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Deals

Altruistiq raises £15m in seed round led by Molten and Norrsken

Altruistiq, a specialist in carbon reporting software, has raised $15 million in a seed funding round, one of the largest for a software firm in Europe, makes Altruistiq one of top 10 best-funded climate software companies globally. The funding will help the firm champion its abatement engine, which brings unparalleled

Alternative digital platform LUCA closes angel round

Japan, a digital platform providing access to alternative investments including private equity, real estate, hedge funds, and private credit. Has now raised $1.8 million in funding having closed am angle funding round backed by both domestic and foreign VCs and angel investors. The investors that participated in the angel round

London-based Lottie scoops £6m from General Catalyst

Lottie, a comparison website for residential care and independent living has reached a valuation of £45 million after raising more than £6 million in its latest funding round. Led by one of the largest US venture capital firms and former Airbnb backer, General Catalyst, Lottie has raised £6.125 million to

Circular economy deals set to spike in 2022

In a new report by accountancy and business advisory firm BDO LLP, figures show that more than £1.5 billion of capital has been deployed into UK Circular Economy businesses over the past four years. This accounts for a total of 296 investments across equity and debt. Annual deal volumes grew

Funds advised by Apax to acquire majority stake in Pickles

Pickles Auctions Pty Limited (Pickles), an Australian marketplace for vehicles, industrial, and salvage assets, is to sell a majority share of its business to funds advised by global private equity firm Apax Partners (Apax). Privately owned since 1964, the business is now at an inflection point and the family has

Quantum computers firm IQM raises €128m in Series A2 funding led by World Fund

IQM Quantum Computers (IQM), the European leader in building superconducting quantum computers, has raised €128 million ($128m) in Series A2 funding led by World Fund. The funding, which follows a €39m ($39m) Series A1 announcement in 2020 and includes part of a €35m ($35m) venture loan from the European Investment

MIG Capital supports €128m funding of quantum computer company IQM

MIG Capital AG, one of Germany’s leading venture capital firms, has closed a Series A2 funding at its portfolio company IQM, a specialist in quantum computing hardware. MIG Fonds No. 2, 4, 6, 10, 14 as well as 17 participated in this round, which provided a combined €128 million in

Sienna IM to acquire minority interest in Eight Advisory

Sienna Investment Managers (Sienna IM), through its newly-created subsidiary dedicated to private equity (Sienna Private Equity), and Eight Advisory, an independent financial and operations consulting firm, has acquired a minority interest in Eight Advisory. Eight Advisory is a leading independent financial and operations consulting firm specialised in transaction, restructuring, transformation

Durham IoT technology company raises additional £480k for growth

Plexus Innovation, which is based in Durham, has secured £300,000 investment from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia; and £180,000 from the Finance Durham Fund, managed by Maven Capital Partners, established by Durham County Council and overseen by Business

Purchase Capital leads OWYN funding round

OWYN (Only What You Need), a provider of plant-based protein beverages and other functional nutrition products, has closed a growth investment round led by Purchase Capital with participation from Hammock Park Capital LLC and existing investor PowerPlant Ventures. Terms of the deal have not been disclosed. Today’s news follows the

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