Allocations
SEDNA, an intelligent communications system for high-performance teams at leading companies like Glencore, Norden, and Bunge, has secured USD34 million in Series B funding.
We’ve already surpassed the EUR45.1 billion that was invested into European-based startups in 2020 – with only half the year gone VC deal value is currently standing at a whopping EUR47.1 billion, according to Pitchbook’s Q2 VC report, released today (Monday, 26 July).
“Deal value in the first six months of 2021 has already beaten the full year record that was set in 2020. The pace set in Q1 was relatively strong, and then that increased to another record amount of capital in Q2,” said Nalin Patel (pictured), author of Pitchbook’s latest VC report. He doesn’t think this will slow
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company FlexXray Holdings, LLC (FlexXray) to Warburg Pincus and Tilia Holdings. Financial terms of the transaction have not been disclosed.
FlexXray is a leading provider of x-ray inspection services focused on food safety. The Company assists Fortune 100 food manufacturers with regulatory compliance and food safety issues by identifying and removing foreign contaminants. Hundreds of manufacturing plants throughout North America rely on FlexXray’s expertise and customer service to salvage valuable products when contamination events occur in the normal course of the food manufacturing process. FlexXray
Zenput, a specialist in operations execution solutions, has secured USD27 million in a Series C financing round led by Golub Capital with participation by existing investors, including Jackson Square Ventures, MHS Capital, and Goldcrest Capital.
This brings the company’s total funding to over USD47 million, on the heels of approximately 100 per cent revenue growth over the past year.
Founded in 2012, Zenput’s cloud-based operations execution platform is now used in over 60,000 locations across 100-plus countries by regional and global multi-unit operators, including Chipotle, Domino’s, PF Chang’s, Five Guys, Smart & Final, and 7-Eleven, to automate how operating
Sproutl, a UK gardening tech start-up that aims to open up gardening to a whole new generation of gardeners and get everyone to plant something, has today launched a curated online marketplace that celebrates the best brands and businesses in the gardening industry, having raised USD9 million in a seed funding round led by Index Ventures with participation from Ada Ventures.
Azora, a Madrid-based European private equity manager and one of Spain’s leading real assets investors, is to dispose of a 1.2GW Spanish renewable energy portfolio to Eni, the Italian based global integrated energy company.
The portfolio comprises three operational onshore wind farms, an onshore wind farm under construction (totalling 230MW between them) and five large solar energy projects in advanced stages of development (totalling c.1GW). The assets are located in the regions of Andalucía, Castilla la Mancha, Castilla y León, Cataluña, Galicia and La Rioja.
Azora and Eni will work together to ensure the entry into production of the
AuthenticID, a provider of Identity Proofing solutions for large enterprises, has closed a USD100 million minority investment from Long Ridge Equity Partners, a technology-focused growth equity firm.
The investment will support AuthenticID’s continued expansion within telecommunications, financial services, government, and other consumer segments looking to establish trust and mitigate fraud, as well as enable AuthenticID to support the next generation of digital identity platforms.
AuthenticID provides identity proofing solutions to leading enterprises, including some of the country’s largest telecom carriers and financial institutions. The solution also powers many of the leading digital identity platforms globally. AuthenticID provides document-centric identity verification
Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, has held the first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at USD120 million.
The fund is targeting a final size of USD250 million. Now with more than USD400 million of capital under management, Convergence Partners remains the largest private equity investor dedicated to digital infrastructure in Africa.
Investors in CPDIF are leading institutions that continue to support African growth such as the CDC Group (the UK’s development finance institution), the United States International Development Finance Corporation (DFC), the European Investment
European PropTech VC, Pi Labs, has announced two new investors who join as limited partners (LPs) for its third institutional fund, Fund III.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
Consultants see continued drive towards ‘alternative’ private debt, including regulatory capital and direct lending strategies
Consultants see continued drive towards ‘alternative’ private debt, including regulatory capital and direct lending strategies