Nuvei, a global payment technology provider, has completed a USD270 million (CAD358 million) common equity financing, valuing the company at USD2 billion (CAD2.65 billion). The investment comes primarily from Nuvei’s existing shareholders: leading Canadian private equity firm Novacap, supported by some of its key limited partners, and Caisse de dépôt et placement du Québec (CDPQ), one of the largest Canadian institutional investors. This financing allows Nuvei to further bolster both its organic and acquisition growth plans. Headquartered in Montreal, Quebec and having offices across the globe, Nuvei delivers omnichannel, end-to-end payment acceptance solutions, streamlined payouts, foreign exchange services, local acquiring,

Proof of Impact (POI) has  closed its first institutional investment round led by Franklin Templeton. Proof of Impact is building a global marketplace on the blockchain where one can donate or invest directly into measurable impact outcomes. In connection with the investment, a representative of Franklin Templeton will serve on the Proof of Impact board, offering their expertise in the application of blockchain technology and impact investing as well as scaling the POI offering globally. Proof of Impact’s co-founder Fleur Heyns will be pitching the company during the World Economic Forum Annual Meeting in Davos in January 2020. In addition

Veronis Suhler Stevenson (VSS), a private investment firm investing in the healthcare, information, business services and education industries, has made a significant growth investment to recapitalise Endo1 Partners (Endo1), a fast-growing specialty dental services organisation headquartered in Houston. VSS has partnered with co-founders Dr Matthew Haddad, Dr Daryl Dudum, Dr Mark Haddad, and Dr Darron Rishwain. Terms of the private transaction have not been disclosed. Formed in 2019 with operations in Texas and California, Endo1 provides comprehensive knowledge, resources and shared back-office support to endodontists across the country through an Endodontic Partnership Organization (“EPO”). Endo1’s offering empowers endodontists’ ability to provide

Outlier Ventures, a venture platform focused on growth investing, has become the lead adviser to and an investor in Cudo Ventures, a provider of cloud computing and monetisation software. Cudo is the leading player in the rapidly growing and developing market for the next generation of cloud computing. The company is focused on a new, more equitable way of cloud computing by providing a technology platform that links hardware owners with spare capacity, to organisations who require spare compute power in order to complete workloads such as Video Rendering, Machine Learning Deployment and Seismic Imaging. Cudo Compute’s solution provides customers

Souter Investments has completed the acquisition of a majority stake in Stone Group, an ICT services provider, in an equity and debt refinancing of the business led by CEO Simon Harbridge and the existing management team. Founded in 1991, Stone Group has assisted thousands of organisations in adapting and thriving in a continually changing technology landscape by deploying valuable technology, delivering personalised services and providing reliable IT support.   The deal sees private equity investor RJD Partners (RJD) realise its investment which was acquired via a management buy-out of Stone Group in 2008. Certain of RJD’s investors will retain an

Foresight Group (Foresight) and Williams Advanced Engineering (Williams) have a made a GBP1.6 million investment into Oxford University spin-out Mixergy Limited (Mixergy), a specialist in smart hot water tanks. Mixergy was founded in 2014 by Peter Armstrong, CEO, and Ren Kang, Head of R&D, following the completion of their PhD research at Oxford University where the duo originally developed the idea during their doctoral research. The team has since grown to 17 staff and built strong relationships with British Gas, a major installer of tanks. The Company brings innovation to an industry which has historically seen little investment or development; existing

Cyan Forensics – an Edinburgh-based start-up producing technology to help police investigators find evidence faster – has secured a further GBP1.3m from a consortium of investors. The funding, which has come from Triple Point Investment Management, Mercia, SIS Ventures, the Scottish Investment Bank and private investors, will support the company’s expansion and allow it to target new markets in Northern Europe. It follows its recent contract with the UK’s Home Office, which will see the technology being used by the Child Abuse Image Database (CAID) and rolled out to police forces nationally.   Cyan Forensics’ digital analysis tool can find terrorist