Vertiflex, a specialist in minimally invasive interventions for spinal stenosis, has completed a USD40 million financing round, led by new investors Endeavour Vision and HIG BioHealth Partners. Existing investors New Enterprise Associates, Thomas, McNerney & Partners and Alta Partners also participated in the financing round.   Proceeds from the financing will

SkySync has closed a round of Series A funding led by Plymouth Ventures of Ann Arbor, Michigan. SkySync develops middleware technology within the hyper-growth market of Enterprise File Logistics (EFL), allowing organisations to integrate any number storage systems, including on-premises and cloud-based storage services.   The partnership enables SkySync to

Ameredev II has closed an equity commitment of USD400 million from EnCap Investments and members of Ameredev management. Ameredev is an Austin-based exploration and production company focused on the acquisition and development of oil and gas resources in the US.   The company is led by a multi-disciplined management team

ACV Auctions, a mobile platform that enables used-car dealers to view, bid and purchase car inventory via online auctions, has secured USD15 million in venture funding led by Bessemer Venture Partners (BVP) with participation from existing investors. ACV will use the funds to expand into new territories.   BVP partner

Arena Investors has joined SB Capital Group (an affiliate of Schottenstein) and 360 Merchant Solutions in a partnership to fund new institutional asset management firm Scargo Hill Capital and its investments.  The partnership provides Scargo Hill with the capital to finance senior secured private credit investments that address a substantial

LeapFrog Investments has acquired a stake in Fincare, one of the largest and fastest-growing financial inclusion platforms in India. Fincare reported a 79 per cent annual growth rate in assets under management over the last three years.   The new investment in Fincare represents a significant commitment by global investors

Steak restaurant group Flat Iron has received a GBP10 million significant minority investment from Piper, in a deal advised by global investment bank GCA Altium. Founded in 2012 by entrepreneur Charlie Carroll as a pop-up above a London pub, Flat Iron now has four sites in the capital (Soho, Tottenham

Private equity firm TA Associates has acquired a minority equity interest in Interswitch, an Africa-focused integrated digital payments and commerce company.  Financial terms of the transaction were not disclosed.   Helios Investment Partners will remain the majority shareholder of Interswitch.   Founded in 2002, Interswitch is active across the entire payments value chain. A recognised leader

Urjanet, a specialist in utility data, has secured USD20 million of new funding in a Series C round led by Oak HC/FT. Urjanet offers a data-as-a-service (DaaS) solution that provides line-item detail of cost and usage information from approximately 4,000 utilities in 30 countries.   The data that Urjanet accesses

Dukosi, a specialist in battery management systems, has secured a further GBP2 million in funding, led by IP Group. Global demand for batteries is growing rapidly, and the demands of complex, high voltage, multi-cell applications are pushing traditional battery pack management technologies to their limits.   Analysts predict that the