Allocations
Foresight Autonomous Holdings, a specialist in automotive vision systems, has raised USD5.5 million through a private placement agreement with Harel Insurance, an Israeli institutional investor.
Following the closing of the private placement, Harel Insurance will hold an aggregate of approximately 8.15 per cent of Foresight’s issued share capital.
Foresight, subject to customary closing conditions, will issue 9,756,097 ordinary shares at a price per share of NIS 2.05 (approximately USD0.56 per ordinary share, or USD2.81 per ADS). In addition, Foresight agreed to issue warrants to purchase 9,756,097 ordinary shares at an exercise price of USD0.80 per share (approximately USD4 per
BGF has invested GBP3 million of growth capital into Cardiff-headquartered DevOpsGroup, a UK professional services company specialising in DevOps engineering consultancy and training.
This deal represents BGF’s first investment in Wales since it announced the launch of its Cardiff office earlier this year.
Founded in 2013 by chief executive James Smith and CTO Steve Thair, DevOpsGroup empowers digital transformation through high-performing IT capabilities for both enterprises, including ASOS, Admiral Insurance, BAE Systems, and Vodafone, and scale-ups.
In five years, the business has grown to a team of 70 specialists, based in Cardiff and London, with revenues of more
Twin Brook Capital Partners has served as sole lead arranger and administrative agent of USD17.5 million of financing to support Sterling Partners’ leveraged buyout of Academic Programs International (API).
API will now look to expand its safe, high-quality education abroad programs and services to as many US students as possible.
Of the nearly 20 million college-aged students in America, less than 330,000 go to another country each year to study, teach, work, intern, or volunteer. With expanded resources, API can offer universities new technology, innovative programming, and additional education products to help more students have diverse academic and cultural
KKR is to acquire a 49.99 per cent stake in new tower company, SFR TowerCo. The deal is subject to regulatory approvals in France and is expected to close in Q4 2018.
SFR TowerCo will comprise of 10,198 sites across France currently operated by SFR. KKR’s financial and operational support will help drive the continued growth and development of the company’s portfolio, strengthening its position as a leading telecom infrastructure provider in France. The transaction will give SFR TowerCo an enterprise value of EUR3.6 billion.
Under the terms of the deal, KKR and Altice France will partner to develop
ECM Equity Capital Management (ECM), a German private equity firm headquartered in Frankfurt am Main, has held the final closing of its new fund German Equity Partners V (GEP V) in June 2018 at its hard cap of EUR325 million in investor commitments – exceeding its original EUR300 million target.
Formally launched in January 2018, fundraising for GEP V was completed by early May, when the fund was fully allocated based on demand well in excess of the fund cap. This demand was underpinned by a strong existing investor base. GEP V welcomed approximately 20 institutional investors which are
AdoRx Therapeutics, a UK based drug discovery company focused on the identification of new cancer therapeutics, has closed an initial USD10 million investment round financed by Epidarex Capital and CRT Pioneer Fund (CPF).
AdoRx was founded in 2017 by leading healthcare investor Epidarex Capital and has assembled a group of highly experienced pharma industry veterans led by Pete Finan, former head of the Novartis Institutes of BioMedical Research UK site. The company will focus on the discovery of new modulators of the adenosine pathway for the treatment of cancer.
Commenting, Pete Finan, CEO of AdoRx, says: “High levels of
Matr, an online teaching platform, has closed a GBP4.75 million Series A investment round led by the UCL Technology Fund and Downing Ventures, with follow on investment from Ananda and innovation charity Nesta, and Sherry Coutu joining as an angel investor.
The company has now raised GBP8.25 million in funding.
Following an initial focus on providing online teaching to support children in UK schools, via the company’s Third Space Learning brand, the new investment will be focused on developing the Matr platform to support families at home, catering to a global teaching and student base.
The UCL Technology
SharesPost, a liquidity provider to the private technology growth asset class, has closed a USD15 million Series C round led by LUN Partners and Kenetic Capital.
The funding will be used to build out SharesPost’s Alternative Trading System (ATS) for private company shares and security tokens and to further expand its global reach into Asia.
“Our strategy is to create a single, global marketplace for traditional and digital securities of private growth companies. Connecting US and Asian investors and companies on our ATS is a key objective in realising that vision,” says Greg Brogger, Founder and CEO of SharesPost.
Silexica, developer of the SLX programming tools, has completed a USD18 million Series B round of financing, led by The EQT Ventures Fund (EQT Ventures), plus existing investors Merus Capital, Paua Ventures, Seed Fonds Aachen and DSA Invest.
The complexity of software design is evolving rapidly, with embedded supercomputers required to deliver trillions of actions every second for systems such as autonomous cars. Due to the shift to the computing everywhere era with increased connectivity and rapid data processing, complex new computing architectures are becoming increasingly difficult to program manually.
Silexica has been developing the SLX programming tools since
SmartAsset has raised USD28 million in Series C funding. The new investment, which comes from Focus Financial Partners (backed by Stone Point Capital and KKR), Javelin Venture Partners, TTV Capital, IA Capital and Citi Ventures, among others, increases the company’s total funding to more than USD51 million.
SmartAsset plans to use the funding to further grow its audience, as well as expand its fast growing SmartAdvisor platform, which matches consumers to financial advisors.
The six-year-old Y Combinator company provides personal finance information and tools to more than 45 million people each month. Powered by proprietary Automated Financial Modelling software,
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