Distributed Ventures, an early-stage venture capital firm specialising in insurtech, healthtech and fintech investments, has led a $6 million seed series investment in Posterity Health, a digital male fertility centre. Numerous preeminent digital healthcare executives also participated in the round, including Gerry McCarthy, CEO of Merative, Laurie McGraw, former SVP of Health Solutions at the AMA, and Don Holzworth, serial entrepreneur and Chairman of the Advisory Board at the UNC Gillings School of Public Health. Posterity Health’s Male Factor Management Platform offers a combination of virtual visits, at-home diagnostics and in-person consults to help assess and improve patients’ fertility status.

Groundworks, a foundation and water management solutions company backed by private equity firm Cortec Group’s Cortec Group Fund VII, has acquired Basement Systems of West Virginia. The company will now operate as Basement Authority of West Virginia (BAWV) and will significantly expand and bolster the Groundworks service area throughout the state. BAWV is the eleventh acquisition completed by Groundworks since Cortec Fund VII’s investment.  Terms of the transaction have not been disclosed.  

New York-based investment firm Bessemer Investors (Bessemer) has made a strategic investment in RotoCo, the largest franchisee of the Roto-Rooter Plumbing and Drain Service in the US and Canada. Bessemer is partnering with RotoCo’s existing management team, including Founder and CEO, Jim Holcomb, and President, Brian McCann, who will both continue to lead the Company in their current roles. Financial terms of the transaction were not disclosed.   For decades, Roto-Rooter and its franchisees have been some of the nation’s largest and most trusted providers of plumbing and drain cleaning services for both residential and commercial customers, and currently provide

Astorg is to acquire IPCOM, a pan-European B2B specialty distributor of technical and building insulation products, from Alpha Private Equity. Founded in 2010 and headquartered in Melle (Belgium), IPCOM today employs 1,100 people across 15 countries in 64 outlets and 15 conversion sites. The company has a well-diversified customer base, with more than 15,000 daily customers in a wide range of industries, and long-standing and loyal customer relationships. The group distributes more than 50,000 SKUs and manages more than 250,000 shipments per year.

Vitruvian Partners has acquired a majority ownership position in Outpost24, a specialist in identifying and managing cybersecurity threats and vulnerabilities.

Capchase, a provider of non-dilutive capital, has agreed more than $400 million in additional debt financing backed by i80 Group and an international banking group.

The Riverside Company, a global private investor focused on the smaller end of the middle market, has sold its investment in WorkStride, an enterprise rewards solutions business, to Prepaid Technologies, a leading provider of prepaid payment technology solutions based in Alabama. WorkStride offers a feature-rich SaaS platform that incorporates industry-leading front-end technology, powerful integrated rewards technology, strong engagement features and a unique wallet that have enabled the company to establish a strong market position in the provision of reward and incentive solutions for enterprise clients.  Riverside originally invested in the company in December 2012 as a portfolio company within its

Unison, a provider of procurement, supply chain, and contract management software to US federal government agencies and government contractors, has secured a strategic majority investment from funds affiliated with Madison Dearborn Partners (MDP), a private equity investment firm based in Chicago. As part of the transaction, funds managed by global investment firm Carlyle will sell a majority stake to MDP, while remaining a strategic partner as a minority investor.  MDP joins existing investors, Carlyle and Unison management, to provide additional resources and industry expertise to help Unison continue to enhance its innovative software offerings and growth trajectory. Financial terms were

Quadrata, a passport network bringing identity, reputation and compliance to blockchain applications, has announced a $7.5 million seed funding round, led by blockchain-focused venture capital firm, Dragonfly Capital. The raise also saw participation from institutional investors such as Franklin Templeton, Abra, GSR Ventures, Orange DAO, Fellows Fund, GreatPoint Ventures and August Capital. Prominent Angel investors include Balaji Srinivasan (FRM Coinbase), Ryan Selkis (Messari), Mathieu Nouzareth (The Sandbox), Zeneca (ZenAcademy) and Wilson Lee (The Littles). The funds will allow Quadrata to grow its ecosystem with the goal of integrating hundreds of dApps and offering the Quadrata Passport to millions of blockchain

Insight automation platform Zinklar has raised €5.5 million ($5.7 million) in a Series A funding round led by Caixa Capital Risc. New investors including UK-based Beacon Capital, as well as EASO Ventures, Full Global Investments and CDTI Innvierte, also participated in the rind. As part of the deal, a representative from Beacon Capital has joined the board, alongside Caixa Capital Risc, Inveready and Zinklar’s founders. Together, they will bring their extensive experience in scaling-up technology businesses.   Zinklar’s insights automation platform provides critical information about consumer needs and preferences to improve businesses’ decision-making.