Par Equity’s investments in high-growth technology businesses have smashed through the GBP100 million mark. The milestone was passed when the company completed five investments in a week earlier in October. One of the highlights of Par’s recent activity was a multi-million-pound investment in Artus, a company seeking to revolutionise the HVAC (Heating, Air Conditioning and Air Conditioning) industry. A spin-out from engineering giant Arup, with offices in Edinburgh and London, it has developed technology that makes the heating and cooling of buildings more efficient and significantly reduces the amount of energy consumed and carbon generated Par, from its headquarters in

Formstack, a workplace productivity platform, has secured a USD425 million growth investment led by Silversmith Capital Partners and returning investor PSG. The investment comes on the heels of Formstack seeing rapid global adoption of its no-code workplace productivity platform by thousands of customers. Launched in 2006, Formstack empowers anyone to quickly and easily build custom forms, create documents, and collect eSignatures—all without code. More than 238,000 users across more than 25,000 organisations worldwide—including Cleveland Clinic, NHL, Netflix, Twitter, and Butler University—have turned to Formstack to digitise and automate everything from simple tasks to complex enterprise processes. Whether it’s improving the

Farmers Business Network (FBN) a global farmer-to-farmer network and ag tech company, as closed a USD300 million Series G funding round.  The round was led by Fidelity Management & Research Company LLC with participation from LN Mittal Family Office, ADM Ventures Investment Corp, Colle Capital Partners, Walleye Capital, and Tudor Investment Corporation. The financing included existing investors: funds and accounts managed by BlackRock, certain funds managed by Fidelity Investments Canada ULC, Temasek, funds and accounts advised by T Rowe Price Associates, Inc, GV, Baron Capital Group, DBL Partners, BAM Elevate. FBN will use the capital for general corporate and working

Grammarly, the company powering effective communication for over 30,000 teams and 30 million people daily, has announced over USD200 million in funding at a USD13 billion valuation from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others.  With this latest round, Grammarly will accelerate product innovation and team growth to transform how individuals and organisations around the world communicate.    “Grammarly’s latest funding round underscores the importance of our mission and the broad need for effective communication,” says Brad Hoover, CEO of Grammarly. “By enabling clear and confident communication, Grammarly’s platform helps people excel both personally

International private equity firm, Cinven, is to make a significant investment in technology services provider Nitel. Financial details of the transaction have not been disclosed. Headquartered in Chicago, Illinois, Nitel is a provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises (SMEs). The Company has a robust portfolio of communications solutions and a modern platform which delivers reliable, high-performance services to its customers.   In addition to its managed access offering and interconnect services, the Company also provides high-quality Software Defined Wide Area Network (SD-WAN) solutions and associated managed cybersecurity offerings that simultaneously improve application