Technology & software solutions

AXA IM, Natixis IM/Mirova, Sienna Investment Managers and Solactive partner to accelerate the development of Iceberg Data Lab

9 September 2021

AXA Investment Managers (AXA IM), Natixis IM, and its affiliate Mirova, Sienna Investment Managers, and Solactive have participated in a. Series A funding round for Iceberg Data Lab. Following this minority investment, each investor will also be represented at Iceberg Data Lab’s Supervisory Board in order to support the development

Telos Brands raises USD2.1m in seed funding from Picus Capital

9 September 2021

San Francisco-based Telos Brands, a technology-first eCommerce company focused on the Amazon FBA ecosystem, announced a USD2.1 million seed round led by Picus Capital with participation from select business angels. Telos has also raised an undisclosed amount of debt from several financing partners to support acquisitions. Telos Brands is rethinking

L Squared completes acquisition of Sterling Trading Tech

9 September 2021

L Squared Capital Partners has acquired of Chicago-based Sterling Trading Tech (STT) from LLR Partners and other investors, a SaaS provider of financial technology for the global capital markets. The investment represents L Squared’s fourth platform investment in Fund III, a USD505 million private equity fund that closed in September

Macquarie to sell Dovel Technologies to Guidehouse

9 September 2021

Macquarie Capital is to sell Dovel Technologies (Dovel) to Guidehouse, a portfolio company of Veritas Capital. Dovel is a leading expert to federal agencies that blends deep domain expertise and advanced technologies in the health IT, life sciences, public safety and grants management markets. Macquarie acquired a majority stake in

Mainstream Fund Services selects Harmonate for private capital data

8 September 2021

Mainstream Fund Services, a global provider of full-service fund administration, and part of Mainstream Group Holdings Limited (ASX:MAI) (Mainstream), has selected Harmonate to provide private capital data operations. Harmonate is partnering with Mainstream to consolidate its automation of document and data processing and intelligence. The relationship encompasses both the range

Factorial closes Series B funding round with USD80m

8 September 2021

Factorial, a Barcelona-based HR software company that streamlines people management, has closed an USD80 million Series B funding round led by Tiger Global Management, with participation from previous investors CRV, Creandum, Point Nine, K Fund, and Columbia Lake Partners bringing the total funding amount to USD100 million. This is not

Culture Shift raises GBP1.5m

8 September 2021

Manchester-based technology business Culture Shift has secured GBP1.5 million in a funding round led by Praetura Ventures and Blackfinch Ventures.

Paul Hastings advises ICG on financing for investment in Iver Holding AB

7 September 2021

Global law firm Paul Hastings has advised Intermediate Capital Group (ICG) on a comprehensive financing package to support its investment in Iver Holding AB alongside management and other shareholders. Headquartered in Stockholm, the Iver group specialises in IT outsourcing and multi-cloud solutions. The European leveraged finance team at Paul

SIMBA Chain raises USD25m in Series A funding

6 September 2021

Blockchain technology company SIMBA Chain has closed a USD25 million Series A funding round led by Valley Capital Partners. The round received additional participation from the Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law School Venture Fund, and individuals affiliated with Kohlberg, Kravis & Roberts (KKR), Amazon, Apple, Facebook,

Increased use of AI in PE will cause an industry shakeout, says new research

3 September 2021

The increased usage of Artificial Intelligence (AI) in Private Equity (PE) and Venture Capital (VC) will boost the sector’s operational efficiency greatly and transform the ways in which partners perform their work, according to a new study. However, the paper’s author, Professor Thomas Åstebro of HEC Paris Business School, says

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