PE Tech Report

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Chainalysis raises USD100m at a USD4.2bn valuation

Chainalysis, the blockchain data platform, has secured a USD100 million Series E financing led by Coatue, bringing its valuation to USD4.2 billion. Previous investors Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, and 9Yards Capital increased their investment in the company, and Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage, and SVB Capital

24Haymarket and Forward Partners invest USD3.5m in Clustermarket

24Haymarket, a private capital firm focused on growth equity and venture capital investments in the UK, and Forward Partners, an early-stage investor focused on applied AI, marketplaces and e-commerce, have invested in Clustermarket, the SAAS-enabled marketplace for laboratories and equipment. Existing investors such as industry heavyweights Jonathan Milner and Bruce

GGV Capital leads USD25m Series A funding in Drata

Drata, a security and compliance automation company, has raised USD25 million in Series A funding led by GGV Capital.  The new financing comes six months after the company’s initial seed round and launch out of stealth. Drata’s platform helps companies achieve and maintain continuous compliance through automated security control monitoring

Proptech

Digital Alpha invests USD40m in Quantela

Quantela, a specialist in IoT-enabled smart cities and urban infrastructure digitalisation, has closed approximately USD40 million in growth capital for new Outcomes-as-a-Service projects and acquisitions from Digital Alpha, a leading digital infrastructure investment firm.

REOptimize Systems start-up closes GBP300k equity seed funding to drive turbine technology commercialisation

University of Edinburgh start-up REOptimize Systems, has completed a seed funding round to accelerate the commercialisation of its ground-breaking wind turbine improvement technology. Enhanced by proprietary Artificial Intelligence (AI) technology, this breakthrough innovation will maximise energy production on commercial wind turbines.  REOptimize has concluded a GBP300,000 equity seed funding made

Gresham Technologies completes USD38.6m acquisition of Electra Information Systems

Gresham Technologies (Gresham), a global fintech that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management, has closed its acquisition of Electra Information Systems (Electra).  First announced in May 2021, the USD38.6 million acquisition reinforces Gresham’s market leadership position in reconciliation solutions for

LDC invests GBP13m in Hybrid

Mid-market private equity firm LDC has invested GBP13 million in digital media company Hybrid. LDC’s investment will support Hybrid’s existing management team to grow and develop the business organically and explore targeted acquisitions.

Akur8 raises USD30m in Series B funding

Akur8, an insurtech automating insurance pricing with its proprietary Transparent AI, has closed a Series B funding round of USD30 million, bringing its total funding to USD42 million.  The investment round closed less than two years after the P&C and health insurance pricing SaaS solution provider first commercialised its platform,

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