Maven Capital Partners has completed a £2.5m investment in Precursive, a software as a service (SaaS) company which allows clients to manage a wide range of business processes effectively on a single, easy-to-use platform.

Founded in 2011, Precursive is a strategic partner of Salesforce, the world's largest provider of customer relationship management (CRM) software. The company helps businesses in the agency, consulting, technology and professional services sectors operate more efficiently by automating admin-heavy and time-consuming processes such as resource management, project planning, accounting, forecasting, reporting and client onboarding. Precursive is based in London but has a presence in the USA, Spain and Poland, as well as a growing list of blue-chip clients including GoCardless, Mitel, GoCardless, SES and Vidyard.

IW Capital has announced the completion of a £2 million investment in GPDQ, providing a welcome boost to healthcare provision in the UK as demand surges during the Covid-19 pandemic.

According to new research conducted this month from proSapient, a machine learning executive research platform, over half (57%) of UK start-ups said they only had enough cashflow to survive a maximum of 6 months from now, even after undertaking cost-cutting measures.

Leading distributed solutions specialist Applied Blockchain has completed a £2 million funding round lead by Hong Kong based venture capital firm QBN Capital. The newly-injected funds will be invested in developing a platform using privacy enhancing technologies to help companies to collaborate and generate meaningful outcomes together, without having to share any of their data.

British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15m commitment to Par Equity as the latest partner in its Regional Angels Programme.

QVentures has announced that it will lead the funding round for articulate.xyz, a digital app-based service for those wishing to speak languages clearly and fluently.  Using the latest language and voice processing technologies, articulate.xyz is developing a self-serve EdTech application that emulates an immersive learning environment, helping users to improve their verbal communication in a language. As users read text within the app, the app listens, highlights potential improvements and an assistant helps users to sound out words. 

79 SME property developers have benefitted from investments totalling £100 million for 112 property development projects

The Covid-19 Wales Business Loan Scheme is fully subscribed after more than 1,500 applications were received in just over one week.

The £100 million scheme was launched by the First Minister on Monday 30 March as part of the Welsh Government’s £500 million Economic Resilience Fund to support businesses in dealing with coronavirus outbreak.

The first loans were approved within three days of the fund launch, with the first loans reaching applicants by the end of last week.

GrowthDeck has completed a £650,000 fundraise for Teacher Booker, the online network of high-quality supply teachers and support staff - far exceeding our original £500,000 target.

Albion Capital has refinanced Albion Community Power, the £105 million renewable energy portfolio by raising £57 million of debt across the portfolio of onshore wind, hydro, solar and battery projects.

YFM Equity Partners has appointed David Wrench as an investment director as it continues to expand its investment team. 

David is joining the team to invest in growth capital and buyout opportunities, and his appointment follows the recent raising of a new £80m YFM buyout fund, the investment to support the buyout of Worcestershire-based Innovative Safety Systems (ISS) and the recent trade sale of Business Collaborator in Reading.

Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant.