Kadmos, an end-to-end salary payments platform for cross-border employers, has raised €29 million in a Series A funding round led by Blossom Capital. The investment round, which follows an €8.3 million seed round in December, also included existing investors Addition and Atlantic Labs. This new financing will be used for technology and product development. Kadmos is uniquely positioned to capitalise on the growing global cross-border B2C payment volume projected to reach $1.6 trillion by 2022, involving 169 million migrant workers across the world, according to the UN.

Leeds-based independent games studio and virtual reality (VR) developer XR Games has secured £5.9 million ($7m) investment, in a round led by existing investors act media ventures, Praetura Ventures and Maven. This investment will support XR Games’ expansion as it moves to a brand-new studio in the centre of Leeds later this year. It will enable the business to grow its team as it invests in intellectual property (IP), the development of new games, and research into VR and augmented reality (AR) technologies, following the success of its Zombieland: Headshot Fever launch in 2021.   XR Games initially raised £1

Pexapark, a specialist in software and advisory services for renewable energy sales, has raised an additional €8 million in second round of Series B funding. This round began in late 2021, and brings Pexapark’s total Series B funding to €14 million, and its total equity investment to €19 million, accelerating its growth in the global renewable energy market.   The funding round, formally announced this month, has seen S&P Global Commodity Insights, which includes S&P’s Platts price benchmarks, and Fluence, an energy storage and digital applications leader, join existing Series A and B investors Encavis, RP Global and BayWa re

Maven Capital Partners’ (Maven) Maven VCTs have committed £4 million of investment to Novatus Advisory Limited (Novatus). London headquartered Novatus provides specialised advice to financial services firms to support them in complying with their regulatory obligations, including risk, compliance and ESG programmes. Key to this is Novatus’ RegTech division which develops market leading tools to support firms with complex challenges. The flagship product – the Novatus Transaction Reporting Analysis (TRA) tool, enables banks and asset managers to meet their transaction reporting reconciliation requirements in an efficient and cost-effective manner. The funding from Maven will be used by Novatus to invest

ID-Pal, a global identity verification provider, has secured €7 million (£6 million) in a Series A funding round led by Inspire Investments to further fuel expansion into international markets. The round was led by Inspire Investments with confidence shared by Act Venture Capital who have now participated in ID-Pal’s last two rounds. Inspire Investments is led by Derek Delaney, CEO of Waystone, and is the private holding company for the management of Waystone. This new wave of funding will allow the Dublin-based identity verification company to further scale its global sales and marketing efforts to meet the growing demand for

3i Group (3i) is to invest in VakantieDiscounter, a technology-enabled online travel agency in the Benelux focused on affordable holidays.

11:11 Systems (11:11), a managed infrastructure solutions provider, has acquired Static1, a specialist in managed network and IT infrastructure development and services. Driving increased productivity, efficiency and security for its customers, Static1 designs, builds, runs and optimises IT infrastructure.    The enterprise network infrastructure market is valued at $56 billion as of 2021 and is expected to grow significantly over the next five years. The shifting dynamics of remote work and the increased need for bandwidth and technology to enable the migration to wireless are major factors driving the growth of the connectivity market. IT leaders must ensure applications and

Riskonnect, a specialist in integrated risk management (IRM) solutions backed by private equity firm TA Associates, has acquired Castellan, a global provider of enterprise resilience management solutions. The acquisition furthers Riskonnect’s IRM vision of bringing all aspects of Risk Under One Roof by seamlessly incorporating business continuity and operational resilience capabilities into its platform.   Castellan’s mission is to help organisations find the right balance of risk tolerance and resilience to protect their people, reputation, customers, and bottom line. The company serves more than 750 customers in over 30 countries and has 130 employees. The acquisition accelerates the growth objectives

Construction platform 011h has raised €25 million in a Series A funding round led by Redalpine, accompanied by Seaya Andromeda and Breega, with the  participation of Aldea Ventures among others. Previous investors including Giuseppe Zocco, Foundamental and A/O Proptech, also joined the round. The funding will be used to further develop 011h’s digital platform and building system, as well as grow its team and strengthen its network of partners. Initially, 011h will focus on projects in its home market of Spain. It will then pursue its goal of becoming a leading building platform in Europe, and ultimately an open platform