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The UK-based construction analytics platform Contilio has raised an initial USD1.5 million led by the leading proptech VC Pi Labs to help drive expansion as the ConTech industry continues to grow.
The breakthrough 3D AI construction analytics platform will use the funds to onboard more customers, further advance its product & tech and accelerate its growth. This acceleration is fueled by a c500 per cent increase in global demand for its construction progress, installation quality and risk software.
The global construction is valued at cUSD13 trillion. Despite pioneering a lot of technological innovation, including CAD, simulation and early machine learning
HQLAX has added JP Morgan as a strategic investor in its Series B funding round, joining existing investors BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup, and Deutsche Börse Group.
JP Morgan has already connected to the HQLAX platform as Triparty Agent, and JP Morgan will also connect its Agency Securities Lending business in 2021.
HQLAX’s core clients are financial institutions active in securities lending and collateral management. The HQLAX platform enables market participants to transfer ownership of securities seamlessly across disparate collateral pools at precise moments in time. This allows participants to optimise their liquidity management and
Twelve leading universities have joined forces to create an impact investment fund, Impact 12 (www.impact12.com), to support mission-led university ventures.
The ten-year, multi-million-pound fund will support social ventures created within the twelve participating universities across the UK. The fund will support ventures motivated by beneficial social or environmental impact, rather than solely by profit.
Impact 12 has been developed by Social Investment Scotland (SIS), an impact investor and responsible finance provider based in Edinburgh, in partnership with the University of Oxford, the University of Cambridge, Northampton, Coventry and eight universities comprising the MICRA Project (Aston, Birmingham, Cranfield, Keele, Leicester,
Private investment company DRS Investment sells 100 per cent of the shares in the Swiss software company XELOG AG to proLogistik Holding in Dortmund.
XELOG will remain an independent company and bundles its resources and competencies in the field of warehouse management systems (WMS) with proLogistik and Dataphone forming the proLogistik Group.
Since the 2018 acquisition of XELOG AG by DRS from the founders Armin Töngi and Peter Duss, XELOG AG has successfully developed under the leadership of Carsten Pauli. By investing in product development, the location in Germany and marketing & sales, the foundation for future growth has been
Waterland Private Equity (Waterland) is to invest in Bano Group (Bano), an international supplier of complete bathroom solutions to the healthcare sector. This marks Waterland’s first investment in Norway.
Bano is a developer, producer and distributor of limited mobility bathrooms, with a focus on nursing homes. Since its foundation in 1999, the company has grown to become a market leader in the Nordic region, with an annual revenue of NOK 331 million in 2020 and an average annual growth rate of 12 per cent in the past five years. The company specialises in superior innovative solutions that improve the quality of
Verus, an investment consulting and OCIO provider, has added two additional investment professionals to the team working out of its Pittsburgh office.
The most recent additions are Chris Shelby, director, Private Markets and Evan Benedict, consulting associate. Shelby and Benedict join investment consulting industry veterans Mark Brubaker, managing director, senior consultant and a member of Verus’ Management Committee, and Ted Herman, managing director, senior consultant.
“We are delighted to add Chris and Evan to our roster of talented professionals at Verus. Our presence on the East Coast has been well-received and has assisted us in growing our business there and
UBCO, a specialist in utility electric vehicles, has raised USD10 million by bringing on board investors Oregon based Seven Peak Ventures, Nuance Capital, global technology powerhouse TPK Holdings.
This USD10 million funding comes off the back of a strong year for UBCO, including expansion across new and existing markets and the introduction of its subscription service. UBCO will use the funding to help continue scaling into the US, which will be its biggest market, focusing on the food delivery, postal, agriculture and last mile sectors. Already a large proportion of customers use UBCO vehicles for work in the gig economy
Squire Patton Boggs continues to expand its Financial Services Practice Group with the appointment of Steven Ward as partner in the firm’s London office.
Ward, who joins from Paul Hastings, will spearhead the development of a new Funds Practice.
Welcoming Ward, Jonathan Jones, European managing partner, says: “Steven will drive forward a new Funds Practice from London and focus on the fundraising and ongoing advising of real estate, private equity, venture capital and debt funds, offering our diverse client base additional investment expertise to complement our current transactional support for their businesses.”
“Steven’s arrival is another step in
Puma Private Equity, the private equity division of Puma Investments, has exited its stake in portfolio company, Pure Cremation – a fast-growing direct cremations business.
Pure Cremation has been the driving force behind the UK-wide adoption of direct cremation, a straightforward and affordable alternative to traditional funerals, enabling loved ones to hold a more personal event to commemorate the deceased’s life at a later date.
Puma delivered GBP7.35 million of funding in two rounds, in November 2017 and December 2018. Since then Pure Cremation has gone from strength to strength, doubling in size each year since launching in 2015 as
One Equity Partners (OEP), a middle market private equity firm, has completed the acquisition of the BRUSH Group (BRUSH0, an independent provider of equipment, services and solutions for electrical power generation and distribution. Terms of the private transaction have not been disclosed.
Founded in 1889, and headquartered in Ashby de la Zouch, United Kingdom, BRUSH has a long and rich history serving power generation, control and distribution products, namely turbogenerators, transformers, and switchgear. The Company’s 1,200 employees also provide a wide range of services for these same product segments worldwide. BRUSH’s products are used across a wide range of end
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