LDC, a mid-market private equity firm, has invested in Avantis, a provider of virtual reality-based learning technology to the international education market. LDC’s investment was led by Partner Aziz Ul-Haq and Investment Manager Grant Goodwin from its North West team, both of whom will also join the board. Andy McEwan will continue as Non-Executive Chair.     With its technology used in over 100,000 classrooms worldwide, the education technology business has generated revenues of over £20 million in the last 12 months. LDC is backing Avantis’ existing management team, led by Founder Nik Tuson and Managing Director Huw Williams, to

First Spark Ventures has led a $25 million oversubscribed funding round in Xona Space Systems, a specialist in navigation technologies from Low Earth Orbit (LEO), bringing total funding to over $25 million. Numerous new investors including Lockheed Martin Ventures, SRI Ventures (of SRI International), Velvet Sea Ventures, Gaingels, Airstream Venture Partners, and Space.VC, also participated in the round. Existing investors also continue to show firm conviction in Xona’s accomplishments and market opportunity with participation from Seraphim Space, Toyota Ventures, 1517 Fund, MaC Venture Capital, and Stellar Ventures.  ​ Xona is focused on the development of Pulsar – a Low Earth Orbit

New investors Forbion and Sofinnova Partners have co-led a $70 million finding round in F2G Ltd, a clinical-stage biopharmaceutical company focused on the discovery and development of novel therapies to treat life-threatening rare fungal infections with a high unmet medical need. Existing investors, Novo Holdings, Morningside Ventures, Cowen Healthcare Investments and Advent Life Sciences also participated in the round. The proceeds from the financing in addition to the $480 million from the recent strategic collaboration with Shionogi & Co, Ltd, will enable F2G to advance late-stage development and commercialisation in the US of olorofim, an oral antifungal therapy to treat

Agronomics, a listed company focused on the field of cellular agriculture, has led All G Food Holding Pty Ltd’s (All G Foods) Series A financing round with a AUD15 million (approximately £8.7 million) investment, subscribing for 2,803,214 Series A Preferred Shares. The Subscription is conditional on All G Foods’ shareholder approval which is expected in Q3 2022.  Agronomics will own 8.01% of All G Foods on a fully diluted basis following close of the round. The Subscription will be made using cash from the Company’s own resources and will represent an estimated portfolio weighting based on the Company’s last reported

BGF has invested £2.3 million in business transformation and advanced data science consultancy Optima Partners. This investment will support the consultancy in scaling its industry-leading propositions by growing its skilled workforce and further developing its software as a service (SaaS) solutions.   Optima Partners is an Edinburgh-headquartered data science and transformation consultancy founded in 2013, with offices in London and Bristol.   It offers design-led customer and digital transformation services to clients across the customer, carbon and health sectors. Using machine learning, the company identifies opportunities to improve the efficiency and effectiveness of customer engagement, marketing and servicing to maximise

WindRose Health Investors (WindRose) has completed a strategic investment in BPD, a hospital- and health system-focused provider of data-driven marketing solutions.  Hospitals and health systems engage BPD to develop brand strategy, execute high-ROI precision marketing services, develop campaigns and creative content, and execute omnichannel media strategies.  Terms of the transaction have not been disclosed.   WindRose, a New York-based healthcare private equity firm, partnered with BPD’s founders to recapitalise the business to support future growth. With WindRose’s investment, BPD is well-positioned to further accelerate its impressive growth, drawing on WindRose’s experience investing in data driven marketing solutions within healthcare. Jason

Thompson Street Capital Partners (TSCP) has made a growth investment in Benefit Recovery Group (BRG), a Memphis, Tennessee-based provider of subrogation services.