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Deals & Transactions

Applied Blockchain raises GBP2m in funding round led by QBN Capital

Distributed solutions specialist Applied Blockchain has completed a GBP2 million funding round lead by Hong Kong based venture capital firm QBN Capital. The newly-injected funds will be invested in developing a platform using privacy enhancing technologies to help companies to collaborate and generate meaningful outcomes together, without having to share any

Albion Capital refinances GBP105 million portfolio of UK-based renewable energy projects

Albion Capital has refinanced Albion Community Power, a GBP105 million renewable energy portfolio, by raising GBP57 million of debt across the portfolio of onshore wind, hydro, solar and battery projects.The successful refinancing demonstrated Albion’s ability to raise, deploy and return institutional funds within a five year period. The portfolio of

Tax return

Index Ventures backs tax filing app TaxFix

Taxfix, a digital tax app aimed at simplifying the process of filing a tax return, has raised USD65 million in a Series C round from investors including Index Ventures and Creandum. The company will use the funds to grow its 200-strong team by another 100 people, as it broadens its range of products

L&G takes stake in ground source heat firm

Legal & General Capital (LGC) announces that it has taken a 36 per cent stake in The Kensa Group, one of the UK’s largest players in the ground source heat pump technology sector, as it scales up its investments in addressing decarbonisation. Complementing Legal & General’s existing clean energy investment portfolio,

Edison Partners sells fintech firm Clearpool Group to BMO

Growth-equity investment firm Edison Partners has completed the sale of Clearpool Group, a New York-based electronic trading provider and independent agency broker-dealer, to BMO Financial Group. The deal is Edison’s third institutional fintech exit to a strategic buyer this year, which also includes the sale of Scivantage to Refinitiv and Solovis

Gousto veg box

Perwyn et al back recipe box company Gousto

Perwyn, BGF, MMC Ventures and Joe Wicks have led a GBP 33 million funding round into recipe box company Gousto. The additional funding takes the total funds raised by Gousto to over GBP130 million in the last eight years. The company aims to have put over 400 million meals on tables

Connections

Axcel acquires majority stake in SuperOffice

Axcel has acquired a controlling stake in Norwegian SaaS CRM provider SuperOffice. SuperOffice is Axcel VI’s first investment, and the firm will control the majority of SuperOffice’s shares. The company is being acquired from the founder’s family, Visma, and key employees. The current management team will reinvest in the business

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