Forestreet, a next generation research platform has secured a  GBP2.75 million capital investment from Guinness Ventures, advised by White Horse Capital. Forestreet has developed an automated research platform which can map every company and product in a market, down to feature level, on demand. The Forestreet AI engine processes millions of data-points to provide real-time, data-led insights. The new funding will allow Forestreet to increase its target audience – from its existing base of procurement, M&A, private equity and investment professionals – to a wider range of end customers in different sectors, enabling users to generate bespoke, comprehensive, granular and

Palex, a distributor of high value-added MedTech equipment and solutions in Iberia, has announced today the bolt-on acquisition of Gada, a leading player in the Italian market. Since 2016, Palex has completed more than 12 bolt-on acquisitions. This is the second add-on since Fremman Capital acquired a majority stake in the company in December 2021.    Gada is a leading distributor of medical devices for cardiovascular, blood management, and intensive care, and an experienced provider of integrated healthcare services to hospitals.

UK digital bank Chetwood Financial (Chetwood) has extended its Banking-as-a-Service (BaaS) capabilities with the acquisition of core banking provider Yobota. Founded alongside the bank in 2016 and developed as a separate entity, Yobota is a London-based technology company that has built a fast, flexible, cloud-native core banking platform. The platform allows companies to create and run innovative financial products, and manage them independently.    Following the acquisition, Yobota will continue to deliver the core banking system (CBS), on which businesses can run fully compliant financial services whilst leveraging Chetwood’s banking licence. The combined strength of the businesses will increase operational

Tarana Wireless has raised USD170 million at a USD1 billion valuation from preeminent venture and institutional investors to support their rapid growth. The round was co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab.  Also participating were Michigan State Pension Fund, I Squared Capital, and two other large, industry-leading institutional investors.

London-based retailer agnostic mobile app Slip has secured GBP750k in a pre-seed fundraise ahead of its summer launch. Founded in 2021 by Tash Grossman and Eddy Herman, Slip aims tosimplify the retail experience for customers by allowing its users to receive digital receipts via QR codes, view and manage their omnichannel spending and receive exclusive discount offers and personalised content based on their buying habits.  The company is backed by renowned retail experts with its advisory team having over a century of retail and IT experience at companies including Sainsbury’s, IBM, House of Fraser, Accenture, FARFETCH, John Lewis, Harrods and

Paragin, an education technology (EdTech) software company based in the Netherlands that provides solutions for the development of competency, knowledge and talent of students and professionals, is partnering with leading mathematics software specialist SOWISO. The collaboration is backed by software investor Main Capital Partners (Main). The combination of Paragin and SOWISO represents the first add-on acquisition for the buy-and-build strategy of the EdTech group since Paragin started its collaboration with Main in 2021.

Mitek, a leader in digital identity (ID) verification and fraud prevention, has acquired UK KYC (know your customer) technology specialist, HooYu. The acquisition helps to ensure businesses know the true identity of their customers by linking biometric verification with real-time bureau and sanction database checks. Through this acquisition, organisations gain a more complete picture of the consumer by marrying biometrics, ID document validation, geolocation and identity confidence scoring with real-time data signals such as bureau checks or matches to politically exposed person or sanction lists. HooYu’s orchestration capabilities will enable Mitek customers to optimise workflows and accelerate the deployment of

Handle.com, a software platform for construction payment compliance, has closed a USD10 million Series A funding round led by Energize Ventures and Ironspring Ventures. Handle will leverage this funding to expand its support, engineering, and sales teams across the country. Backed by Y Combinator, Handle already has some of the largest names in construction as customers, including publicly traded and Fortune 500 companies such as CRH/Oldcastle, and US Concrete.