Deals
Insurance company yulife has secured GBP10 million in a Series A funding round led by Creandum Funds, backers of Spotify, iZettle and depop.
MMC Ventures and Notion Capital participated in the round alongside existing investors Anthemis Exponential Ventures, RGAX and Israel’s most active venture investor OurCrowd. This new round of funding follows a previous GBP3 million seed-round led by LocalGlobe.
yulife is on a mission to breathe life back into life insurance by rewarding people for living well now, whilst protecting their loved ones in the future.
Group life cover (or death in service, as it’s often known) is one
An affiliate of Versa Capital Management (Versa) has acquired Alex Apparel Group (Alex Apparel), a designer and wholesaler of social dresses and separates under the Alex Evenings, SL Fashions and Ignite Evenings brands, from Atlantic Street Capital.
The Alex Apparel Group brands are sold both online and in over 3,400 retail locations, including major department stores, specialty store chains and boutiques and pure-play ecommerce sites.
Colleen Kelly, Chief Executive Officer of Alex Apparel, says: “We are excited to partner with Versa to continue the strong trajectory of our business. Versa provides us with the tools and resources to advance our
Israeli startup TriEye, whose innovative Short-Wave-Infra-Red (SWIR) sensing technology is able to see in adverse weather and night-time conditions, has closed a USD17 million Series A funding round, led by Intel Capital.
Other investors include Marius Nacht, co-founder of Check Point Software Technologies, and TriEye’s existing investor Grove Ventures, headed by TriEye chairman Dov Moran, the inventor of the USB flash drive and co-founder of M-Systems. Since inception, TriEye has raised over USD20 million, including a seed investment of USD3M led by Grove Ventures in November 2017.
TriEye’s breakthrough HD SWIR camera, whose initial samples are expected to enter the
Hampleton Partners’ latest analysis of the Augmented Reality (AR) and Virtual Reality (VR) M&A global market reveals that this nascent sector is already showing signs of maturity, with later-stage funding, valuations and transaction volumes on the up and gaining momentum.
M&A transaction volumes increased from a total of only 11 in 2014 to a total of 26 in 2018. North America is poised to establish a leading position in AR/VR M&A, as it is home to 62 per cent of all targets and to 60 per cent of buyers involved in an M&A transaction.
Meanwhile, later-stage funding for AR/VR is
Finistere Ventures, a global agrifood investment specialist, Israeli venture investor OurCrowd, Tnuva, an Israeli food manufacturer, and Tempo Beverages, an Israeli beverage company, are teaming up to focuse on investing in FoodTech and AgTech innovation in Israel.
Centered on Israeli technologies throughout the food and beverage value chain – from alternative proteins and nutritional value improvements, to functional ingredients and supply chain efficiency – the consortium will invest up to USD100m in local best-in-class agrifood startups.
The partnership was created following the Israeli government’s establishment of an innovation incubator in Northern Israel focused on FoodTech. Finistere Ventures, OurCrowd, Tnuva and
Ares Management Corporation is to become a minority shareholder in Volery and provide capital to support the firm’s operating and investment activities.
Volery is a private equity firm that provides growth equity and strategic support to leading investment managers that generate positive environmental and social impact. The firm also selectively pursues direct, co-investment and other opportunistic transactions alongside its core mandate.
“We are thrilled to be in business with Ares, a market leader that shares our strategic vision and will expand the breadth of our firm’s capabilities,” said Emanuel Citron, a Managing Partner of Volery. “The partnership will be instrumental
Maven Capital Partners (Maven), has led a GBP500,000 investment in back & posture care product specialist, Handsome Limited (Handsome).
A total of GBP250,000 was invested by NPIF – Maven Equity Finance (‘NPIF’), managed by Maven and part of the Northern Powerhouse Investment Fund, and GBP250,000 provided by the GMC Fund, along with the company’s lead China manufacturing partner.. The funding will allow the company to execute its ambitious marketing strategy to expand overseas, invest in product development and will create five new jobs in the region.
Cheshire based Handsome has developed a range of innovative, award winning products to
Regulatory compliance consulting firm, Argus Global has fully integrated two business acquisitions: Ace Success, a Singapore based secretarial, accounting and tax practices company; and Argus Compliance India Private Limited, a subsidiary company, based in India, offering a multi-disciplinary and comprehensive bouquet of services in Singapore and India.
“The company is already looking to expand in Asia within three years and has set a revenue target of SGD50 million within five years,” says CEO Sachin Gandhi.
Argus Global’s clienteles in Singapore are mostly entities who are regulated by, or wish to be regulated by, the Monetary Authority of Singapore (MAS) effective
Global tax software provider Sovos is to acquire Istanbul-based Foriba, a specialist in e-invoicing, e-delivery notes, e-receipts and periodic value-added tax (VAT) reporting in Turkey and beyond.
Following Sovos’ recent acquisitions of other real-time tax compliance leaders Invoiceware, Paperless and TrustWeaver, Foriba will further strengthen Sovos’ global tax solution built for a digital world, with tax determination, e-invoicing compliance and tax reporting solutions that help multinational companies Solve Tax for GoodTM everywhere they do business. With expert teams in Latin America, North America, western Europe and now Turkey, Sovos has the global capability to address the challenge of continuous VAT compliance as
Purpose Financial (Purpose) has acquired CreditGenie, a Canadian technology company that aims to support Canadian small and medium-sized businesses by providing a fully digital alternative payment solution, enabling their customers to increase purchasing power through instant credit adjudication at the point-of-sale.
CreditGenie, based in Toronto, was founded in 2016 by entrepreneurs Alex Kaplunov and Daniel Shain, currently partners with nearly 500 merchants across a broad range of industries, in 12 Canadian provinces and territories.
The acquisition of CreditGenie follows Purpose’s investment in the building of Ario, a Toronto-based banking-as-a-service technology platform provider, and its March 2018 acquisition of Thinking Capital,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
