Prime Focus Technologies (PFT), the technology subsidiary of Prime Focus, has secured the first round of funding from Ambit Pragma, a growth capital private equity fund. Ambit Pragma generally invests as the first institutional investor in companies and supports management teams in accelerating growth, leveraging its teams' operating experience.  

LogRhythm, a specialist in security intelligence, has closed a USD50 million round of new financing led by existing investor Riverwood Capital with participation by Adams Street Partners, Siemens Venture Capital, Delta-v Capital and members of the LogRhythm management team.  The new capital will help LogRhythm accelerate its leadership and competitive differentiation in

Private equity and venture capital investment in Central and Eastern Europe last year hit its highest amount since 2009, according to data from Invest Europe. The total investment amount increased 25 per cent year-on-year to EUR1.6 billion, with the number of companies backed matching 2014’s record level.   The figures

NorthEdge Capital has backed the management buyout of ITC Luxury Travel Group. The firm has invested for a majority stake to support CEO Jen Atkinson and her senior team to deliver on planned investment in IT, management, staff, product and customer service.    Specialising in luxury tailor made holidays worldwide

Senic, a developer of ‘smart home’ natural user interfaces, has secured a seed investment from venture capital firm Target Partners. The company’s first product, Nuimo, is a smart home controller that enables interaction with in-home technology such as Sonos or Raumfeld multi-room speakers, Philips Hue light bulbs, and smart thermostats.

LetterOne (L1) has formed a partnership with FreedomPop, a disruptive US-based mobile provider based in California. The announcement follows L1’s receipt of clearance from the Committee on Foreign Investment in the United States (CFIUS) to complete its USD50 million investment in FreedomPop, to assist and accelerate its international expansion.   

Foresight Group has invested GBP2.75 million in the buy-in management buyout (BIMBO) of Lancashire-based Euxton Group.  The deal is the first investment made from the Foresight Regional Investment Fund (FRIF), which was launched in December 2015 having achieved first close at GBP38 million.   The FRIF is focusing on private

Ocean Link, a private equity firm focused on the fast-growing travel and tourism sector in China, has formed a partnership with Ctrip, the largest online travel agency in China, and General Atlantic, a growth equity firm. Founded in early 2016, Ocean Link deploys both RMB- and USD-denominated funds to invest

mSurvey has secured an investment from Safaricom's Spark Venture Fund, a USD1 million fund with an objective of accelerating high-potential Kenya-based mobile technology start-ups. The investment in mSurvey marks the second and largest Spark Venture Fund investment to date.   With the investment, Safaricom Spark joins Silicon Valley's Cross Culture

BlueTalon has closed a USD16 million Series A financing round led by Maverick Ventures, with participation from new investor Arsenal Venture Partners and existing investors Signia Venture Partners, Data Collective, Divergent Ventures, Bloomberg Beta and Stanford-StartX Fund. The new funding will be used for continued expansion of BlueTalon’s development and