Global fintech, The ID Co., has has received $2m seed funding from global technology investor Amadeus Capital Partners, SixThirty and other investors.

The ID Co. helps businesses such as lenders to onboard their customers more efficiently. Its technology removes the friction caused during application processes by the current challenges of risk, fraud, compliance, and regulation.

The Portuguese company 360 onlineprint, founded in 2013, is expanding its sales territory and is now also active in the United Kingdom. This strategic decision has been taken after receiving funds amounting to $20.4 m (£15.5 m), which will be also used to extend their range of products and invest in technology and R&D. The investment round was led by LeadX (Metro Group, Germany) and accompanied by Omnes Capital (France), Pathena (Portugal) and the 200M fund, which is managed by PME Investimentos and co-financed by the European Union, through funds from the European Regional Development Fund.

Mobeus has sold Plastic Surgeon, the surface repair and restoration specialist, to Polygon Group. Plastic Surgeon is the UK’s largest cosmetic surface repair specialist, with particular expertise in fine finishing services. The company provides high quality, long-lasting repairs to any hard surface, including ceramic, UPVC, brick, stone and glass, in diverse industries from house build, through construction and insurance, to facilities management.

Weengs, a smart logistics startup that partners with ecommerce businesses to get online orders to their customers reliably and efficiently, has secured £6.5m in Series A funding. The investment round was led by venture capital firm Oxford Capital and was followed on by Weeng’s seed investors who include Local Globe, Cherry Ventures and Venture Friends. Weengs is using the funding to invest heavily in automation and technology to supercharge their operations to be able to fulfil more than 15,000 ecommerce orders per day.

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today announced a $20 million growth funding round with investment led by new investor, Smedvig Capital. MMC Ventures and other existing investors participated. 

Private investment and alternative finance specialist IW Capital announces a £1.83 million loan for Inglenook Inns and Taverns Limited. The loan represents the latest funding round for Inglenook to help grow and consolidate its regional presence across the North West of England.

Leicester-based Furnley House Limited, a firm of independent financial advisers and mortgage brokers, has received a £200,000 investment from the Midlands Engine Investment Fund (MEIF).

The Instant Group, which was backed by Bowmark Capital last year, has acquired Incendium Consulting Ltd., an independent corporate real estate consultancy.

Investment from European funds into the UK’s thriving tech ecosystem reached a record high of £1.89bn in 2018 (up from just £1.66bn in 2017), according to a new report published by leading law firm Penningtons Manches.

How and what we eat in restaurants or on-the-go is changing thanks to new robotics startup Karakuri and its £7 million seed investment, led by Ocado.  With growing demand for personalised nutrition as part of a healthy lifestyle, Karakuri uses the latest innovation in robotics, machine learning, optics and sensors to allow restaurants and food retailers to offer personalised, freshly prepared, high quality meals, which maximise nutritional benefits and minimise food waste.

Cherwell Software a global leader in service management, has announced that 40 new jobs will be created at their facility in Dundee, following a £3.1million research and development (R&D) grant from Scottish Enterprise.

The funding forms part of an overall £22 million investment from Cherwell, £8.9 million of which has been allocated to Scotland, to develop new and cutting-edge technologies at its Dundee R&D facility to allow businesses of all types to automate services across their enterprises, driving efficiency and productivity.

Investment manager Downing LLP has announced the successful exit from a series of freehold pub investments managed by award-winning Oakman Inns and Restaurants Limited. All seven pubs have been acquired by Oakman Inns