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Novata, a public benefit corporation and technology platform that provides private markets stakeholders with intuitive and effective environmental, social and governance (ESG) data management solutions, has launched new metrics in-platform to enable financial market participants to collect the sustainability-related information outlined under the Sustainable Finance Disclosure Regulation (SFDR).
To support this product offering, Novata also announced the expansion of its sales team into European markets with the addition of a group of experienced sales professionals in London.
Novata is backed by a consortium that includes the Ford Foundation, S&P Global, Hamilton Lane, and Omidyar Network, and is also supported by
MPE Partners (MPE), along with portfolio company Motor-Services Hugo Stamp (MSHS), has acquired Pacific Power Group, (PPG), an industry leading provider of products, parts, and maintenance, repair, and overhaul (MRO) services for marine, energy, commercial, and industrial equipment.
MPE and MSHS partnered in the transaction with members of PPG’s management team, led by Bill Mossey.
Forbright Bank and City National Bank of Florida provided financing to support the transaction. BakerHostetler served as legal advisor to MPE. Cascadia Capital acted as the investment banking advisor to Pacific Power Group. Terms of the transaction have not been disclosed.
EdTech startup Microverse, an online school for remote software developers, has doubled its valuation with an extension of $4 million to its Series A round. This brings the total Series A to $16.5 million. The extension came from existing investors Northzone, General Catalyst, All Iron Ventures and business angels, and is further complemented by new investor, True Equity.
The new funding has more than doubled the company’s valuation and will enable them to keep building on their mission of connecting international talent to job opportunities worldwide. The investment will also allow Microverse to continue to scale and meet soaring demand. The
Smart Recruit Online has secured an additional £2 million investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and private investors.
The Milton Keynes-based company, which currently employs 14 staff, is set to open a digital sales office in the East Midlands and plans to create 15 new jobs in the next two years. The latest funding will also enable it to enhance and scale up its platform in the run-up to raising a Series A investment next year.
Smart
Closinglock, a proptech and fintech startup focused on modernising the real estate transaction process, has closed a $4 million seed round led by LiveOak Venture Partners with participation from RWT Horizons and GTMfund.
The funds will be used to expand its teams across sales, customer success, and product development.
Wire fraud is one of the largest problems in real estate today and is estimated to cost the industry over $1 billion per year in lost funds. With Closinglock’s secure portal technology and workflow platform, title and escrow professionals no longer need to share sensitive information via email where the bulk
Left Lane Capital has led a $20 million Series A funding round in Arc, a company focused on establishing a digital bank for software startups. Other investors include NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, Soma, Alumni Ventures, and Dreamers VC, as well as the founders of Wayflyer, Plaid, Column, Chargebee, Vouch, and Jeeves.
The company will use the new funding to accelerate its growth and expand the availability of its treasury and software products built to help startups access and manage capital while retaining equity. The company also announced that Dan Ahrens, Managing Partner at
Innova Capital, a Central European private equity firm, has promoted Michał Wojdyła to the position of partner, strengthening the firm’s position in the technology sector ahead of deployment of its new Innova/7 investment vehicle.
Wojdyła, previously managing director, has been with Innova Capital since 2008. Over the years, he has gained extensive experience in the private equity industry, working on numerous investments and portfolio companies. Following his involvement in multiple manufacturing and consumer deals (eg Libet, Marmite, Bakalland, Profim and Prime Label). Recently, he has been co-developing the Innova technology practice, focusing primarily on IT services sector where he led
Brazil-based Fuse Capital has commenced fundraising for Fuse Capital Fund II, which will focus on investments in Web3 startups in Latin America. The goal is to raise $50 million in total.
Fuse Capital Fund II will be aimed at companies solving traditional world problems, still dominated by Web2, while using technologies embedded in the Web3 framework, such as blockchain, DeFi (Decentralised Finance), stablecoins and NFTs. The solutions can be aimed at diverse sectors, from open finance to health, infrastructure, e-commerce and insurance, among others. Another differential of the fund will be its term of five years, it is a premise
Denham Capital and Nexif have signed a share sale agreement with Thailand’s RATCH Group PLC for Nexif Energy’s portfolio of Australian and Southeast Asian energy assets at an enterprise value in excess of $1 billion (transaction equity value of $605 million).
Denham Capital, the global energy transition investment firm, and Nexif, the renewables focused power development and investment company, founded Nexif Energy in August 2015 to acquire, develop, construct and operate a clean energy-focused power generation and battery storage portfolio across Australia and Southeast Asia while maintaining the highest environmental and social standards.
Capitalizing on the expertise, brand, and
Discovery Education, an edtech specialist backed by Clearlake Capital Group, has acquired DoodleLearning, a UK-based Maths provider of maths and english language arts products designed to create personalised learning experiences that help improve students’ academic achievement and confidence.
Terms of the transaction have not been disclosed.
Today, DoodleLearning offers four products supporting instruction in Math and English Language Arts for grades Pre-K to 9 that have been used by over one million children in the U.K. and around the world. As part of the Discovery Education family of services, DoodleLearning will continue to apply its educational ability to
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