PE Tech Report

Technology & software solutions

IK Partners to acquire Truesec

IK Partners’ (IK) IK IX Fund is to acquire Truesec Group AB (Truesec) from Sobro, alongside management and employees who will be reinvesting. Financial terms of the transaction have not been disclosed. Founded in 2005 by Marcus Murray and headquartered in Stockholm, Sweden, Truesec is the leading independent cybersecurity service

Fyllo raises USD40m in Series C funding round

Fyllo, a specialist in compliance-first SaaS solutions for highly regulated industries, has closed a USD40 million Series C round led by Eminence Capital.  New venture firms that participated in the round include Longview Capital Advisors and ArrowMark Partners. Fyllo is developing compliance, data and marketing solutions to enable companies in

Alfa eCare enters Finnish daycare software market with Daisy acquisition

Healthcare software provider Alfa eCare, backed by Main Capital Partners, has entered the Finnish market for childcare software with the acquisition of Daisy.  Daisy, flagship label of software company WhileOnTheMove, is active in the Finnish municipality ecosystem providing software solutions for early childhood education and daycare. Daisy is the third

Wavenet Limited acquires Excell Group

Wavenet, a UK supplier of business telecommunication and technology solutions, backed by Macquarie Capital, is advancing its cloud and workspace offering by adding the experience and infrastructure of Excell Group into its solution and service portfolio.  This acquisition will significantly bolster Wavenet Group’s market share in the cloud and workspace

Seraphim makes USD25m investment in HawkEye 360

Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first listed fund focused on SpaceTech, has made a new USD25 million investment into HawkEye 360, a commercial provider of space-based radio frequency (RF) data and analytics.

PSG-backed Signaturit and Ivnosys join forces with Universign

PSG, a growth equity firm focused on partnering with middle-market software and technology-enabled service companies, is to acquire a majority stake in Universign, a provider of SaaS-based electronic signature solutions.  Universign will join Signaturit and Ivnosys to offer one of the widest catalogues of digital transaction management and trust services

O’Melveny advises DigiLens in Series D funding

O’Melveny has represented DigiLens Inc, an specialist in head-worn holographic display and waveguide technology, in its Series D funding round led by Samsung Electronics, a transaction valuing DigiLens at over USD500 million. The transaction was announced on 2 November. Additional industry leaders joining the funding round include Samsung Electro-Mechanics, Diamond

Litera secures further investment from Hg

Hg, a software and services investor and supporter of the expansion of legal technology solutions specialist Litera since 2019, is leading a further investment in the business. The terms of the transaction have not been disclosed.   Based in Chicago, New York and London, Litera software empowers users across the

Aruwa Capital invests in Pngme

Aruwa Capital Management (Aruwa), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has invested in Pngme, a financial technology company with a focus on driving financial inclusion by providing mission critical data infrastructure and machine learning models to financial institutions. According to the Central Bank

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