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NVM Private Equity (NVM) has led the recent fundraising round for Manchester based software company MPD Group. NVM has invested GBP2.5 million which will enable the business to continue to develop and deploy their new, disruptive Electio SaaS product.
Electio is a delivery management platform enabling retailers to rapidly increase the number of delivery options they offer to their customers.
MPD Group was founded by Manchester entrepreneur David Grimes in 2010. Initially David and his ambitious team operated delivery comparison site MyParcelDelivery.com, subsequently developing Electio, a SaaS based technology platform which allows e-commerce businesses to offer greater delivery choices to
Venky Ganesan, Managing Director of Menlo Ventures, will serve as the 2016-2017 Chair of the National Venture Capital Association (NVCA) Board of Directors. Ganesan’s appointment was made official at the Second Annual NVCA Leadership Gala & Summit in San Francisco, this week.
Ganesan becomes Chair of the NVCA Board of Directors at a key time for the entrepreneurial ecosystem. With the 2016 presidential elections to produce a new president with a new policy agenda that could impact NVCA’s key policy priorities, Ganesan remarked on the important role NVCA plays in advocating for policies to strengthen venture and the broader ecosystem.
Silicon wafer manufacturer 1366 Technologies (1366) has received a USD10 million investment from Korean private equity/venture capital firm Hanwha Investment Corporation.
The funds will be used toward the construction of 1366’s first large-scale commercial factory, scheduled to be online in 2017.
“Our Direct Wafer technology represents one of the most significant manufacturing innovations in solar, with the potential to propel the industry forward and deliver dramatic cost advantages,” says Frank van Mierlo, CEO, 1366 Technologies. “We are thrilled that Hanwha Investment Corporation, with its deep expertise in and understanding of the manufacturing industry, has invested. It is a tremendous validation
Alliant has expanded its presence in the Gulf Coast region with the opening of a New Orleans office, which will be manned by Christian Chauvin and Noah Hardie.
The pair have joined the company’s Alliant Americas division to provide insurance and risk management solutions to clients in a range of industries and disciplines.
“The addition of Christian and Noah provides a unique opportunity for us to expand both our regional influence and service offerings,” says Bob Bennetsen, Executive Vice President and Senior Managing Director, Alliant Americas. “As an organisation dedicated to specialisation and local expertise, their diverse backgrounds and extensive
Law firm Howard Kennedy has advised Cenkos Securities on the GBP3.2 million fund raising by the AIM traded company, MedaPhor Group plc.
This secondary fund raising was effected via a share placing, with Cenkos acting as Nomad and Broker to MedaPhor Group plc.
MedaPhor Group plc is a global provider of world leading ultrasound training simulators for medical professionals. The fundraising follows a three-year agreement between MedaPhor Group plc and the American Board of Obstetrics and Gynaecology to use its ultrasound simulator within its obstetrics and gynaecology exams.
The funds raised from the placing will allow MedaPhor Group plc to
Small and medium-sized enterprises (SMEs) in Britain are planning to invest for future growth, according to new research from specialist lending and savings Bank, Aldermore. The new data shows SMEs are proactively looking for opportunities to grow over the next five years.
The Aldermore SME Outlook 2016 found that almost four out of every 10 (39 per cent) businesses surveyed intend to hire more staff over the next five years to foster growth, while more than a fifth (22 per cent) plan to invest in new assets such as machinery or vehicles to increase productivity. Furthermore, almost one in five
UK-based private equity house Maven Capital Partners (Maven) has completed a GBP2.5 million investment in The GP Service (UK) Limited (GPS), a provider of online services for general medical consultations and prescriptions.
The investment will enable GPS to accelerate the roll-out of its service across new geographical locations, and develop a range of products and services where there are strong market drivers.
GPS is led by experienced entrepreneur Atul Devani as Executive Chairman. Atul was the founder of United Clearing, which listed on AIM in 2004, before being sold in 2006 for GBP25 million. He then served as CEO
Funds advised by CVC Capital Partners have completed the sale of Education International Corporation (EIC) to a consortium led by NLD Investment (NLD), a Chinese private equity fund, in partnership with the management and the founder of EIC.
Financial details of the transaction have not been disclosed.
EIC is China’s largest overseas educational counselling service provider, with a 13 per cent national market share. The Company is also a leading integrated overseas education advisory services provider in China, offering market leading complementary test preparation services as part of the integrated overseas education advisory services to students. Since its inception
YieldStreet has launched the world’s first tech enabled specialty finance and alternative lending platform connecting accredited investors to asset based investments.
YieldStreet is designed to offer opportunities that are backed by collateral, have low market correlation, and generate strong yield, such as loans secured by real estate portfolios, litigation finance investments or even a loan to an NBA player secured by his contract. Investments have low minimums starting at USD5,000 with average target yields in the mid-teens. In the past, such options were exclusively available to ultra high net worth individuals, hedge funds or institutional investors.
Founder and CEO, Milind
Flare Capital Partners, a healthcare technology venture capital firm, has appointed Dr. Gary Gottlieb
One year since Flare Capital’s launch and initial fund closing, the firm continues to expand its broad network of specialised resources that are leading the transformation of the business of healthcare. Flare Capital’s new team members offer unrivalled perspectives on the changing healthcare landscape and healthcare policy reform and practical insights into both the payer and provider markets. The new Executive Partners will advise on potential investment opportunities, be valuable resources to portfolio companies, and provide insights as to the direction of innovation in healthcare.
They join the
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