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. 

Trilantic North America has completed a substantial growth investment in TSC Miami (TSC), a tech-enabled provider of on-demand and screen print and fulfilment services for merchandise selling into ecommerce, retail and creator end markets.  The investment is being made in partnership with TSC’s founding team, namely Billy Koorse, his son Evan Koorse, and their partner Scott Valancy, which retains a meaningful equity stake and continues to run the business post-close.   Founded in 2001 and headquartered in Miami, Florida, TSC provides customers with a comprehensive merchandise fulfilment offering, including direct-to-garment printing services through its Monster Digital division and screen printing

MUSO, a London-based data company that provides a complete and trusted view of global piracy and unlicensed media consumption, has secured a £3.2 million investment from Puma Private Equity. MUSO has seen a 25% increase in general digital piracy year-on-year, when comparing H1 of 2021 to H1 of 2022. Its data is fast becoming a must have data-currency for entertainment companies and is already used by the likes of Amazon Studios, National Association of Theatre Owners (NATO), NOS, Lionsgate, MNRK (formally eOne Music), Sony Interactive Entertainment Europe, and more. MUSO’s technology measures hundreds of billions of visits to piracy websites

Tandym Group (Tandym), a US recruitment, contract staffing, consulting, and workforce solutions company backed by by Mill Rock Capital, a growth and operations-oriented private investment firm, has acquired Longford & Company (Longford), a Boston-based technology consulting and executive search company.  Terms of the transaction have not been disclosed.  Longford provides technology consulting and executive search services, primarily to clients in the Life Sciences, Pharmaceutical, and other industries. The acquisition further enhances the scale and scope of Tandym Tech, Tandym’s technology vertical, and comes shortly after Tandym’s acquisition of Metro Systems.  As a result of this partnership with Tandym, Longford’s clients