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Inzura.ai, a UK-based global insurtech, has raised a further GBP1 million in a pre-A funding round. This follows a seed investment round in early 2018 and rapid growth in the UK and South East Asian markets.
Inzura works with brokers and insurers to deliver enhanced digital versions of their insurance products through smartphone apps, leveraging telematics, integrated dashcams and artificial intelligence (AI). With some customers already achieving over 30 per cent improvements in loss ratio, Inzura’s digital products are customer focused, cost significantly less to operate, reduce fraud, and enable greater pricing accuracy.
Inzura’s revenue growth of over 65
Family Office Exchange (FOX), a membership organisation for families, family office executives, and advisers, recently published the results of the 2019 FOX Global Investment Survey.
Family offices are continuing move into private investments with a third of overall portfolios allocated to private equity (17 per cent) and real assets (16 per cent), according to the Family Office Exchange’s (FOX) 2019 FOX Global Investment Survey.
The report says that this allocation away from the traditional asset classes of equities and fixed income improved overall performance in a challenging year for stocks and bonds.
Another significant trend highlighted by the report across the average allocations of the past four
A total of USD2.891 billion was invested in the data and insights industry last year, either through venture capital or private equity. Market research is now receiving funding comparable to sectors such as Energy and IT Hardware, with recorded VC investment of USD1.75 billion and USD2.28 billion respectively according to PitchBook data VC investment.
The average transaction size was USD43.1 million – an increase of 63 per cent after a corresponding 69 per cent jump the year before. Of the 173 investors who invested in market research and insights in 2018, over 90 of them are completely new to the sector. There
Palamon Capital Partners (Palamon) is to sell Il Bisonte to Tokyo Stock exchange-listed fashion distribution specialist, Look Holdings (Look).
The transaction values Il Bisonte at an Enterprise Value of EUR100 million, three times the entry price paid by Palamon, producing a 26 per cent Gross IRR for Palamon European Equity III.
Palamon acquired Il Bisonte in the summer of 2015 from its founder, Wanny di Filippo, who established the business in 1970 from an artisanal workshop in Florence, Italy. Il Bisonte was one of few remaining independent luxury Italian brands focused on leather handbags and accessories, with an authentic
Cybersecurity specialist KnowBe4 has raised USD300 million in a funding round led by global investment firm KKR, with significant participation from existing investors Elephant and TenEleven Ventures.
This new infusion of funds, valuing the company at USD1 billion, is expected to be used for global growth initiatives and platform development, and builds upon KKR and Ten Eleven Venture’s initial investment in early 2019.
Despite phishing being a long-existing attack method, it still works. According to the 2018 VDBI, more than 90 percent of advanced and targeted attacks involved phishing and preyed upon the human element inside an organisation. KnowBe4’s market-leading platform
Funderbeam, a global funding and trading platform, has raised USD4.5 million in a Series A funding round, led by UK-based Accelerated Digital Ventures (ADV).
The round includes new investors such as GK-Plug and Play Indonesia, Pandan Ventures, with existing investors including Draper Associates, Draper Venture Partners, IQ Capital, and Mistletoe also taking part.
Funderbeam aims to fill in the gap in venture and SME capital markets by providing access and liquidity to growth investments. The company has introduced trusted structures and technology to provide global access to the service 24/7. To date, Funderbeam has 37 high-growth portfolio companies on marketplace,
RFA, an IT service, financial cloud and cyber security provider to the alternative finance sector, has made two strategic hires aimed at enhancing the team leading its operations in Europe.
Jon Melville, appointed Head of Client Relations in Europe, has over 20 years’ experience, including Director level roles within strategic IT and the service delivery landscape. He helps clients ensure that their business goals and technology strategies are aligned and the RFA partnership remains transparent.
Amar Shah, appointed Head of Client Services in Europe, is responsible for ensuring a seamless client service experience across all RFA delivery teams. Amar has over 20 years’ experience including C-suite roles with alternative
Crestbridge has established a branch of its Luxembourg Management Company (ManCo) in London as the business seeks to cement ties between the UK and Luxembourg and secure new opportunities post-Brexit.
The move comes after Crestbridge received formal regulatory approval to establish a branch of its EU-based ManCo, the ‘Crestbridge Management Company SA’, in London.
Operating out of Crestbridge’s existing London office in Mayfair, the branch is intended to act as a convenient point of contact for London fund managers making use of or exploring the potential offered by an EU ManCo as part of their European market access strategy.
YFM Equity Partners (YFM) has held the first close of its Buy-Out-Fund II with GBP60 million of investment committed. This follows the GBP45 million raised for its Buy-Out Fund I, which had a final close in April 2017.
Only two years later, and following the recent investment in The Protein Works, this fund is now almost two thirds invested.
“Nearly three quarters of the funds have been raised for our Buy-Out-Fund II from existing investors, which is a great endorsement from our investor base, with over GBP15m from new investors,” says Mike White YFM’s Partner responsible for Investor Relations.
L2 Capital Partners (L2) has sold LSC Environmental Products (LSC) to an entity formed by Ancor Capital Partners. Terms of the deal have not been disclosed.
Under L2’s ownership, LSC underwent significant corporate management changes, executed a transformational acquisition, and developed and introduced multiple new products to market. This investment allowed the Company to significantly grow its core business, increase product line breadth, expand end markets served, and position the business to achieve double-digit annual growth rates.
“This successful exit exemplifies how L2 Capital works with portfolio companies. Over the course of our investment, L2 recruited a new CEO and
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