PE Tech Report

Finance & Insurance

Evertas raises USD5.8m in seed funding

Crypto insurance company Evertas has raised nearly USD5.8 million in seed funding.  The funding round was led by Morgan Creek Digital, CMT, HashKey, Wave Partners, RenGen, 4RC, Centrality, Plug ‘n Play, Vy Capital, and a number of individual investors including James Slazas (CEO of VaultLink), Tyler Ward (Founder of BarnBridge),

Accelex secures USD5m in seed round from Illuminate Financial

Accelex, a data acquisition, analytics, and reporting solution for private markets investors and asset servicers, has closed a USD5 million seed round of venture financing co-led by Illuminate Financial and AlbionVC, with participation from Expon Capital and SixThirty Ventures. This financing will accelerate the company’s global growth ambitions through further

FSC completes investment in Spanish consumer finance specialist Ufasa

Financial Services Capital (FSC), a private equity investor dedicated to the European financial services sector, has completed its acquisition of a stake in JZ Lending Ltd, which controls Spanish consumer finance specialist Unión Financiera Asturiana (Ufasa).   The Bank of Spain has approved FSC’s investment into this regulated financial services

Aurica Capital’s management team acquires a majority stake in the firm

Three members Aurica Capital’s management team – Ferran Conti, Ramón Mas and Iván Plaza – have acquired a majority stake in the Spanish growth capital firm.  The trio have led Aurica’s management team since its creation in 2015. Banco Sabadell will retain the remaining ownership. This management buyout was decided

ASI and Phoenix invest in Black Sea Trade and Development Bank

Aberdeen Standard Investments (ASI) has invested GBP50 million on behalf of its strategic partner Phoenix Group (Phoenix) in Black Sea Trade and Development Bank (the Bank) supporting the implementation of its climate change strategy. Specifically, proceeds will be used for projects financed directly, or through financial intermediaries, that will target

Investec acquires significant minority stake in Capitalmind

Investec Bank (Investec) is to a acquire a significant minority stake in Capitalmind, one of Europe’s leading independent mergers & acquisitions and corporate finance advisory firms. Investec and Capitalmind first established an international advisory partnership in 2018. The two firms’ advisory operations are characterised by outstanding geographic complementarity: Investec provides

DeversiFi raises USD5m in strategic round led by ParaFi

DeversiFi, a Layer 2 Decentralised Finance (DeFi) trading platform powered by StarkWare’s scalable technology, has closed a USD5 million strategic funding round led by ParaFi with participation from Defiance Capital, Lightspeed Venture Partners, Blockchain.com Ventures, Delphi Ventures and others, to scale DeFi trading on Ethereum.   The round saw 12.5

Summa Equity to sell HyTest to Mindray for EUR545m

Summa Equity is to sell HyTest, a developer and producer of antibodies and antigens, to Mindray, a global medical technology company, for total consideration of approximately EUR545 million. Since Summa Equity’s acquisition of HyTest in 2018, the company has continued to develop its industry leading antibodies and antigens product portfolio,

Guru Capital to acquire Oval

Guru Capital is to acquire substantially all the assets of UK based Fintech company Oval Money Ltd, which will be acquired by and integrated into the UK based online CFD Broker ETX Capital, a Guru Capital portfolio company.  In addition, Guru Capital is in the process of negotiating the acquisition

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