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KYND, a provider of cyber risk management solutions for the insurance industry, has secured a GBP3.25 million investment from BGF.
KYND will use the investment to accelerate its rapid growth and global expansion plans, as well as continuing to develop transformative cyber risk technology to launch new products.
The company has achieved a 1000 per cent growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers and brokers, such as Beazley, Howden, Paragon and Alliant.
Back Market, a renewed electronics marketplace, has secured USD510 million in a Series E round led by new investor Sprints Capital.
Existing investors Eurazeo, Aglaé Ventures, General Atlantic, and Generation Investment Management also participated in the round with funds set to be used to allow Back Market to build on its position as a leading marketplace exclusively dedicated to the sale of expertly refurbished electronics.
After a surprisingly resilient 2020, private equity deal flow came roaring out of the gates in 2021, as fund managers looked to deploy record amounts of investor capital, while also taking advantage of buoyant listed equity markets to exit existing positions. Around 8,000 deals are expected to have been completed, conservatively annualising data to October 2021, with a combined value of more than USD800 billion, breaking the 2007 record of USD712 billion.
Mangata Networks (Mangata) has closed a USD33 million Series A round led by US-based venture capital firm Playground Global.
Mangata is developing a network of HEO (highly elliptical orbit) & MEO (medium earth orbit) satellite constellations, combined with the power of a terrestrial system of MangataEdge™ micro data centers, extending the cloud to the edge of the network close to users. This single core network will to provide scalable B2G and B2B connectivity, that is both affordable and accessible to anyone, anywhere on the planet.
Mangata Networks will initiate service for the entire Northern Hemisphere starting in 2024 with its
Lumina Capital Advisers has recently launched its 2022 cross-border insights report assessing the factors that are contributing to the growth in cross-border transaction activity between the UK and the Middle East.
The report notes the growth in UK-to-Middle East and North Africa (MENA) cross-border trade and deal activity between 2018- 2020, fuelled by Brexit, revenue diversification opportunities and the spotlight on MENA non-oil sectors and predicts 2022 to be a record year for cross-border M&A.
UK businesses have been expanding their operations across the Middle East as a result of Brexit-fuelled global geographic expansion. Since 2018, the Middle East’s
Quantum Workplace, a provider of employee engagement and performance software, has secured an investment from private equity firm, LLR Partners.
The partnership is expected to help accelerate the Company’s growth through continued investment in its industry-leading software platform and sales and marketing engine, as well as in the exploration of strategic acquisition opportunities. Quantum Workplace will also advance its data science-based analytics and people-focused intelligence solutions.
Livingbridge, a UK mid-market private equity investor, has agreed the sale of Carousel Logistics to Danish private equity firm Axcel.
The transaction will facilitate the combination of Carousel Logistics and DANX A/S, a Danish-headquartered logistics firm servicing the Nordic region and the Baltics.
Founded in 1986 by former CEO Graham Martin and Michael Martin, Carousel Logistics has grown into a pan-European logistics specialist delivering aftermarket solutions to organisations in performance and life-critical industries. It is headquartered in the UK, with offices across the Netherlands, Germany and Spain, and has 213 employees.
Livingbridge first invested in Carousel Logistics in
Griffin Real Estate has rebranded as Griffin Capital Partners to better reflect its position as a specialist in both private equity and real estate.
By changing its name and revising its visual identity, the company wants to highlight the shift to private equity that has taken place in Griffin’s investment strategy over the last years. The change also reflects and emphasizes the strong operational capacities of its team of top-class experts, not only in the area of real estate but also that of private equity.
eternalHealth, the first new health plan to be approved in Massachusetts since 2013, has raised another USD10 million in Series A funding.
This additional financing follows an initial USD10 million in Seed and Pre-Series A investment by successful healthcare and tech entrepreneurs last summer.
John Sculley, former Apple CEO, is involved in the Series A funding round and believes in the mission of eternalHealth, which is founded by Pooja Ika, the first woman at the age of 24 to launch a new Medicare Advantage Health Plan in the United States.
Bluon, a specialist in the HVAC-R space, has closed its Series B round with USD27.6 million in equity financing, adding to the USD9 million in already raised in venture debt.
The round was led by Bluon’s existing primary capital partner, Ecosystem Integrity Fund (EIF), and included significant participation from MacKinnon, Bennett & Company (MKB), a Canadian growth equity firm investing in innovative companies shaping the future of energy and transportation sectors.
Notably, the round also included participation from two significant HVAC industry players – Ferguson and Reece through their venture arms – Ferguson Ventures and Superseed Ventures, respectively.
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