Thomas H Lee Partners (THL), a premier private equity firm investing in middle market growth companies, has made a strategic growth investment in Carpe Data, a provider of emerging and alternative data products for the insurance industry. With the investment, THL will become the majority shareholder of Carpe Data, while the company’s founders and management will continue to hold a meaningful stake, as well as a group of existing strategic investors. Headquartered in Santa Barbara, California, Carpe Data uses proprietary algorithms and AI to transform emerging and alternative data into predictive and actionable insights for insurance carriers across the globe.

The Change Company, America’s Community Development Financial Institution (CDFI), and its affiliates have raised $88 million of cumulative, perpetual preferred equity membership interests (Preferred Equity) through two private placement offerings. The Change Company and its affiliates have successfully raised over $400 million over the past eighteen months to expand access to capital to low-income borrowers and communities. The Offerings – which received investment grade ratings from Egan Jones – were completed through issuances of cumulative, preferred equity at both The Change Company and its subsidiary, Change Lending, LLC. Performance Trust Capital Partners served as the exclusive financial advisor to The

Night Store Limited (Night Store), a Derbyshire-based nightwear retailer and wholesaler, has secured a GBP500,000 funding package from MEIF Maven Debt Finance, managed by Maven Capital Partners (Maven), to expand its product range and create new job roles. The funding will enable the business to invest in marketing to grow its digital presence online, and to purchase new stock to expand its product portfolio, as well as increasing its warehouse capacity to service its growing number of customers. Night Store also aims to strengthen its senior management team by making three key hires in the next 12 months. Based at

Turquoise, a UK merchant bank specialising in energy, environment and efficiency, has announced a follow-on investment by Low Carbon Innovation Fund 2 (LCIF2) in SKOOT ECO GROUP. This forms part of a capital raising round of over £1 million, which will support the business up to a planned institutional Series A in the next 12 months.   SKOOT was founded in 2019 to promote and facilitate lift sharing amongst friends and colleagues. Since then, SKOOT’s services have expanded to support companies on their low- carbon journey, including measuring emissions, where possible avoiding or reducing emissions, and offsetting the difference. LCIF2

Bengaluru headquartered PhableCare, one of India’s largest chronic disease management company, has raised Series B funding of $25 million within one year of closing its Series A. The round was led by Kalaari Capital with participation from Aflac Ventures, Digital Horizon, Stride Ventures. Existing investors, Omron Ventures, SOSV, Social Starts, and Fresco Capital also participated in the round. The start-up has plans to acquire other players through strategic investments, which will consolidate PhableCare’s position in the category. The company has allocated capital and secured additional venture debt to invest in other health-tech startups that can potentially create a thriving healthcare

LucaNet AG (LucaNet), a German-headquartered financial consolidation and planning software business, has agreed a strategic investment from Hg, a global software and services investor. This marks a key milestone in the company’s growth and ambition to become a global leader in Corporate Performance Management software. Hg will invest a majority stake in the business alongside the current majority shareholders – Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon – who will maintain a substantial minority share and support the company in its next phase of growth. Duchon will serve as the CEO.  Terms of the transaction, which is subject to customary

Coinpanion, an Austrian start-up for easy entry into the world of crypto investments, has increased its €1.8 million seed investment from last autumn to a total of €5.5 million making it one of the largest seed investments in Austrian start-up history. Founded in Vienna, the FinTech platform Coinpanion enables anyone to profit from the cryptocurrency market without requiring in-depth knowledge.  No less than three other internationally renowned investors are joining Coinpanion as part of the follow-up financing round, and want to support the Vienna-based FinTech in its further expansion. They include US investor Wicklow Capital, early-stage investor in crypto-custodians Ledger,

Applied Monitoring, the Durham-based developer of sensor technology that can detect alcohol and drugs in a person’s blood by scanning their skin, has raised a £600,000 investment to enable it to commercialise its product. The funding round was co-led by the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia, and the Finance Durham Fund, managed by Maven Capital Partners, established by Durham County Council and overseen by Business Durham.   The deal also includes a £100,000 investment from the Centre of Processing Innovation to support further research and development of its technology.

Align Capital Partners (ACP) has closed two strategic add-ons for Protegis Fire & Safety – Florida-based Metro Fire Protection Services, and Ohio-based PDS Systems, LLC (“PDS”) in April 2022. Founded in 1983, Metro provides installation, inspection and repair services to commercial customers in a variety of end markets. Co-owner Doug Crawford will continue to lead Metro as a member of the Protegis team.  Since its founding in 1994 by Phil Sisia, PDS has been dedicated to being a one-stop-shop for its customers’ fire alarm and access control systems. PDS specialises in the design of fire and smoke detection alarm systems,

Data and technology company mnAI has acquired the assets of connected data specialist Regulation Technologies Limited to further enhance mnAI’s data driven insight offering. mnAI is a data, insight and analytics platform that uses proprietary technology to provide enhanced research, analytics and due diligence on all UK companies. Utilising cutting-edge algorithms, it specialises in building hard-to-obtain datasets, including ESG and Relational Networks, on private companies. Regulation Technologies Limited is a provider of “connected data” solutions. It helps financial and professional service organisations to mitigate risk and enhance KYC and KYB practices with a connected dataset of all UK companies and