UgenTec, a medical technology company that has developed an AI-driven polymerase chain reaction (PCR) analysis and workflow software, has closed a USD9.3 million (EUR7.5 million) funding round. UgenTec automates and standardises high-throughput molecular diagnostics, particularly PCR. PCR analysis is a widely-adopted method for analysing DNA. It has enabled molecular laboratories

Midaxo, a Finnish developer of a cloud M&A platform, has closed a EUR12.9m funding round comprising EUR10.3m for the company and EUR2.6m for the existing shareholders – led by major growth investor Idinvest Partners, with the participation of the existing investors Tesi and EOC Capital. This B round brings Midaxo’s

Equistone Partners Europe has completed the management buyout of WHP Telecoms, a provider of professional services to the mobile telecoms infrastructure sector, from Palatine Private Equity. WHP is the leading provider of end-to-end services for the planning, design, acquisition, deployment, upgrade and maintenance of mobile network masts, antennae and base

PreVeil has secured a Series A investment from Spark Capital, a venture capital firm that invests in disruptive startups. This is the first outside investment in PreVeil; two of its founders, successful serial tech entrepreneurs Sanjeev Verma and Randy Battat, were the seed round investors. PreVeil’s unique email and document

LLR Partners has closed a USD30 million minority growth equity investment in Midigator, the provider of a fully-automated software platform to prevent, analyse and manage payment card chargebacks, thereby increasing merchant revenue and lowering costs. Key features of the platform include automated chargeback prevention alerts, intelligent chargeback representments with industry

Maxwellia, a ‘prescription to over the counter’ medicines company, has raised GBP700,000 in early-stage investment from the GM&C Life Sciences Fund, managed by Catapult Ventures, as well as from existing investors and angels. The funding represents a vital step for Maxwellia, which specialises in ‘switching’ – the conversion of prescription

An affiliate of middle-market private equity firm Peak Rock Capital (Peak Rock) has made a significant investment in CloudNine, a provider of eDiscovery SaaS solutions. Peak Rock and CloudNine have also simultaneously acquired the eDiscovery business from LexisNexis, which includes the LAW PreDiscovery, Early Discovery Analyzer (EDA), and Concordance products

Polaris Private Equity IV (Polaris) is to acquire a majority stake in the Danish interior design company Menu A/S (Menu) from the Hansen Family. Menu, which today supplies high-quality furniture, accessories and lighting to more than 40 countries, is headquartered in Copenhagen’s Nordhavn and has 63 employees.   Menu was