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AutoFill, a Dutch deep tech company specialising in inspection workflow processes for the automotive and rail industries, has secured EUR2.6 million in pre-series A funding.
The round was led by Innovation Industries, with participation from Deeptech Labs, an accelerator initiated by Arm and The University of Cambridge, among others. Rick Belluzzo, former COO of Microsoft, and Bram Schot, former CEO of Audi – both of whom joined the AutoFill Board of Advisors earlier this year – also participated in the round.
Currently, most object inspections in the automotive and rail sectors are performed by humans. Existing automated solutions, meanwhile,
K2 Management, a renewable energy consultancy, has appointed Carsten Nielsen as its new CEO.
The renewables and maritime industry leader will join from Semco Maritime in November, bringing with him 20 years of experience in offshore wind development and experience across a range of project-based industries.
Across a career that spans more than 30 years, Nielsen has successfully occupied a number of senior leadership roles at some of Denmark’s best performing businesses. Most recently, he has been Senior Vice President of the Renewables division at Semco Maritime in Esbjerg, an international engineering and contracting company dedicated to projects in the
3i Group (3i) has agreed the sale of its investment in Magnitude Software, a provider of data management software solutions, with offices in the US, the Netherlands, UK, Canada and India, to insightsoftware, Inc.
Proceeds to 3i are estimated to be cGBP344 million/USD477 million, which represents a c100 per cent uplift on its 30 June 2021 valuation. This sale represents a 2.6x multiple of invested capital and an IRR of 47 per cent. 3i will make a co-investment of cUSD50 million into insightsoftware.
Magnitude helps companies turn their core business data into continuous intelligence, providing actionable insights to shorten
Round2 Capital has added another Nordic scale-up to its portfolio with its latest investment in EvoluteIQ.
EvoluteIQ is a technology company that accelerates enterprise transformation by leveraging its proprietary low code, no code hyperautomation enablement platform – e.IQ. The platform makes it possible to bring together fragmented technology landscapes and ongoing automation initiatives to achieve digital transformation at scale. The exhaustive feature set of e.IQ allows enterprises to break away from silos and seamlessly adopt new technologies for future-proofing their business and significantly reduce the total cost of ownership.
Round2 Capital joins Nordea Growth Fund and Confidus Venture Capital
Procuritas Capital Investors VI (Procuritas) has invested in Strandberg Guitars, the global market leader in headless guitars under the .strandberg* brand.
In close partnership with the founder, Ola Strandberg, Procuritas will support the continued scale-up of the Company through a number of well-identified growth initiatives to further strengthen .strandberg*’s position as the preferred choice of modern guitarists across the globe.
Founded in 2012 by Ola Strandberg, .strandberg* has established itself as the leading brand globally in headless guitars, a fast-growing niche in the electric guitar market. Headquartered in Uppsala, Sweden with local operations in California, USA the Company serves
Mountaingate Capital (Mountaingate), a Denver-based private equity firm investing behind founder, owner-entrepreneurs to rapidly scale companies in the marketing services, business services, specialty distribution and specialty manufacturing sectors, has appointed Brandon Hall as Vice President and promoted Corbin Barnds to Senior Associate.
In addition, the firm has added two new high-performing Associates to the team, Trip Renard and Bryce Dietz.
“After a highly successful fundraise earlier this year, we continue to focus on adding, as well as developing, top talent to support our portfolio company management teams in scaling their businesses,” says Bennett Thompson, Co-Founder and Managing Director. “We are
MidOcean Partners (MidOcean), a New York-based alternative asset manager specialising in middle-market private equity and alternative credit investments, has appointed Steve Spinner as Operating Partner.
The former Chairman and Chief Executive Officer of United Natural Foods (UNFI), Spinner has over 20 years of experience across multiple industries, bringing deep business expertise to MidOcean’s private equity portfolio. In his role as Operating Partner, Steve will work across the MidOcean platform to bring a wide range of insights and resources to the firm’s Consumer and Business Services verticals.
Spinner’s background brings a broad range of capabilities to the firm including food distribution,
The Assessio Group (Assessio), a Swedish human resource (HR) and technology company backed by software investor Main Capital Partners (Main), has acquired Eelloo, a technology company specialising in platform solutions for recruitment and employee development.
In an increasingly mobile and hybrid labour market, where the Covid-19 pandemic has also caused unemployment rates to rise, it is critically important that employers utilise the correct tools and procedures to find, recruit and develop their talent pools. Assessio, the Nordic region’s leading e- assessment company specialises in open-minded recruitment, enabling companies to work in a more inclusive and non-discriminatory manner with the help
LoveLocal, an Indian hyper-local e-commerce platform, has raised USD18 million in an oversubscribed pre-Series B investment round led by Vulcan Capital, and also including participation from Klarna Founder & CEO Sebastian Siemiatkowski’s Flat Capital, Alumni Ventures Group and Commerce Ventures.
Angel investors Nami Zarringhalam, Co-founder of Truecaller, Sriram Krishnan, General Partner at Andreessen Horowitz, Anna Lambert, Director of Product Acceleration at Shopify, Sarah Jones Simmer, CEO of Found & ex-COO of Bumble, Arpan Sheth, Senior Partner at Bain & Company, and others also participated.
Existing investors Blume Ventures, AC Ventures, HenkelX Ventures, Chiratae Ventures also invested – with Candy
Kebony, an environmentally-friendly wood modification technology company, has raised EUR30 million in a funding round led by Jolt Capital and Lightrock.
Kebony’s vision is to reduce CO2 emissions and tropical deforestation using its patented wood modification techniques, which produce superior wood in an environmentally friendly way.
The Kebony technology permanently transforms sustainable wood species such as pine into Kebony wood with features that are comparable, and in some cases superior, to those of precious tropical hardwoods. This unique environmentally friendly process is also a superior alternative to traditional wood treatment based on impregnation with wood preservatives.
Kebony’s EUR30 million financing
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