Legal & General has led a $60 million Series C funding round in electric car subscription service Onto. The round will enable the business to consolidate its position in the UK and expand into Europe, beginning with Germany. Existing investors including Alfvén & Didrikson, Accelerated Digital Ventures, Campden Hill, and the family office of Jim O’Neill, also participated in the round. The Series C raise brings Onto’s total funding to date to over $330 million in equity and debt.   Onto’s business model enables people to subscribe to an electric car on a monthly contract. The subscriptions are inclusive of

Dynamo Software, a provider of end-to-end cloud software solutions for the alternative investment management industry, has acquired data management specialist Smonik Systems. Smonik’s automated products for data collection, extraction, validation, and reconciliation will now be added to Synamo’s platform. Endowments, foundations, pensions, family offices, and funds of funds (FOF), will benefit from Smonik’s ability to reduce or completely eliminate manual data entry and processing. For example, with Smonik’s software, LPs can automate the collection and extraction of data for all investment types – including alternatives – while also adopting a data-agnostic approach to reconcile any two data sets.

The Riverside Company has acquired healthcare education company Rockpointe, a provider of accredited continuing education activities and related training for healthcare professionals. The acquisition is the second add-on to global private investor Riverside’s portfolio company Clinical Education Alliance (CEA) platform following the July 2021 purchase of MDOutlook, a provider of precision intelligence solutions that help life sciences companies develop and commercialise therapeutics and diagnostics in oncology. Rockpointe develops educational materials that are delivered either virtually or in-person and primarily generates revenue through grants from customers such as pharmaceutical sponsors, with no cost to training attendees. The company’s multi-channel offerings include

Concept Ventures (Concept), formerly known as RLC Ventures, has launched an oversubscribed £50 million pre-seed fund (the Fund) – including a £30m cornerstone commitment from the British Business Bank’s Enterprise Capital Funds (ECF) programme. Since launching in 2018, Concept has backed over 100 founders at the pre-seed stage, with investees seeing a 71% graduation rate from pre-seed onward (twice as high as the industry average). With two exits within the last two years (including Cliff.ai which was acquired by Gtmhub in June), prior funds are displaying strong returns.  Concept Ventures will invest in pre-seed stage founders reshaping how we “work, play,

Dawn Capital has a led a $20 million Series A funding round in RPA Supervisor, the creator of an Intelligent Automation Management (IA) platform. s16vc and existing investor MMC Ventures also participated in the round. This latest investment – coming just nine months after RPA Supervisor’s initial Seed round – will fuel the firm’s expansion in the US market and the development of new platform capabilities aimed at making Microsoft Power Automate Desktop an enterprise-grade automation solution. RPA Supervisor adds advanced monitoring and orchestration capabilities to an enterprise’s automation tools, bringing operational resilience to these mission-critical technologies and enabling companies

Wynnchurch Capital (Wynnchurch), a middle market private equity firm, has sold Foss Floors (Foss) to Mohawk Industries (Mohawk), a producer of floor covering products for residential and commercial applications in North America and residential applications in Europe. Foss is a specialist in non-woven needle punch floor coverings and specialty flooring products. With an unwavering commitment to environmentally sustainable and American-made manufacturing, the Company’s products are produced in state-of-the-art, computerised production facilities in Rome and Chatsworth, Georgia. Foss uses 100% recycled PET polyester made from post-consumer plastic drinking bottles and is one of the world’s largest needle-punch based manufacturers. Stifel Investment

Veritas Capital’s (Veritas) Veritas Capital Vantage Fund (Vantage Fund) has made a strategic investment in Epiq Solutions, a provider of software defined radio and turnkey radio frequency (RF) solutions for governments and enterprises. Epiq Solutions is now a portfolio company of the Vantage Fund, which targets opportunities in the middle market. Co-founders John Orlando, Aaron Madsen, and Michael Shogren will continue to lead the company and will retain a significant ownership position. Financial terms of the transaction were not disclosed. Founded in 2009, Epiq Solutions provides small form factor, SWaP-C (size, weight, power and cost) optimised software defined radio and

Mill Point Capital (Mill Point) has acquired URT United Road Towing (VMS), a specialist in vehicle management solutions for both public- and private-sector clients. Mill Point, a middle-market private equity firm focused on control-oriented investments in the business services, industrials and IT services sectors in North America, employs an Executive Partner model and has extensive experience investing in business services companies focused on federal, state and municipal government clients. For the VMS platform, Paul Colangelo, an executive with an extensive track record serving local and state government clients, will serve as the Company’s Vice Chairman of the Board. Colangelo is currently the

Mercury, Republic Asia, and Cryptology Asset Group have co-led a $15 million Series A funding round in Topl, creator of a blockchain built to drive impact initiatives and sustainable transformation for companies across the world. Following the company’s successful seed round in 2020, Topl has continued to focus on real-world use-cases with a focus on its quickly growing userbase. Topl has helped to track and monetise a variety of products across the globe, including conflict free diamonds, ethically sourced coffee, and fair-wage cocoa. Its blockchain has also helped measure and verify water usage in industrial processes and confirmed the cold

Copley Equity Partners (Copley Equity), a private equity firm and family office, has partnered with the management team of engineering services company, LJB Inc (LJB), to acquire an equity interest in the firm. Terms of the transaction have not been disclosed. Founded in 1966, LJB is a provider of civil and structural engineering, fall protection engineering and consulting, transportation engineering and traffic safety consulting, geospatial and water resources services. Headquartered in Miamisburg, Ohio, with more than 200 employees, LJB serves a wide variety of blue-chip clients across more than 40 states in end markets such as commercial, industrial, manufacturing, federal,