driving innovation and development through the coronavirus outbreak.

The UK’s £4bn gaming sector is predicted to almost triple in value within the next 3 years to £10bn, with the current 27,000 employed by the sector expected to also triple within 5 years. The findings come from a new report set to be released next month by global recruitment agency Robert Walters.

Cornelis Networks, Inc., a provider of purpose-built interconnects focused on high performance computing (HPC), high performance data analytics (HPDA), and artificial intelligence (AI) has closed a $20 million Series-A funding round, led by Downing Ventures and joined by Intel Capital and Chestnut Street Ventures. Cornelis Networks is an independent company spun out from Intel’s Omni-Path Architecture Business.  

Palatine Private Equity has completed the maiden investment from its fourth buyout fund (Fund IV) with the acquisition of a majority shareholding in NRG Fleet Services, a fast-growing provider of specialist services to the commercial vehicle sector.

Headquartered in Skelmersdale, Lancashire, and operating 10 national technical centres, NRG has annual revenues of £90m and employs 280 people. It comprises two divisions, Riverside Truck Rental and Direct Tyre Management.

Elspeth Kinder, Partner and Head of Family Law, JMW Solicitors considers the value of prenuptial planning for entrepreneurs.

Scale-up FinTech TotallyMoney, which is backed by Elliott Advisors and Scottish Equity Partners, following a £29 million investment in January 2019, has launched a new and exclusive app-only feature to help their three million customers gain a greater understanding of their borrowing behaviours and make better financial decisions. 

Huboo, an e-commerce fulfilment and storage company, has rasied a further £14m investment as the pandemic triggers a rapid increase in online shopping.  The Series A funding sees European VC Stride and Hearst Ventures join previous investors Maersk Growth, Episode 1, Ada Ventures and True Capital and takes the total raised to £18 million.

CCC Holdings, a holding company based in Italy focused on the Heating, Ventilation, Air Conditioning and Refrigeration (HVACR) industry, has raised €18 million from Italian Energy Efficiency Fund II.

Lumenisity® Limited, which has developed ground-breaking fibre optic and cabling technology, has closed a £7.5 million funding round

Global digital consultancy Appnovation has received £6.8M in follow-on equity financing from a partnership between UK-based BGF, the Canadian Business Growth Fund (CBGF) and Export Development Canada (EDC). 

Oakham-based machinery and vehicle dealer, C&M Retail Group, is embarking on a major expansion programme which will create up to 20 new jobs after agreeing a funding deal to enable the development of a purpose-built industrial and business hub, as well as the launch of a new vehicle sales company.

Tech Nation, the growth platform for tech companies, has appointed four new Directors joining the Board, including the Audit Committee and Remuneration Committee Chairs.

Annette Wilson, Eric Collins, Hussein Kanji and Trecilla Lobo join Tech Nation’s Board of Directors to power UK tech scaleups for the Digital Age.