BGF is reporting a strong outlook for 2021. Throughout the last six months, the investment team for Scotland has invested close to GBP33 million across 10 Scottish growth businesses, including a cornerstone investment which marked BGF’s second investment in a Scottish IPO in 12 months.
Deals & Transactions
Astorg and Bridgepoint have completed their acquisition of Fenergo, a provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, following approval by the European Commission.
ARQIS has advised Liberta Partners on the sale of novelex AG to H&T Presspart, a division of Heitkamp & Thumann Group.
Wynnchurch Capital has acquired Trimlite, a manufacturer and distributor of residential doors and related door products.
Topas Therapeutics GmbH (Topas), a private biotechnology company developing immune tolerance-inducing drugs to treat and potentially cure a variety of autoimmune diseases, today announced that the Company has successfully extended its Series B round with an additional EUR18 million (~USD22 million) raised, bringing the total for this financing to EUR40 million. All of Topas’ existing investors participated in the extension.
Secured Finance, a platform provider for the cryptocurrency loans and derivatives market, has raised USD4.0 million in its oversubscribed seed funding round.
Queen's Gambit Growth Capital (Queen's Gambit), the first special purpose acquisition company (SPAC) led by women, is to acquire Swvl, a Dubai-based provider of transformative mass transit and shared mobility solutions, in a deal that will see Swvl becoming a publicly listed company.
Vira Health, a digital health company focused on improving long-term health for women, has raised GBP1.5 million in seed funding from LocalGlobe, MMC Ventures, and angel investors including Megumi Ikeda, Managing Director, Hearst Ventures, Andrea Zitna of Elvie, former Spotify executive Sofia Bendz, founder of GoCardless Matt Robinson, and Simon Lambert, former CTO, MOO.com, and Treatwell.
INKR, a digital comics platform, has secured USD3.1 million in a pre-Series A funding round led by Monk’s Hill Ventures. Investors Stu Levy, Founder & CEO of TokyoPop, and VI Management also participated in the round.
HMNC Brain Health (HMNC), a biotech company pioneering the development of personalised therapies in psychiatry powered by predictive companion diagnostics, has received an additional EUR9 million from its current investors.