Cogniac, a specialist in enterprise-class AI image and video analysis, has raised USD10 million in Series B financing round led by Autotech Ventures.
Deals & Transactions
Exotec, a robotics solution provider for the logistics sector and creator of the Skypod 3D warehouse robots, has closed a USD90 million financing round, led by 83North – with participation from Dell Technologies Capital – and supported by historical investors, Iris Capital and Breega.
The latest Autotech M&A market report from Hampleton Partners, an international technology mergers and acquisitions adviser, reveals that this year the sector has been impacted by Covid-19 lockdown measures, economic recession and a collapse in car sales in Europe and the USA.
An investment subsidiary of Investindustrial VII and Black Diamond Capital Management, are to buy, on a 50/50 basis, Hexion PSR , a carved out division of global diversified chemicals company Hexion Inc.
Private equity firm Trilantic North America has closed a substantial minority investment in Rarebreed Veterinary Partners, a technology-enabled veterinary services platform.
Global digital consultancy Appnovation has received GBP6.8 million in follow-on equity financing from a partnership between UK-based BGF, the Canadian Business Growth Fund (CBGF) and Export Development Canada (EDC).
Aurelius Growth Investments obtains EUR120m in capital commitments to finance additional acquisitions
Aurelius Wachstumskapital SE & Co KG, an investment company with a long-term horizon that acquires stakes in successful small and medium-sized enterprises in high-growth sectors, has raised EUR120 million in fresh capital to invest in SMEs.
QuadPay, the US-based payment instalment platform, has secured a senior secured a revolving line of credit of up to USD200 million from Goldman Sachs, with mezzanine financing provided by Oaktree Capital.
YourParkingSpace, a UK on-demand parking platform and provider of intelligent parking solutions, has secured a GBP5 million investment from Pelican Capital to support the next phase of its growth strategy.
Vector Capital, a private equity firm specialising in transformational investments in established technology businesses, has invested in event tech platform Patron Technology (Patron).