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It’s all about tech deals today starting with news of a USD40 million investment by Digital Alpha in Quantela, a specialist in IoT-enabled smart cities and urban infrastructure digitalisation. Operating via an Outcomes-as-a-Service model Quantela leverages customer outcomes such as revenue generation and expense savings to finance the capital investment of projects.

Sticking with the IoT theme, family-backed private equity investor Perwyn has acquired a majority stake in JT’s Internet of Things division, which has doubled in size every year for the past three years.

And in the VC space, we have news of tech-sector investments by CEMEX Ventures and SFC Capital, plus a GBP300,000 speed funding round by University of Edinburgh start-up REOptimize Systems, a specialist in wind turbine improvement technology.

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