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Global software investor Hg is to acquire a controlling interest in Trackunit, a specialist in software-led telematics solutions for off-highway vehicles and the construction market, from Goldman Sachs and GRO Capital.
Søren Brogaard, CEO, Trackunit, says: “GRO Capital and Goldman Sachs have been exceptional partners during the last five years and helped us solidify our mission and execute against it. We are proud to have attracted investment from Hg, which comes at a tipping point for the digitalisation of construction. Hg’s understanding, experience and focus on scaling leading SaaS companies provides Trackunit with a knowledgeable partner to help consolidate and
Squire Patton Boggs has promoted senior lawyers Louise Barber and Mae Salem to Partner.
Barber has a particular focus on cross-border public and private mergers and acquisitions (including public takeovers), equity capital markets transactions, joint ventures and corporate governance. From an M&A perspective, her experience includes advising UK, US and European companies on cross-border public and private transactions, and her capital markets experience includes advising on a number of initial public offering (IPO) and secondary fundraising transactions on the London Stock Exchange’s Main Market and AIM.
Barber has advised on a number of high-profile transactions, most recently advising ECI
Immersive communications platform PixelMax has secured GBP2million in a funding round led by Praetura Ventures, with participation from ACT Capital Partners.
Manchester-based PixelMax uses 3D interactive technology to revolutionise the way content is delivered to mass audiences. It enables businesses to create and host their own virtual worlds, and is changing the way organisations inform, educate and engage with their audiences through the use of digital twinning, product or process simulation, and virtual environments.
The business, which is led by co-founders Andy Sands, Shay O’Carroll and Rob Hilton, has already collaborated with an NHS Trust to create a simulation
Modern Times Group MTG (MTG) has acquired New Zealand-based tower defence mobile games developer and publisher Ninja Kiwi Ltd (Ninja Kiwi).
The acquisition of Ninja Kiwi marks an important additional step in the journey to reach further organic and acquisitive growth for MTG and is in line with the company’s overall strategy to further build a diversified gaming segment, and stronger GamingCo. The up-front consideration amounts to approximately SEK1,217 million (NZD203 million) and earn-out payments at an expected value of SEK406 million (NZD68 million) in aggregate, including cash and share components.
MTG has today entered into an agreement for the
UI-licious, a first-of-its-kind UI test automation solution, has announced a new round of Pre-Series A funding of USD1.5 million led by Monk’s Hill Ventures.
The funding will be used to expand its product development, and sales and marketing teams to expand its customer base of small to large enterprises.
Shi Ling Tai, CEO and Co-Founder of UI-licious, says: “Currently, 90 per cent of software teams worldwide rely on manual testing which is laborious, intensive, and costly. We created UI-licious because the software industry needs a UI test automation solution that is robust, scalable, and cost-effective – while being as simple
Jumio, a leading provider of AI-powered end-to-end identity verification and eKYC solutions, has secured a USD150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.
This infusion represents the single largest funding round in the digital identity space and speaks to the global importance of establishing a user’s identity remotely to defend against fraud and financial crime, comply with KYC and AML regulations and boost online conversions.
The investment will accelerate Jumio’s significant global lead in the digital identity space by devoting additional resources to automate its identity verification solutions, expand the breadth
Healum, a digital health company, known for developing an AI-powered patient management system to improve health outcomes and quality of life for people with long-term conditions, has raised funding from NPIF – Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund and Catapult Ventures acting on behalf of the Greater Manchester and Cheshire Life Sciences Fund.
The investments will be used to expand the company’s operations in Greater Manchester and to aid healthcare professionals in delivering programmes of remote care, support and behaviour change for people with long term conditions through its unique use of
Fundraising for disruptive, low cost telecoms provider Boom has been oversubscribed by 45 per cent, reaching GBP3.2 million and surpassing its original goal of GBP2.2 million through Growthdeck, a private equity investment firm.
The Boom platform allows businesses to operate with staff using mobile phones or PC software instead of desk phones and redirect incoming business calls to other colleagues, no matter where they are located. Calls can also be recorded and Boom’s technology offers advanced analytics to improve customer interaction.
The far-reaching application of Boom’s technology has become increasingly relevant over the last year due to the shift
Growth Capital Partners (GCP) has taken a minority stake in Bridewell Consulting, the first investment from GCP Fund V.
Bridewell Consulting is a cyber security services company providing global, 24×7 managed detection and response (MDR) services as part of its Security Operations Centre (SOC) and specialist cyber security consultancy. With extensive experience of delivering large-scale transformational projects in highly regulated environments, Bridewell enables organisations to drive strategic change securely, providing a full breadth of end-to-end cyber security services.
Established in 2013, Bridewell Consulting is one of the fastest growing cyber security companies, with 75 per cent year-on-year revenue growth since
Baraja has raised USD31 million (USD) in a new funding round to accelerate development of its breakthrough Spectrum-Scan LiDAR technology.
Baraja’s LiDAR sensors are higher performance and more reliable than legacy LiDAR systems, and enable the safe rollout of autonomous vehicles sooner. The latest capital raising was led by Blackbird Ventures and includes new strategic investment from Hitachi Construction Machinery.
Hitachi’s strategic investment comes after a two-year partnership to validate Baraja’s Spectrum-Scan sensors in real-world scenarios that prove the technology’s reliability in harsh environments. The investment will support an expanded rollout of the sensor in mining, construction & industrial
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