GroVentive has completed a successful investment in Coastr, a Scottish technology startup, which enables car hire firms to become fully digitalised via a cloud-based “all-in-one” vehicle rental management platform delivering keyless entry, remote vehicle immobilisation, and real-time fleet monitoring.  The Edinburgh-based company plans to launch additional products into the market in 2022 such as on-demand fleet insurance, integrated vehicle financing and connectivity to market aggregators and booking platforms. It has partnerships in place with Volkswagen Financial Services (VWFS) and existing customers include UK van rental company Herd Hire Group.  Industry partners include Stripe, Sage, and Elavon. The company also plans

Doconomy has announced a USD17 million investment round bringing the total invested in the firm since the start of 2018 to USD24 million. This funding will accelerate Doconomy’s continued expansion and support the further development of its impact applied portfolio; enabling impact calculations on transactions, lifestyle, products and companies of all shapes and sizes. The funding will also be used to recruit new hires to join Doconomy’s growing team. Doconomy currently processes close to 90 million transaction impact calculations per month in 20 markets, for clients including Klarna, with close to 20 million users in their app, and Nordea with

cheqd – a start-up providing technology that could drive widespread uptake of digital IDs – has secured a USD2.6 million (GBP1.9 million) investment to support the launch of its product later this year. The latest funding round was backed by Outlier Ventures, Evernym, TitanBlock, Torque, 3GR and a consortium of private investors. It follows their initial investment in March this year and brings the total raised by the company to USD3.3 million (GBP2.4 million).   cheqd’s software enables individuals to have their own digital ID that they can store on their mobile phone and use to verify their identity or

Global Technical Group (GTS), a Romanian developer of software for the security industry, backed by Abris Capital Partners (Abris), has acquired Lummetry.AI, a Romanian artificial intelligence business.  The transaction will further strengthen GTS’s position as a market leader in software solutions for physical security automation.    GTS was founded in 2007 and consists of two divisions providing software solutions for the security industry, comprising advanced IoT solutions, building technologies, engineering, automation and energy efficiency, facility management and technical maintenance. GTS is one of the largest players in this sector in Romania, counting most of the largest banks, oil companies, shopping

Sunamp, a thermal storage technologies company, has secured a GBP6 million (USD8.3 million) convertible loan note investment from the Scottish National Investment Bank. Sunamp will use these funds to increase its sales in the UK, scale up production, and to accelerate international expansion into China, the Americas and continental Europe.   Sunamp is already active in 17 countries and has so far shipped over 15 thousand thermal batteries for the residential market from its UK manufacturing facility on the outskirts of Edinburgh. It recently opened new premises in Zurich and will open its first overseas manufacturing facility under licence in

Mirakl, an enterprise marketplace SaaS platform, has raised USD555 million in a Series E funding round led by Silver Lake, with participation from long-term investors 83North, Elaia Partners, Felix Capital, and Permira. The new funding increases the company’s valuation to more than USD3.5 billion. Mirakl’s valuation has more than doubled since its USD300 million Series D funding round announced on 22 September, 2020 and led by Permira’s growth fund. The company is poised to accelerate its rapid growth through the continued adoption of its flagship enterprise marketplace platform that already powers billions in gross merchandise value (GMV) and delivers speed,

LightEdge, a provider of colocation, cloud and managed service solutions, has acquired Cavern Technologies, an enterprise-grade data centre provider in Kansas City. Cavern Technologies was founded in 2007 as the area’s first colocation data center and is Kansas City’s largest colocation provider today. The natural limestone environment of Cavern’s underground facility serves as a fortress of security and resiliency for customers. Cavern provides a unique value proposition for mid-market to Fortune 1000 enterprises across the Midwest, offering customizable private suites for customers with two to 200+ cabinets.   Jim Masterson, CEO of LightEdge, says: “This is the first acquisition under