Symvan Capital has completed the first tranche of an up to £1 million investment in Custodiex, who have developed and pioneered a digital asset storage solution that is completely resistant to cyber-attacks.

Tech Nation, the UK network for ambitious tech entrepreneurs, today reveals the 30 companies joining its prestigious Upscale programme for the UK’s most exciting and fastest growing scaleup tech companies.

Oak Intranet has raised £2.1 million additional seed funding round led by existing investors Maven Capital Partners. The funding follows a restructure of the company’s leadership team led by the new CEO, Will Murray and the appointment of a new non-executive chairman, Mark Quartermaine which will enable the business to expand adoption across the UK.

Created in 2016 Oak Intranet is aimed at enterprise and medium sized businesses, it organises departments, news, teams, projects and internal communication through its mobile app and SaaS platform.

An innovative funding arrangement is helping to accelerate the growth of an award-winning housebuilder and fast-track property ventures across the North of England.

MAVEN Bonds is providing short-term finance to County Durham developer Homes by Carlton, to drive forward several property schemes around the northern regions.

The Newton Aycliffe-headquartered firm recently used a £300,000 short term development finance loan to fast-track construction work on its Cathedral Gates development in Chilton. Situated eight miles from Durham City centre, the scheme comprises 14 spacious plots with a mix of three and four-bed detached and semi-detached homes. It has proved popular with ten of the plots already sold – giving the construction team the confidence to accelerate the building programme.

HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, today announces that business angels invested €16.8 million in 66 Irish start-ups in 2019.

Angel Investment Network (AIN), the UK’s largest online angel investment platform, has revealed its latest ‘State of the Angel Investment Nation’ findings. It is based on the data of more than 100,000 UK registered businesses looking for funding and 30,000 investors. 

Since being appointed by the British Business Bank in 2017, to manage two debt funds on behalf of the Midlands Engine Investment Fund (MEIF) Maven has completed transactions ranging from £100,000 to £1.5 million, providing finance across a diverse variety of sectors, including retail, tech, engineering and healthcare. Typically, funding is secured to drive expansion, such as hiring new staff, purchasing machinery, increasing working capital and growing customer reach.

Foresight Group has made a £500,000 growth capital investment into Selazar Limited, a logistics management software business, set to open a new base in Leicestershire.

The investment has been made using finance from the Midlands Engine Investment Fund (MEIF) and is part of a £1 million funding round led by Foresight and supported by Invest Co-Fund NI and private angel investors.

Over one quarter (28 per cent) of UK small and medium sized enterprises (SMEs) are expecting a revenue bounce in the first three months following the UK’s official departure from the European Union on Friday January 31st.

Informatics Ventures, which has been supporting technology entrepreneurs since 2008, has announced the cohort of 50 high-growth data-driven companies that will pitch to UK and international investors at its flagship EIE20 event on Thursday 23rd April in Edinburgh.  

The Midlands Engine Investment Fund (MEIF) has appointed a new fund manager and made £40 million available to invest in the region’s small businesses.

Appointed to address regional demand for alternative debt finance options, The FSE Group will manage the £40 million debt fund, with the capability to invest between £100k and £1.5 million in businesses based in the West Midlands and East & South East Midlands.

Unigestion, the independent specialist asset manager, has launched Unigestion Secondary V, its latest secondary private equity fund. The strategy of the fund will be to target small, non-auctioned secondary deals below EUR 50m, focusing on portfolios of high quality companies at attractive valuations.