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Edtech startup BibliU has raised GBP500,000 as part of a Series A extension funding round, supported by Angel Investment Network (AIN), the world’s largest online angel investment platform. London-based BibliU is a digital education platform that provides students with digital access to their textbooks and libraries across all their devices. The campaign funding round, an addition to its GBP6.5 million Series A, was in response to a surge in demand due to Covid-19. Completed in eight weeks, the funds will be used for new technical hires to support demand from Universities. The startup is scaling rapidly with 60-plus new pilots across
Gaming quality assurance and testing firm Testronic, part of the Catalis Group, has acquired Whyttest, a games QA and customer support business headquartered in Romania – a move set to increase headcount by 15 per cent. Testronic provides services to the global games publishing and film and TV markets, including Quality Assurance, Localisation, Compliance and Certification and Customer Support. It employs over 1,000 people in the US, UK and Poland.
Whyttest was founded in Romania in 2014. Its 150-strong team provide mobile, PC and console video games testing at sites in Bucharest and Belgrade.
The deal provides additional capacity
A Corby care service for adults with learning disabilities has secured a GBP200k loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners.The funding will enable BDC Healthcare & Education to purchase a new care facility in Northamptonshire while also creating several employment opportunities.
BDC is a care service for adults with learning difficulties and disabilities ranging from brain injuries, autism, ADHD, dyslexia and dyspraxia. Service users’ ages can range from mid-teens to mid-60s, with BDC providing sensory activities, real work skills, travel training and other life skills.
Shoaib Arshid, Managing Director at
Lisya Bahar Manoah (pictured) recently joined Catalyst Investments as a partner, based in Tel Aviv in Israel. The firm was founded in 1999 by Edouard Cukierman, Yair Shamir and Boaz Harel.
Venture capital firm Advent Life Sciences has sold its portfolio company, KaNDy Therapeutics (KaNDy), to Bayer AG for an upfront consideration of USD425 million plus potential milestone payments of up to USD 450 million until launch followed by potential additional triple digit million sales milestones payments.KaNDy recently completed the Phase IIb with NT-814, a first in class, non-hormonal, once-daily, oral neurokinin-1,3 receptor antagonist, publishing positive data for the treatment of frequent symptoms of the menopause, hot flashes and night sweats (vasomotor symptoms). The start of Phase III clinical trial is expected to commence in 2021. Once the deal completes, Bayer
Arsenal Capital Partners (Arsenal), a specialised private equity firm investing in healthcare and industrials companies, has completed the acquisition of Cello Health, a global healthcare-focused advisory firm, for a total enterprise value of GBP181.8 million.The acquisition of Cello Health provides the foundation for a new enterprise to enable healthcare and biopharmaceutical clients to maximise the value of their products. In doing so, it aims to help clients accelerate and optimise patient access to medical and technological advances that have a transformative effect on patient’s lives. Through a series of investments to acquire, invest in and develop best-in-breed companies, the new
BTIG has hired Michael Papazis, an aerospace, defence and government services specialist, as a Director within its Investment Banking division. Papazis will be based in the firm’s New York office, and will report to JT Herman, Managing Director and Head of Mergers and Acquisitions, at BTIG.
In his new role at BTIG, Papazis will originate transactions and advise clients focused on the aerospace, defence and government services sectors.
“We are pleased to welcome Michael to BTIG. He has an impressive track record of supporting the aspirations of aerospace, defence and government services clients. Michael’s excellent relationships with many of the largest
The Insights People, a Manchester-based company which specialises in kids, parents and family market intelligence, has secured a GBP500k investment from DSW Angels, a business angel network focused on UK regional scale-up companies.The investment will allow The Insights People to boost its international growth and follows its expansion into Brazil, Mexico and Canada in recent months. The company expects to create around eight new jobs in Manchester in the next six months.
The Insights People surveys 200,000 children and parents a year, providing clients with valuable insights into kids’ attitudes, behaviours, and consumption. Its award-winning market intelligence and portal
LeapFrog Investments, the Profit with Purpose investment firm whose companies now reach 200 million people, has appointed Bharat Narotam Doshi to its Global Leadership Council.Doshi’s expertise will guide LeapFrog’s leadership team as it makes further investments in companies across India and other emerging markets. LeapFrog aims for its companies to reach one billion people with essential services by 2030.
Bharat Doshi brings unique capabilities to the role after completing his four-year term on the Central Board of Directors of the Reserve Bank of India. Prior to this, Doshi played a pivotal forty-year role at Mahindra Group where he was
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UK economic recovery may hinge on investments into SMEs – investors comment
UK economic recovery may hinge on investments into SMEs – investors comment