PE Tech Report

Investments

Tuum secures EUR15m in Series A round led by Portage Ventures

Tuum, a ‘next-generation core banking platform’ has secured EUR15 million in a Series A funding round led by Portage Ventures. Existing investors Blackfin Capital Partners and Karma Ventures also participated in the round, which will enable Tuum – formerly known as Modularbank – to continue investing in product innovation and

LoneTree Capital makes significant investment in conversational AI specialist OneReach.ai

LoneTree, a New York-based growth capital firm backed by top-tier research universities, has made a significant growth investment in OneReach.ai, a specialist in conversational AI and machine learning through its flexible low-code/no-code development platform. This is LoneTree’s first investment in this market.   OneReach.ai began as a research project by

Trivest Partners secures strategic minority investment from Bonaccord Capital Partners

Bonaccord Capital Partners (Bonaccord), a private equity platform dedicated to acquiring non-control equity interests in leading mid-sized private market sponsors, has acquired a passive minority equity interest in Trivest Partners (Trivest), a private equity firm focused exclusively on founder and family-owned businesses. Bonaccord, a subsidiary of P10, Inc. The transaction

Nexeon raises USD80m investment from SKC, SJL, BNW, and Kiwoom

Nexeon Limited (Nexeon) – a specialist in the supply of advanced silicon anode materials for next generation lithium-ion batteries – has secured a USD80 million investment from a consortium including SKC Co Ltd (SKC), SJL Partners LLC (SJL), BNW Investment Co Ltd, (BNW) and Kiwoom Private Equity Inc Ltd (Kiwoom).

Moneyfarm raise GBP44.1m in funding round led by M&G

MFM Holding Ltd (Moneyfarm), a digital wealth manager, has raised GBP44.1 million in a funding round led by M&G plc (M&G) and included Poste Italiane SpA (Poste), who has been a minority shareholder in the business since 2019. Moneyfarm has now raised GBP139 million since launching in 2021. The new

KKR leads Series C Round in Philippine B2B platform GrowSari with USD45m

KKR is to invest USD45 million to lead a Series C funding round in GrowSari, a B2B e-commerce platform serving micro, small and medium-sized enterprises (MSMEs) in the Philippines. KKR’s investment in GrowSari will support the Company’s expansion into more regions across the Philippines and strengthen its financial services capabilities.

Hunters secures USD68m in Series C funding

Hunters has secured USD68 million in a Series C round led by growth equity firm Stripes, with participation from new investors DTCP, Cisco Investments and Databricks, and existing investors YL Ventures, Bessemer Venture Partners, Microsoft’s venture fund M12, US Venture Partners, Blumberg Capital and Snowflake Ventures. The new funding brings

Vending Machines International secures SGD135m Capital Commitment from GEM

Vending Machines International (VMI), has secured a SGD135 Million capital commitment from GEM Global Yield LLC SCS (GGY), a Luxembourg-based private alternative investment vehicle. Under the agreement, GGY will provide VMI with a Share Subscription Facility of up to SGD135 million for a 36-month period following a public listing of

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