Latest News
Modumetal, a provider of nanolamination coating technologies, has raised USD14 Million in Series A-2 funding led by Atlas Innovate and Rotor Capital.
Modumetal also added two independent members to its Board of Directors: Tushar Porwal, an automotive industry leader and current Head of Manufacturing for BrightDrop, GM’s brand of electric commercial vehicles; and Robert Workman, an oil and gas industry executive and current CEO and Director of PSS Industrial Group.
Modumetal will use the funding to further accelerate commercialisation of its oil and gas coating solutions, scale its operations, and expand its customer base in new key industries that include
Aleo, a leading platform for building private blockchain-based applications, has raised USD200 million in a Series B funding round led by Kora Management and SoftBank Vision Fund 2.
Tiger Global, Sea Capital, Slow Ventures, Samsung Next, and Andreessen Horowitz (a16z), also participated culminating in a valuation of the company at USD1.45 billion.
Following the company’s USD28 million Series A, which was led by a16z in April of 2021, Aleo’s Series B represents the largest fundraising round ever in the zero-knowledge industry.
Clyde Munro Dental Group has been given a further GBP25 million war chest for acquisitions – after getting the green light from its biggest backer for a new funding package.
Already Scotland’s biggest independent dental group, the firm will now embark on a period of further growth through acquisition, with the additional funding package from international banking and wealth management firm, Investec.
Since it was created in 2015, founder Jim Hall has steered Clyde Munro from seven practices to 54 across Scotland, with more than 200 dentists, 400 staff and 460,000 patients.
The funding package also includes an
HIG Capital (HIG) portfolio company, Concord USA (Concord), has acquired SwiftWIN Solutions (SwiftWIN).
Headquartered in the US with offshore development centres in India, SwiftWIN provides technology consulting and digital services, specialising in customer experience, ecommerce, digital marketing, data analytics, and cloud applications.
Technology has had a deep-seated impact on the way private equity investment operates. But as macro tech forces move at pace, PE firms should approach business technology in a holistic manner and focus on solutions related to cloud, risk and digital experience.
The main areas PE firms should, at least, be aware of are digital experience, cloud, risk, business technology, core modernisation, digital reality, cognitive and blockchain. And although momentum is building in each of these, George Ralph, Global Managing Director and CRO of, RFA believes some are worthy of greater attention as PE firms start to enhance their digital
Nordic buyout investor Polaris Private Equity (Polaris) has held the first close of Polaris Flexible Capital (PFC) at DKK500 million. The fund has a final total target of DKK1 billion.
PFC is a new fund launched by Polaris in 2021 to make investments in subordinated loan capital (junior capital etc.) and minority shareholdings. The Fund will make capital available to companies which need financial backing while maintaining control of their business, and is expected to begin to deploy capital this quarter. The closing follows Polaris’ successful completion of fundraising for its latest flagship vehicle, Polaris Private Equity V K/S, which
Pemberton, an alternative credit specialist, has appointed Matthew Kirsch as Managing Director in its 10-people strong Credit team, led by Pemberton’s Chief Credit Officer Nicole Gates.
Kirsch brings over 15 years of experience in the European leveraged finance market as both a credit analyst and originator. At Pemberton, he will be joining the company’s independent Credit team as a Managing Director, advising on the credit risk associated with new opportunities and existing investments.
Prior to joining Pemberton, Kirsch spent over 3.5 years at Apollo, where he was the founding member of the firm’s European Private Credit team, focusing on
The Off Grid Electricity Fund (OGEF), a renewable energy access fund for Haiti supported by the World Bank, has provided a USD230,000 investment in the form of debt financing and catalytic grants to Alina Eneji to pilot mesh-grid technology at scale.
Alina Enèji’s is a Haitian company established in 2021 to provide reliable, clean, and affordable, energy to rural households in the country. It launched an initial pilot of 35 households in the Dulagon area with Okra Solar, whose mesh-grid technology enables households to access clean and productive power.
OGEF was launched by the Haitian Government in 2019 with
NPIF – Maven Equity Finance, managed by Maven Capital Partners (Maven) and part of the Northern Powerhouse Investment Fund (NPIF), invested a total of GBP17 million in 14 dynamic, high growth businesses in 2021.
In addition to the direct investments, NPIF – Maven has also successfully leveraged an additional GBP34 million in private sector finance for local businesses creating 402 new jobs last year alone.
Appointed by the British Business Bank in February 2017, Maven manages GBP96 million worth of equity finance after being allocated an additional GBP15 million to invest in businesses until the end of 2023 for the
m3ter, a metering and pricing engine for SaaS companies, has launched from stealth with USD17.5 million in funding from Kindred Capital, Union Square Ventures and Insight Partners.
m3ter’s early traction corresponds with a rapid increase in the number of SaaS businesses switching to usage-based pricing (UBP), a pricing model becoming popular because charging customers for what they consume allows for easier adoption, costless upsell, better margin control, and greater customer satisfaction.
The funding will help the company to build on its early traction and meet growing global demand for its product with new hires in Europe and the US.
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