Tech company Spark EV is driving business development of its artificial intelligence-based journey prediction system for electric vehicles (EV) with a GBP50,000 investment from New Anglia Capital as part of its seed investment round. The company, which recently expanded into new premises at Lanwades Business Park near Newmarket in Suffolk, will use the investment to expand business development. This includes adding a trade manager to support overseas sales, particularly in Scandinavia, where it is already receiving strong interest.   Launched in 2017, Spark EV analyses live driver, vehicle and other data sources, such as the weather and congestion, using its

Property Brands, a provider of property management technology solutions, has secured an investment from Insight Venture Partners, a New York-based venture capital and private equity firm. Providence Strategic Growth, Property Brands’ previous lead investor, will retain a minority investment partnership going forward.   Headquartered in Knoxville, Tennessee, Property Brands provides software for property management, rent payment processing, background screening, and renters insurance. Property Brands is helmed by an executive team of proven entrepreneurs who have successfully built market leading SaaS companies.   “We couldn’t be more excited about this next phase of growth and innovation for our business,” says Lisa Stinnett,

Boston-based private equity firm, New Heritage Capital, (Heritage), has become a minority stakeholder in the Canada-headquartered Flying Colours Corp (Flying Colours), a refurbishment, completion and MRO business. The transaction, structured using Heritage’s Private IPO® solution, was ratified and signed by Flying Colours President, John Gillespie, and Heritage Partner, Judson Samuels, on 31 January 2018. Financial terms remain undisclosed.   Flying Colours will retain its management and operational independence, and will benefit from increased financial resources at a time of considerable growth. The deal enables Flying Colours to realise high-value projects which include expanding service lines, infrastructure development, and the building

Quilam Capital, which provides both debt and equity solutions to companies in the speciality finance sector, has announced its third deal since it launched late last year, a multi-million pound investment into Catfoss Finance, a specialist lender providing Asset Finance into the UK SME market. For more than 17 years Catfoss has been offering supportive, individual and practical financing helping businesses and the people they represent, grow and prosper.   Founded and run by a highly experienced team of professionals, Catfoss provides leases, HP and business loans to companies seeking to raise capital for new or existing assets.  Working with

Capzanine, a European private investment management company, is investing in Alphitan alongside the company’s existing management. Alphitan is the European specialist in the maintenance of electronic components and motorisation equipment used in industrial processes. Operating in numerous sectors (automobile, food processing, metallurgy, and more), Alphitan has a reputation for technical expertise that has led to its involvement in cutting-edge technologies (robotics, microelectronics and railway) and enabled it to develop close ties with the biggest manufacturers.   Based in Bordeaux, the group which employs 270 people and boasts sales of over EUR30 million, benefits from a strong international presence and in

Finomial, the leading global Compliant Client Lifecycle Management platform, announced today that technology fund Silver 8 Capital has made a significant strategic equity investment in the platform. Meredith Moss, Finomial CEO, says: “Silver 8’s investment enables us to continue our technical leadership – and to bring our platform to every segment of the financial services market.”   Finomial’s software supports clients across USD540 billion in assets, with over 450 funds using its platform, ensuring every interaction achieves client regulatory compliance.    “Finomial’s advantage stems from our deep SaaS orientation and strengths in data management and regulatory compliance – enabling financial

Sodexo’s strategic investment fund, Sodexo Ventures, has acquired a minority stake in Klaxit (formerly known as WayzUp), a start-up in the home-to-work carpooling space. Since its creation in November 2016, Sodexo Ventures has invested in start-ups with strong growth potential that add value to the company’s offer, as it pursues its vision of improving the quality of life of the 100 million people Sodexo serves around the world.   Klaxit, launched in 2014 by Julien Honnart and Cyrille Courtière, is the French leader in home-to-work carpooling. Drawing on a mobile application designed to meet the everyday needs of workers, and