Managers
2018 marked another record year for global venture capital financing, with a total disclosed value of USD185 billion (EUR165 billion) raised across more than 12,500 transactions, according to new analysis carried out by Hampleton Partners.
The company’s latest report reveals that total transaction volume grew five per cent per year from 2014 to 2018 across the globe, while total value raised grew by 13 per cent, suggesting that funding rounds are becoming larger.
The Asia-Pacific region registered the largest number of deals in 2018 at 6,676, followed by North America with 5,640 and Europe with 2,601.
Asia-Pacific also charted
Intechnica – a Manchester-based technology business – has closed a GBP2.85million funding round led by investment group Mercia.
The lead investment of GBP2.0million came from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. An additional GBP750,000 was invested by Mercia Technologies PLC and GBP100,000 by existing private investors as part of the funding round.
The funding will help the company to grow its cyber security division, Netacea, in the UK, North America and other international markets, and expand Intechnica’s consultancy services.
Founded in 2006 by Jeremy
VSS portfolio company Coretelligent, a provider of comprehensive managed IT and private cloud services, has acquired managed services IT firm United Technology Group. Financial terms of the private transaction have not been disclosed.
United Technology Group specialises in co-managed technology services, including cybersecurity, professional services, hardware and software sourcing. United Technology Group is a leading cloud reseller and IT managed services provider in the Southeast, offering collaborative support and business technology alignment to a broad base of customers in the region.
With this acquisition, Coretelligent cements their nationwide reach by adding an office in Atlanta, joining the four current Coretelligent
Simudyne, a simulation technology company, has closed a USD6 million Series A fundraise, led by Barclays alongside a distinguished set of institutions.
The new funding round includes Graphene Ventures, an early investor in Snap and Lyft, and Gauss Ventures, whose team were early investors in Revolut and Tandem, bringing total capital raised since Simudyne was formed to USD10 million.
With a 600 per cent year on year increase in revenue in 2018 following the addition of new global banking clients, Simudyne has grown to 30 staff members including six PhDs with expertise across fields such as market simulation, fraud
Clearwater International has advised the shareholders of Littlefish, a mid-market outsourced IT services provider, on securing a significant investment from private equity firm LDC and debt facilities from HSBC to support its growth strategy.
Littlefish is a fast-growing and award-winning provider of outsourced IT services. The business delivers tailored managed IT service solutions and consultancy through a unique service proposition, with customer satisfaction at its core. Littlefish’s service solutions are provided to private and public companies, increasing business productivity and cost efficiency whilst delivering an enhanced user experience. The business employs over 200 staff, spread between its Nottingham and Manchester
London-based software and accreditation specialist, Accredit Solutions, has raised a significant sum of funding from angel investor Andy Center, ex-CEO of CloserStill Holdings Ltd.
Accredit Solutions will use the financing to continue expanding its global reach into Australasia and the USA, accelerate product innovation, development of a client resource centre, expansion of its account management team, and the launch of Accredit 365 – a new product focusing on day-to-day contractor management.
Recently celebrating its second birthday as a stand-alone company, Accredit Solutions’ pioneering accreditation software has been rapidly adopted by stadium operators and tournament organisers across the world.
Prestige Funds, a provider of private finance to the UK’s agriculture, clean energy and SME markets, has agreed to a GBP23.2 million funding deal to finance the construction of a 2.5MWe (700 nm3/h biomethane) ‘gas to grid’ anaerobic digestion plant in Kent.
The plant will take approximately 20 months to build and is the second project to be announced in Kent in 2019. The deal is the latest in a long series of financing agreements to fund anaerobic digestion (AD) facilities in the UK, which are helping farm, food and agri businesses to process waste into energy.
Prestige Funds, via
Videalert, a supplier of intelligent traffic management and enforcement solutions to local authorities, has been acquired by Marston Holdings, one of the UK’s largest transportation and enforcement services group.
David Richmond, CEO of Videalert Limited, says: “We are delighted to become a key part of Marston Holdings, as it will enable us to accelerate our development strategy and fully exploit the growth potential for our products and services within the Parking and Intelligent Transport sectors. Our rapidly expanding client base will not only see further developments from Videalert, but also the integration and application of technologies from the expanded Marston
Horizon Capital has invested in specialist software and data analytics businesses ResearchBods and Bonamy Finch to form STRAT7. The combination creates a leading customer insights group with proprietary software and a strong data analytics capability.
The group consists of three specialist capabilities; ResearchBods which utilises proprietary software to harness customer data and intelligence, LiFE which provides data enrichment services incorporating AI and machine learning, and Bonamy Finch which creates actionable insights through primary research and advanced data analytics.
Demand for STRAT7’s technology-led customer insight and advanced analytics services is growing at a significant rate driven by the proliferation in the
OpenGamma, a specialist in derivatives analytics, has raised USD10 million in funding led by early-stage fintech and B2B software venture capital firm Dawn.
The funding round includes participation from existing investors Accel, CME Ventures and ex-SunGuard CEO and prolific fintech angel investor Cristóbal Conde.
OpenGamma’s analytics solutions allow the world’s banks, hedge funds and asset managers to dramatically reduce the cost of trading derivatives. New regulation is forcing firms to post billions in capital to take market positions with significant increases over the next two years. This is at a time when returns are already under extreme pressure. As
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