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Unified Comms, Contact Centre and Cyber Solutions provider, Babble, has acquired 81G Blue. The deal is the third completed in three months and the seventh since the start of 2020.  The deal continues Babble’s rapid buy and build strategy, which has been complemented by robust organic growth over the last 12 months. The acquisitive business has now completed seven deals since the start of 2020, three of which have been undertaken since the well-publicised backing from lead investor Graphite Capital.   With customers situated nationwide, 81G Blue is a fully managed service IT solutions provider which will enhance and expand
Somit Goyal and Steve Phillips, GovGrant
By Steve Phillips, CFO, and Somil Goyal (pictured, far left with Philips), Investment Lead, at GovGrant – After the turmoil of 2020, there are signs of growing optimism in markets. Accelerating vaccination programmes are feeding investor hopes of a return to normal life and business activity in 2021.
Nordic Capital has signed an agreement to sell MFEX, a global independent fund distributor, to Euroclear. During Nordic Capital’s ownership, MFEX has successfully repositioned itself from a Nordic player to a pan-European leader with an emerging global presence.  The new owner Euroclear is a provider of financial market infrastructure services and believes it is ideally placed to support the next phase of MFEX’s growth and development.   The two companies are complementary and will build on each other’s strengths. The combination of MFEX’s innovative distribution platform with Euroclear’s FundSettle post-trade operations expertise will create a unique and compelling offering for
Zobi, the developer of domestic cybercrime solution Hedgehog, has secured USD1.5 million of funding to bring Hedgehog to life and create Zobi Home Intelligence, the brains designed to help users manage and keep their online identity safe through digital guardians. The investment was led by Worth Capital with Loyal VC and supplemented through a blend of angel funding and a hugely successful Seedrs campaign. The cash injection means that the British AI tech startup, which only launched in 2020 now has the potential to realise its full ambitions, further developing Hedgehog and Zobi Home Intelligence, creating what they believe to
Hornetsecurity Group, a cloud email security provider, has made its second acquisition this year – email protection specialist Zerospam, which comes hot on the heels of its acquisition of worldwide backup solution provider Altaro in January. Zerospam is a fast-growing business that serves more than 4,000 small, midsized and enterprise customers worldwide via an ecosystem of 400+ partners focused primarily on Canada and the US. It is a recognized leader in providing cloud-based email security solutions to the SMB market across North America, helping them block unwanted emails and combat cybercriminals.   Providing customers and partners with innovative and safe
US Bank announced it is expanding services to include Irish Limited Partnership (ILP) funds, providing an end-to-end solution across loan administration, fund and investor services, depositary, custody and account banking. Ireland ILP in Focus 2021 Special Report  “We’re presently meeting with current and prospective US Bank clients about providing servicing solutions for ILP structures which they are currently forming. Our team has extensive experience in supporting regulated Alternative Investment Funds (AIF) in addition to closed-ended debt funds structured as partnerships in other domiciles,” says Linda Gorman, US Bank Global Fund Services. “We look forward to assisting our global clients as
The Solana Foundation has partnered with cryptocurrency exchanges, OKEx and MXC, to launch two strategic investment funds that will bring USD40 million of new capital to accelerate the growth and development of key projects in the Solana ecosystem.  Solana’s layer 1 proof of stake network has grown at an exponential rate, with 560+ active community validators around the world who have produced over 70 million blocks and processed over 14 billion transactions. Since the launch of its mainnet beta in 2020, Solana has attracted industry-leading projects like Serum, Chainlink, Terra, Audius, USDC, USDT, and more to deploy on its blockchain.
Pine Island Capital Partners (Pine Island), a private investment firm that combines an experienced investment team with a group of accomplished former senior government, military officials, and business leaders, has appointed former NASA Administrator Major General Charles F Bolden Jr, USMC (Ret) as a partner. Bolden served as the 12th Administrator of NASA from 2009 to 2017, where he oversaw the transition to a new era of space exploration guided by the development of advanced technologies in aeronautics and aerospace. He led the conclusion of the Space Shuttle Program and oversaw the development of the Commercial Resupply Services and Commercial
Linking platform Linktree has raised USD45 million in a Series B funding round co-led by Index Ventures, an investor in Patreon and Discord, and Coatue, an investor in TikTok, with participation from returning investors AirTree Ventures and Insight Partners.  Coatue Chairman Dan Rose will join Linktree’s Board of Directors, bringing his 20 years of experience from Facebook and Amazon. The funding follows a USD10.7 million Series A round announced in October 2020.  Linktree is the rapidly growing social identity layer with more than 12 million users globally, four million of whom signed up in the last three months. The platform
Horizon Capital’s USD200 million fund, Emerging Europe Growth Fund III, has sold its minority stake in Dobrobut to existing shareholders – Oleg Kalashnikov, Dobrobut’s Managing Shareholder and CEO, and Concorde Capital.  Financial details of the transaction have not been disclosed.   Horizon Capital invested in Dobrobut in April 2019. Fuelled by the Fund’s investment, the Company was able to rapidly execute value-accretive strategic projects, strongly accelerating the growth of the business. Over the last two years, Dobrobut completed two lucrative M&A transactions, acquiring Boris and Doctor Sam clinics; is completing the construction of a new flagship hospital; expanded its network

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