Sumeru Equity Partners has led a USD100 million investment in SocialChorus, a workforce communications SaaS company, along with existing investors.
Technology & software solutions
NPIF - Mercia Equity Finance and XTX Ventures has invested GBP2.5 million in Logically, a tech startup using AI to detect misinformation and to provide a fact-checking service to combat fake news ahead of the US election.
By Owen Morris, operations director at Doherty Associates – Covid-19 has presented multiple challenges to those working in private equity and finance, not least remote working, which looks set to continue for the future. When it comes to compliance the FCA expects it to be business as usual, despite the effects of the pandemic.
“We need to act fast before it’s too late”: Innovate Finance says UK FinTech sector faces ‘significant’ Covid-19 induced funding gap
Innovate Finance, the industry body representing the FinTech sector in the UK, has warned that the sector is facing a “significant” funding gap as a result of the Covid-19 crisis – with smaller companies coming under growing pressure.
LP communication can never be underestimated but in light of the market impact caused by Covid-19, GPs can ill afford to risk any communication disconnect. With so much volatility, the way in which GPs are able to effectively report to investors, even if the news is not positive, can go a long way towards distinguishing between the good, the bad and the ugly.
Investcorp white paper outlines potential for digital process automation tech to enhance productivity
A new Investcorp white paper outlines the key economic benefits and growth opportunities that could be brought about by a third wave of productivity improvements driven by digital automation.
CubeLogic, a provider of enterprise risk management solutions for the energy, commodities and financial markets, has closed a significant minority investment deal with Growth Capital Partners (GCP) for an undisclosed amount.
eVestment has released a new reporting module for private equity GPs within its track record analytics and management tool, TopQ.
Sandberg Capital acquires a 35 per cent stake in Czech company Revolgy Business Solutions. The management team stays on board and continues to lead the company.