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CheckRecipient, a machine learning start-up that aims to end the problem of misaddressed emails, has raised USD2.7 million in a round co-led by Accel and LocalGlobe, with the participation of Winton Ventures, Amadeus Capital Partners and Crane.
Started in 2013 by three engineering graduates from Imperial College, CheckRecipient has developed an email security platform that uses machine learning to make sure sensitive or confidential data cannot be sent to the wrong individual.
CheckRecipient scans historical email data to understand conventional usage patterns and behaviours in companies’ email systems. Using machine learning allows CheckRecipient to spot anomalies and give users
Private equity fund manager Calculus Capital has closed its Enterprise Investment Scheme (EIS) fundraising after reaching its GBP20 million target three months earlier than anticipated.
John Glencross, Calculus Capital chief executive, says: “Appetite for investing in unlisted UK smaller companies through the EIS has been growing year-on-year. And it’s not surprising, given the breadth, depth and potential of the investment opportunities available, coupled with the extremely attractive tax reliefs that come with EIS funds, including 30 per cent income tax relief, no CGT or IHT, and high returns that can be generated.”
Calculus says the range and quality of investment
Independent trust, fund and corporate services provider Crestbridge has established a presence in the GCC following its acquisition of Ohad Trust, a Bahrain-based trust, fund and corporate services provider in Manama.
With regulatory consent having now been received from the Central Bank of Bahrain, Ohad has become part of the Crestbridge Group, which also has complementary offices in Jersey, London, Luxembourg and the Cayman Islands.
A full rebranding of Ohad is planned for later in 2017 to bring the business fully under the Crestbridge brand.
Ohad was the first licensed provider of trust services in Bahrain when in
Shore Capital Partners, a private equity firm focused exclusively on the healthcare industry, has held the first and final close of its second institutional private equity fund, Shore Capital Partners Fund II, at the hard cap of USD190 million.
Fund II, raised in less than three months, surpassed its original target of USD150 million and was substantially oversubscribed with investor demand approaching USD750 million.
Fund II will continue the investment strategy employed by the Firm’s predecessor fund and invest primarily in control buyouts, focusing on microcap healthcare businesses.
With Fund II, Shore now manages a total committed capital
ISG Technology, a portfolio company of private equity firm WestBridge Capital, has appointed Jonathan McKay as non-executive chairman.
McKay has a strong background in strategic development, sales, marketing and general management, gained in the technology sector.
He is currently chairman at JustGiving, the UK’s largest online fundraising platform; La Fosse Associates; Driftrock; Cambridge Broadband; and Forward Partners. He is also an advisory board member of Ventech China.
Prior to these appointments, McKay had a successful career in high growth software companies, including Sun Microsystems where he worked both in the UK and the US. He has accumulated a
NVM Private Equity has strengthened its investment team with two investment associate hires, Victoria Howarth and Jason Warren.
These appointments continue the growth in the investment team over the last 12 months following on from the recruitment of Charlie Winward in 2016.
Howarth and Warren will both be responsible for transacting new early-stage and technology focused private equity investments and the expansion at NVM will provide support as the firm pursues a broader investment strategy.
Howarth, who is based at NVM’s Manchester office, joins from IBM Global Business Services where she spent five years as a senior business
Golding Capital Partners (GCP) has received commitments of EUR331 million for its private debt investment programme, Golding Private Debt 2016.
After five months of fundraising this means 55 per cent of the EUR600 million target volume has already been secured at first closing.
"With interest rates at their current low levels, alternative investments are indispensable for institutional investors. High-yield investments in the private debt segment are increasingly an alternative to institutional investors' traditional fixed income allocation,” says Jeremy Golding, founder and managing partner of GCP.
The investment strategy of Golding Private Debt 2016 is focused on corporate acquisitions
Independent Growth Finance (IGF), a commercial finance provider for SMEs, has delivered a GBP350,000 invoice finance funding line to Manchester-based Branagan Flooring Services, a firm of professional commercial flooring contractors.
After winning contracts for several large projects nationwide, Branagan sought a new financier to support the company’s growth.
Having been unable to receive funding against its total sales ledger, Branagan needed a partner that would afford it the headroom it needed to grow.
By obtaining funds through IGF, Branagan has been able to expand its workforce and sustain its day-to-day cashflow.
Kate Branagan, company director at Branagan Flooring Services, says: “Our previous financier couldn’t provide us with the funds we needed to support our growth, so we looked elsewhere for support. We found IGF to be an approachable and understanding lender that was willing to take the time to understand our particular needs. The
Amadeus Capital Partners has joined a Series C investment round of USD15 million in Turkish online payment specialist iyzico.
Earlier this year, iyzico announced the Series C investment led by Vostok Emerging Finance, along with current investors, International Finance Corporation (IFC) and 212 from Turkey.
Jason Pinto, partner, Amadeus Capital Partners, says: “The fast-growing Turkish economy is underpinned by strong consumer spending with a high proportion of this spend transacted with payment cards. Merchants must cater to this market need with sophisticated card acceptance systems. We are excited about iyzico’s opportunity to address this demand with its modern, easy-to-integrate
Repositive, the company that created a portal for accessing human genomic research data, has closed a Series A funding round of GBP2.5 million.
The investors include lead investor Ananda Social Venture Fund and Force Over Mass Capital.
Amadeus Capital Partners and Jonathan Milner are increasing their investments, having previously participated in seed funding Repositive.
This brings the total funds raised to date in Repositive to GBP3.3 million.
Fiona Nielsen, CEO of Repositive, says: “This investment will allow Repositive to expand its commercial offering through the development of premium features for our fast growing community of platform users
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