Allocations
Later stage VC and growth capital firm IVP has closed IVP XVI, a USD1.5 billion fund. This is the largest fund in the firm’s 37-year history and brings cumulative committed capital to USD7 billion.
IVP XVI was significantly oversubscribed, with the firm’s existing Limited Partners contributing the vast majority of the capital.
As an investor in innovative companies such as AppDynamics, Domo, Dropbox, The Honest Company, Slack, Snap, Supercell, Twitter, and ZipRecruiter, IVP remains committed to its focused strategy of supporting innovation at the growth stage and partnering closely with exceptional management teams throughout the United States. Since its
Britbots, the mentoring organisation devoted to supporting British-based robotics start-ups, has launched Britbots CROWD, the world’s first dedicated equity crowd-funding platform for high potential companies in field of robotics and associated technologies.
Many of the companies listed will have already been backed by the British Robotics Seed Fund, which raised in excess of GBP500,000 in its first fund, and will announce the opening of its second fund later this autumn.
As automation and robotisation drive significant productivity improvements across the global economy, the Britbots CROWD platform gives private investors the opportunity to build up a personal share-portfolio comprising of
Coinsilium, an investor that finances and manages the development of early-stage blockchain technology companies, has announced its interim results for the six months ended 30 June 2017.
The company has reported total comprehensive income, which includes fair value gain on available for sale financial assets, of GBP290,210 (H1 2016: loss of GBP258,533). The loss for the period from continuing operations reduced by 24 per cent to GBP205,378, (H1 2016: loss of GBP269,756), while the loss per share of GBP0.02 compares with a loss of GBP0.04 for H1 2016).
Available for sale financial assets amounted to GBP1.6 million at 30 June 2017 (31 December 2016:
Home Inc, a social e-commerce platform for the home furnishing industry, has completed a USD5 million Series A+ round of financing led by Sky9 Capital with participation from existing investor Capital Today.
Home Inc is a social e-commerce platform for furniture and home furnishings in China. The Hangzhou-based company provides an online platform that utilises an innovative, sharing-economy approach to sales and marketing, connecting prospective customers with prior customers both online and offline. The company is different from other furniture e-commerce companies because it provides a network of virtual showrooms, called “Lifestyle Homes”, for prospective customers to personally experience the products
Actua Corporation has entered into separate agreements to sell its three majority-owned businesses – VelocityEHS, Bolt Solutions and FolioDynamix – for an aggregate of USD549 million in cash.
The sales are the result of the Board’s comprehensive review of a range of strategic options to maximise stockholder value, which was undertaken with the support of independent financial and legal advisors.
The Company expects to realise aggregate cash proceeds in the range of between approximately USD472 million and approximately USD502 million and does not currently expect to pay material federal taxes in connection with the transactions. Following completion of the
RNC Minerals (RNC) has entered into a USD4 million 18-month Convertible Term Debt Facility with Pala Investments Limited (Pala).
Mark Selby, President and CEO, says: “I am pleased to have this investment by Pala, one of the world’s leading mining private equity groups and an investment leader in the battery materials sector. This investment highlights the position of the Dumont Nickel Project as one of the world’s largest resources of both nickel and cobalt, two key components of the batteries used in the growing electric vehicle market. Dumont is the only fully permitted, shovel ready, large scale nickel and cobalt project
M&A specialists from Carey Olsen’s Guernsey corporate team have advised long-standing client and Toronto Stock Exchange (TSX)-listed Avnel Gold Mining Limited (Avnel) on its successful acquisition by TSX-listed Endeavour Mining Corporation (Endeavour) by way of a Guernsey scheme of arrangement.
Endeavour, a premier intermediate gold producer focussed on assets in the West African region, has acquired all of the issued and outstanding ordinary shares of Avnel in exchange for the issue of new Endeavour shares.
Avnel is a gold mining, exploration and development company with operations in southwestern Mali in West Africa. Its focus is to develop its 80
The three Northern VCTs – Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC – have launched a new joint share offer, to raise an aggregate of up to GBP60 million (GBP20 million per fund) in the 2017/18 tax year.
Applications under the offer will be dealt with on a first come first served basis, except that existing shareholders in each of the companies will have priority application rights until 13 October 2017. In previous launches the VCTs have experienced strong demand from investors, and in recognition of this all applicants are encouraged to submit
Maven Capital Partners has announced VCT offers to raise up to GBP30 million (with an over-allotment facility for up to a further GBP10 million).
Maven is launching the offers to take advantage of the strong pipeline of new transactions which is in evidence across the Maven regional office network.
For the first time investors in Maven VCTs will have the option to complete and submit an application and payment online by visiting a new dedicated and secure investment portal operated by Capita Asset Services which is the Receiving Agent and Registrar for the Maven VCTs. This new system has
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, is leading an investment in ADC Biotechnology (ADC Bio) to support the construction of a dedicated pharmaceutical manufacturing facility at a site in Deeside, North Wales, creating 50 new scientific jobs.
The facility will cost GBP8 million to construct, a substantial part of which has been funded by a syndicate of technology investors, which includes Maven VCTs, Seneca and Finance Wales, and the Welsh Government, which is providing a grant.
ADC Bio operates in the highest growth sector within oncology therapeutics and has developed a unique
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
