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Thought Machine achieves unicorn status following USD200m Series C funding round

Thought Machine, a cloud native core banking technology firm, has closed its series C funding round, bringing USD200 million into the business from new and existing investors. This new round sees Thought Machine achieve unicorn status. This round was led by Nyca Partners, a New York and San Francisco-based venture

Raycast raises USD15m in Series A led by Accel and Coatue

Raycast, a platform that provides developers with quick access to their tools, has raised USD15 million in a Series A funding round led by Accel and Coatue.  Also participating in the round were angel investors Johnny Boufarhat, CEO and founder of Hopin; Jeff Weinstein, Product at Stripe; Jason Warner, former

IK Partners to acquire Renta Group

IK Partners’ (IK) IK IX Fund is to acquire Renta Group Oy (Renta Group) from Intera Partners (Intera), alongside management and employees who will be reinvesting. Financial terms of the transaction have not been disclosed. Renta Group is a full-service machine and equipment rental services company with more than 100

Apex Group wins new mandate from life insurer

Apex Group Ltd (Apex), a global financial services provider, has been appointed to provide Fund Administration and Middle Office Services to the life insurance company of Azimut Group (Azimut), an Italy-based, independent asset management operator with over EUR80 billion in assets (as of end of October 2021). Following a competitive process,

FYLD raises GBP10m in Series A funding

FYLD, a London-based, AI-driven digital platform designed to ensure the safety and efficiency of field teams, has completed completed a GBP10 million Series A funding round. The funding was provided by Koru, the Ontario Teachers’ Pension Plan’s venture incubator, and corporate partner SGN, a leading UK gas distribution network operator.

Cerbos raises USD3.5m seed round to transform software ‘permissions’

Cerbos, a new open source software startup helping tech scaleups and other companies manage user permissions more efficiently, has raised a USD3.5 million seed round. Investment in the funding round was led by Crane with support from Earlybird Digital East, Seedcamp, 8-Bit Capital, Connect Ventures, OSS Capital, Acequia Capital, HelloWorld,

Vidrio Financial launches portfolio capability updates for asset allocators

Vidrio Financial, a provider of managed data services and software for institutional alternative allocators globally, has made significant updates to its services and platform to supports the unique needs of institutional investors who allocate to external alternative asset funds, including hedge fund and private equity managers. “As we continue to

Waterland portfolio company Skaylink acquires cVation

Skaylink, a recently formed cloud service provider that operates throughout Europe, has acquired a majority stake in cVation with support from Waterland Private Equity (Waterland).  The Danish company is a leading cloud service provider in the Northern European region. This strategic partnership seeks to further diversify and professionalise the Skaylink

Bolt acquires Tipser

Bolt has acquired Tipser, a Swedish-based tech company enabling commerce on any digital surface.  Some 84 per cent of shoppers look for insights on at least one social media platform before purchasing, according to Pew Research Center, and 52 per cent of socially-engaged shoppers have initiated a purchase through a

Clearlake Capital to acquire Quest from Francisco Partners

Quest Software (Quest), a global cybersecurity, data intelligence, and IT operations management software provider, announced it signed a definitive agreement with Clearlake Capital Group is to acquire Quest Software (Quest), a global cybersecurity, data intelligence, and IT operations management software provider, from Francisco Partners.  Patrick Nichols, current CEO of Quest,

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