Arrowpoint Advisory and Rothschild & Co have advised the shareholders of Order2Cash, a European B2B order-to-cash software provider, on its sale to Billtrust, a US-based B2B accounts receivable automation and integrated payments provider. Founded in 2000, Order2Cash is dedicated to making the management of the order to cash cycle as streamlined and efficient as possible.  Billtrust is a provider of cloud-based software and integrated payment processing solutions to simplify and automate B2B commerce.  The transaction reinforces Arrowpoint Advisory’s experience in the financial software sector.

Saigon Asset Management (SAM) is to become an equity investor in Anfin as well as a strategic partner. Both firms will collaborate to leverage SAM’s diverse portfolio of investment funds to expand assets offered on Anfin’s stock trading app, bolster corporate governance, and work with other institutional investors on future investment rounds. This expansion is poised to capitalise on increased interest in trading by Vietnamese retail investors, alongside a government push to do the same.  Anfin is Vietnam’s first fully digital broker, providing a mobile friendly app to deliver the next generation of tradable securities and wealth management products. 

Anrok, a sales tax solution for software-as-a-service (SaaS) businesses, has secured USD2o million in new funding to help software companies manage sales tax end-to-end and maximise future revenue potential. The funding was led by Index Ventures and Sequoia, with a valuation of over USD100 million. With this capital, Anrok will further extend its product offering for customers, expand its team, and further the vision of being the audit source of truth for the internet economy.

Counterpart, a management liability insurtech, has raised USD30 million in a Series B growth financing led by Vy Capital, a global technology investment company that has backed leading companies such as Coalition and Reddit. Prior investors also participated in the round, including Valor Equity Partners, an early backer of Tesla, SpaceX, Addepar and GoPuff, and Felicis Ventures, which has funded Plaid and Credit Karma, bringing Counterpart’s total capital raised to USD40 million. Counterpart will use the growth capital to expand its footprint in the USD20 billion private company management liability insurance market, scale its team and launch new products–including Crime

British Earth Observation scale-up Satellite Vu, founded in 2016, has successfully closed the second round of its Series A, bringing total investment to GBP20 million. Satellite Vu’s first funding round was led by Seraphim Space Investment Trust Plc, the world’s first listed SpaceTech Fund.  New participants in the second close include Contrarian Ventures, as well as US investors Lockheed Martin, and In-Q-Tel, Inc — notable for its mission to invest in cutting-edge technologies to enhance the national security of the United States.   The funding round highlights Satellite Vu’s rapid growth – the company raised its seed round funding of

Romco, an international metals recycler producing clean and sustainable essential metals that decarbonise the global supply chain, has secured USD6.2 million in a Series A funding round. Romco has sold 3.39 per cent of equity, valuing the company at USD180 million.  The Company has also signed up to private company share trading platform Asset Match, to provide more investors with secondary market access.

Kin Insurance, a direct-to-consumer home insurance company, has held the first close of its Series D round at USD82 million, with additional commitments for a second close totalling USD18 million. The funding was led by QED Investors with participation from returning investors Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management Ltd (doing its reinsurance business as HSCM Bermuda), Alpha Edison, Allegis NL Capital, Avanta Ventures (venture arm of CSAA Insurance Group, a AAA Insurer), and August Capital, and new investors Geodesic Capital and PROOF.VC. Kin had raised USD133 million in equity funding prior to this round, which comes on the

Prospect Hill Growth Partners (PHGP), in partnership with Jamie Weeks, has formed Legacy Franchise Concepts (LFC), a multi-brand platform focused on high-growth, multi-site consumer services concepts. The new company will leverage best practices in culture, marketing, finance and development to strengthen its world-class consumer brands and accelerate growth. LFC owns and operates the global rights to SweatHouz, an innovative relaxation, wellness and recovery concept, and is now the largest area developer for Dogtopia, a leading dog daycare brand with more than 185 daycares nationally. In conjunction with the transaction, LFC also acquired 60 Dogtopia licenses in California, Florida, Nevada, Ohio,