Allocations
Modularbank has secured EUR4 million in a late Seed Funding round led by Karma Ventures and BlackFin Capital Partners, with additional support from Plug and Play Ventures, Siena Capital and angel investor Ott Kaukver, who is the ex-CTO of Twilio and Skype. The funding will enable the company to bolster its engineering and commercial teams, and further invest in its technology platform.
Modularbank’s cloud-agnostic core banking platform, built with an API-first approach, allows banks, financial services companies and any other business such as retailers, utility companies or telemedicine providers, to seamlessly integrate its modular banking technology into their existing infrastructure.
Polaris Private Equity is to divest Danish ferry operator Molslinjen A/S to EQT Infrastructure. Molslinjen has developed strongly under Polaris’ ownership since 2015 and expanded the business on the back of significant investments.Since 2015, Molslinjen has expanded from two to nine ferry routes and increased the fleet from three to 15 vessels, which serve up to eight million passengers annually. Molslinjen is today the largest domestic ferry company in Denmark with routes between Jutland and Zealand as well as ferry connections to and from Bornholm, Langeland, Als, Fanø and Samsø as well as Sweden and Germany. In addition, the company
Round2 Capital, an Austrian investment fund for growth financing, has invested a seven-figure sum in the Swiss EdTech scale-up Avallain. Round2 Capital is among Europe’s premier revenue-based financing ventures. This innovative approach to financing, which focuses on growth-stage companies, is easier to obtain than bank loans and offers more favourable conditions than venture capital. Round2 Capital invests in leading technology and software scale-ups in Europe. Avallain, the award-winning e-learning and edTech scale-up, plans to invest the funds in its product development pipeline for corporate use cases and in its international market expansion efforts.
Following Round2 Capital’s deepening of its two-year partnership
OpenFin, the operating system (OS) of finance, has secured a strategic investment from SC Ventures, the innovation, fintech investment and ventures arm of international banking group, Standard Chartered. The capital will accelerate new product development and brings OpenFin’s total funding to date to USD50 million.
OpenFin’s web-based OS has become the de facto standard in financial services for powering next-generation application and desktop experiences by creating interfaces that make the financial desktop simple and intuitive. Built on Google’s Chromium engine, OpenFin OS simplifies app distribution, unifies the digital workspace and enables seamless communication and workflow between apps. The software is now
Upvest, a Berlin-based startup offering the first plug-and-play pan-European securities API, has secured an additional EUR5 million in funding. The latest financing round was led by Earlybird and ensured the close of the Series A+. This additional funding follows an initial EUR7 million investment from Notion Capital, HV Capital and Partech. Upvest is also supported by fintech angel investors including Maximilian Tayenthal, founder of N26, Felix Haas founder of IDNow and Reiner Mauch, founder of Consorsbank.
Upvest’s Securities API is intended to transform the traditional, outdated and regulatory complex securities infrastructure. Designed as a simple gateway API that is easy to
Charterhouse Capital Partners (Charterhouse) is to invest in Lane Clark & Peacock (LCP), a professional advisory firm specialising in pensions, investment consulting and insurance. Charterhouse is partnering with the Partner group of LCP to acquire the Inflexion minority stake. As part of the transaction, LCP’s Partners will also increase their stake in the company.
LCP, which was founded in 1947 and is headquartered in London and Winchester, is the leading independent provider of pension and investment consulting services in the UK. The company also provides services in fast-growing areas including technology analytics; insurance regulation and risk advisory; health analytics; and
Creator Fund, a university-focused venture capital fund making strides to unearth startup innovation within European universities, is now focussing on its next stage of support for student-led ventures following the close of a new GBP1.5million fund. Creator Fund has also secured further backing from Founders Factory and from Schmidt Futures, the philanthropic initiative co-founded by Eric and Wendy Schmidt. This new fund will allow Creator Fund to help more ground-breaking ventures and visionary PhD founders in areas of the UK where there is exceptional technology talent, but are outside the major networks of venture capital money.
Creator Fund, which launched
geoLOGIC systems (geoLOGIC) has acquired DubsurfaceIO (SSIO), a digital technology provider of oil & gas cloud-based mapping & analytics solutions that connect and integrate public & proprietary data, enabling data access and workflows for users across different disciplines, domains, and teams.Based in Houston, Texas, SSIO’s modern and intuitive platform eliminates the requirement for continual data handling, cleaning, and loading processes through its unique data-agnostic micro-services architecture. When deployed and integrated with geoLOGIC’s trusted surface and subsurface data, users will be able to visualise, analyse and manipulate this wealth of information with the ease of use afforded by an advanced cloud-based
Rally Ventures, a specialist in business technology investing, has closed Rally IV, a USD250 million fund which will invest in Seed and Series A companies bringing innovative approaches to enterprise technology. Areas of focus will include cloud infrastructure, fintech, SaaS+ and security.
Rally Ventures had oversubscribed demand for this fourth fund, closing well above target, and bringing the firm’s total committed capital raised since inception to nearly USD600 million. The firm closed its last fund of USD150 million in 2018.
“We are committed to investing in the fastest-rising business technology entrepreneurs, and the close of Rally IV allows us
WilliamsMarston, a provider of complex accounting, tax and management consulting services advising public, private equity-backed, and pre-IPO companies, has acquired BA Major Associates, a provider of corporate tax advisory services focused on the biotechnology, pharmaceutical, medical device, healthcare, renewable energy and technology sectors. The terms of the transaction have not been disclosed.
Founded in Boston in 2007, BA Major Associates specialises in the accounting and reporting for complex corporate income tax and tax compliance services for both public and private companies. The acquisition of BA Major follows Align Capital Partners’ growth capital investment in WilliamsMarston earlier this year. The Partners
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
