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Mid-market private equity firm LDC has exited its investment in Lucid Group, the international multi-capability healthcare communications group, to alternative asset manager ICG, following a significant period of growth. London-headquartered Lucid Group provides medical education and communication, strategic consultancy and digital services to its clients through an integrated group of specialist agencies. The firm, which employs more around 250 staff across the UK, US and international offices, works with the world’s leading pharmaceutical brands to improve both disease management and patient outcomes.    LDC originally backed co-founders Dennis O’Brien and Jan Steele in 2017, investing GBP11 million for a minority
Exabel, an analytics and data platform for investment teams, has closed a fourth seed investment round from investor AWC (formerly Awilhelmsen Capital Holdings), bringing its total capital raised to over USD21 million.  The company also announced today the launch of the new “Exabel Insights Platform” product for alternative data vendors. “We’re delighted to support Exabel’s next phase of growth and we believe strongly in their potential to lead the emerging Alternative Data Insights category,” says Arve Ree, CEO AWC.   AWC is an active investor with a flexible investment mandate, investing in both listed and private companies. As part of
Aqua Security, the pure-play cloud native security leader, announced today the completion of USD135m in Series E funding led by ION Crossover Partners, putting Aqua’s valuation in excess of USD1 billion.  The round included broad participation from Aqua’s existing investors, including M12 – Microsoft’s venture fund, Lightspeed Venture Partners, Insight Partners, TLV Partners, Greenspring Associates, and Acrew Capital. This new round of investment follows a period of tremendous growth and will enable the company to broaden and deepen its solution portfolio, as well as expand its presence geographically.    Aqua Security’s total funding since its founding in 2015 now totals
Pluto Digital Assets (Pluto), a crypto venture capital and technology company has closed its third and largest funding round to date. The round was led by Argo Blockchain which will be maintaining its c25 per cent stake with an investment of approximately USD10 million. Two other publicly traded companies, Pires Investments (PIRI.L) and Riverfort Global Opportunities (RGO.L) amongst others, participated in the total raise of cUSD40 million.  Pluto Digital Assets has been actively deploying capital into new token issuances at seed level, incubating projects, taking equity positions and holding strategic and treasury positions in digital assets. The senior team has
Early-stage tech venture capital firms Passion Capital is opening up its latest GBP45 million fund, Passion Capital Fund III, to investors registered and qualified by the Seedrs platform.  Passion Capital will make an allocation available to the public, making it the first time retail investors can be part of a private venture fund that invests in some of the UK’s most exciting early stage tech startups. Passion Capital’s third fund includes new General Partner Malin Posern, who joins existing partners Robert Dighero and Eileen Burbidge. Through this opportunity, an allocation will be made available on the Seedrs platform so that
BGF has completed a multi-million-pound investment in Stark, a leading provider of energy data and analytics services, based in Horley, Surrey. 
Real estate, private equity, and multinational corporate services provider Auxadi has strengthened its executive team with four high-profile appointments as it builds for global expansion. Read the full story at Property Funds World…  
Scoro, a provider work management software for professional service businesses, has closed a USD16.4 million Series B funding round led by Kennet Partners.  Additional investors include Columbia Lake Partners, Inventure, Livonia Partners and Tera Ventures. The investment will fuel continued global expansion and is supported by new French and Spanish versions of the software.   “Even before Covid-19 hit, most professional service businesses used as many as a dozen different platforms daily,” says Scoro’s Founder and CEO, Fred Krieger. “However, teams now realise that constantly switching between tools harms productivity and results in lost data and duplicated work. In many
Business advisory firm Quantuma’s corporate finance team has completed a record-breaking eight transactions in the last fortnight, at a combined value of over GBP130 million. Quantuma comprises a 250-strong team, operating across 22 locations around the UK and in selected offshore centres in Cyprus, Mauritius, and the Cayman Islands. In August last year Quantuma merged with K3 Capital Group plc, further enhancing its corporate finance capability and now works alongside KBS, the most active adviser in the South East in 2020.   Happening in quick succession, the majority of the deals took place in the South of England, namely London,
Private equity firm Nordic Capital is to actively support Boost.ai, a global specialist in conversational AI for Fortune 1000 companies. in its expansion.  Nordic Capital intends to further strengthen the Company’s strong market position by helping it to accelerate growth and expansion into new markets, working closely with the CEO and co-founders. The founders, the management team, and the current owners of Boost.ai, including Finstart Nordic and Alliance Venture, will continue as investors alongside Nordic Capital.   Boost.ai offers a no-code conversational AI platform, with a strong focus on customer service and support, that helps bridge the digital gap between

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