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LUMICKS, a, next-generation life science tools company that develops highly innovative platforms for Dynamic Single-Molecule and Cell Avidity analysis, has completed a USD93 million Series D preferred share financing.
The funding round was led by new investors Farallon Capital Management and Lauxera Capital Partners, and included investments by Softbank Vision 2, funds and accounts advised by T Rowe Price Associates, Parian Global Management, Pura Vida Investments, and Irving Investors. The round was also backed by existing investor Gilde Healthcare and select members of the LUMICKS management team. A majority of the proceeds from the financing will be used to bolster
Dubin Clark, a private equity firm with offices in Boston, MA and Jacksonville Beach, Florida, has invested in a new portfolio company, iROCKER, Inc (iROCKER).
iROCKER is a watersports lifestyle company focused on designing and innovating outdoor recreation products, including inflatable stand-up paddleboards (SUPs) and other watersport accessories. Since launching its flagship iROCKER SUP brand in 2013, the company has introduced its Nautical and Blackfin brands to capture the full needs of SUP enthusiasts. In addition, the company has expanded into accessory offerings, including wave mats, floating docks, coolers, speakers, kayak conversion kits, backpacks, leashes, paddles, SUP anchors, and pumps. iROCKER
Blackstone has appointed Paul Morrissey, a seasoned investment professional with extensive private equity and venture capital experience, as a Managing Director to lead investing across Europe for Blackstone Growth (BXG).
This newly created role will see Morrissey manage the European deployment for BXG, which recently completed the final close of its oversubscribed, inaugural USD4.5 billion growth equity fund – the largest first-time growth equity private vehicle ever raised. BXG has already made significant investments in fast-growing European companies, including Epidemic Sound, which delivers restriction-free music to internet content creators across the globe, and oat milk pioneer, Oatly.
Jon Korngold, Global
Cavendish Corporate Finance (Cavendish), part of finnCap Group, has closed a deal for the sale of Datrix Limited (Datrix), a supplier of cloud-based networking, communications, and cyber security solutions, to AdEPT Technology Group (AdEPT), one of the UK’s independent providers of managed services for IT, connectivity, unified communications solutions, and cloud services.
Based in London since 1994, Datrix boasts considerable expertise in the growing market for Software Defined Wide Area Networking (SD-WAN), having designed, delivered, and managed end-to-end enterprise solutions for a number of multisite, mission-critical environments. With 63 per cent of total revenue generated from public sector clients, Datrix’s
OakNorth Bank is continuing to strengthen its regional footprint with three new hires to its lending teams in the North West, Yorkshire and East Anglia.
OakNorth Bank’s 2020 Annual Report revealed that, despite the ongoing challenges of Covid-19, it lent GBP1.1 billion to the Missing Middle last year, supporting hundreds of businesses and helping to both protect and create thousands of jobs. This year, it has got off to an equally busy start with cGBP550 million of new deals closed so far.
The new hires include Dan Hewitt, who joins Martin Williams in East Anglia as an Associate Director
MunchFit, the healthy food provider to luxury gym Equinox and elite studio Barry’s Bootcamp, has closed GBP1.2 million in funding through a recent crowdfunding campaign via Crowdcube, after attracting substantial investor interest.
Helping to accelerate training results by taking the guesswork out of what to eat, the upmarket goal-based meal service secured equity investment from 330 “Fitvestors” to take the business to the next level.
MunchFit – founded by Angus Fay in 2013 – operates a retail offering, fitness cafés and a nationwide meal plans service that allows people to order up to four meals a day, six days a
Specialist business advisory firm FRP is to grow its Scottish team following the appointment of a six-strong restructuring advisory team, which includes partners Michelle Elliot and Stuart Robb, all of whom will be based in Glasgow.
With more than 20 years’ experience, Elliot is a qualified chartered accountant and insolvency practitioner. She has spent her career advising business owners, lenders, shareholders and other stakeholders on all aspects of corporate restructuring, including independent business reviews, contingency planning, options review and contentious insolvency.
Elliot’s experience covers the full range of stressed and distressed situations, from large corporates to owner-managed businesses, and
Sky9 Capital, a venture capital firm investing in Chinese start-ups, has completed the flotation of its portfolio company TuSimple on the Nasdaq stock exchange today under the ticker symbol ‘TSP’ at a market capitalisation of USD8.49 billion.
TuSimple is the global leader in autonomous trucking and is revolutionising the USD4 trillion global truck freight market. Founded in 2015, it has developed a fully integrated software and hardware solution enabling what is believed to be the world’s most advanced Level 4 driver-out autonomous semi-truck technology.
Through its innovative technology, TuSimple is able to address some of the trucking industry’s most
Global private investor The Riverside Company has invested in PPM Advisory Group and OrtleyBio (collectively PPM).
PPM provides scientific operations and communications services to global biopharmaceutical companies with a focus on oncology and haematology therapeutic areas. The company leverages its deep scientific expertise to support customers across various stages of the drug life cycle to better educate and inform healthcare professionals, medical science liaisons and commercial sales representatives.
PPM is an add-on investment to Riverside’s platform Red Nucleus (RN), a premier provider of learning, performance and process solutions for the life sciences industry. This is RN’s fifth add-on acquisition since
UserZoom, a specialist in Experience Insights Management (XIM), has raised USD100 million in a funding round led by Owl Rock.
UserZoom will use the funding to build out the company’s proven XIM solution that helps businesses join the dots between their user experience (UX) and customer experience (CX) strategies and get an org-wide view on their digital experience.
In today’s digital economy, designing great product experiences is a critical competitive differentiator. Unfortunately, businesses often silo their data in separate user and customer buckets, resulting in increased technical, process and data debt, and a fragmented end experience for customers and users.
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