Notable Transactions
Signol, a startup using behavioural science to reduce emissions in shipping and aviation, has raised £2.5m from NYC VC TMV
London-based virtual hospital ward startup Doccla has closed a £35m Series B funding round led by Lakestar
Gimv is selling its stake in French software company Mega International to Bizzdesign, a Main Capital portfolio company, for an undisclosed amount
Treble, a next-generation sound simulation and synthetic audio data generation technology company, has raised €11 million in a Series A round led by KOMPAS VC
Oakley Capital has agreed to sell its majority stake in maritime sector software provider Ocean Technologies Group (OTG) to Lloyd’s Register, a global professional services group specialising in marine engineering and technology
Palm, a Sweden and Netherlands-based fintech created to streamline cash management for enterprise treasury teams, has raised $6.1 million in Seed funding co-led by Speedinvest and Target Global
Mid-cap investor Bregal Unternehmerkapital has acquired a majority stake in digital workplace business Communardo Holding
Root Signals, a startup based in Helsinki and Palo Alto specializing in generative AI (GenAI) measurement with LLM-as-a-judge techniques, has raised €2.5 million. The round was led by Angular Ventures
Tikehau Capital has competed the sale of its stake in Preligens, a specialist leader in artificial intelligence for aerospace and defence to Safran for an enterprise value of €220m
Copilot Capital, a new $200m pan-European private equity fund backed by global investment firm The Friedkin Group, has made a majority investment in SecureFlag, an software company focussed on cybersecurity training
Reonic, a climate tech SaaS startup focused on enabling the deployment of sustainable energy solutions across Europe, today announces that it has raised a €13m Series A funding round led by Northzone
18 months after its first funding round and the launch of its offering, Insurtech startup Korint has raised €5M led by Ventech, with continuing support from 360 Capital
Capsa AI, a London-based startup transforming due diligence in private equity, has raised £1.7 million in Seed funding just eight months after its founding
Berlin-based fermentation startup Formo has raised a $61m Series B round to scale operations for its animal-free cheese alternatives
Tem, A renewable energy platform which has partnered with iconic British Grand Prix venue Silverstone has tapped VC firm Atomico and the CTO of fintech Wise in a £10.5m funding round
Delli, an online platform for sourcing independent food and drink launched by Depop founder Simon Beckerman, has raised $6m from Balderton and HV Capital
Customer engagement software business Netcall has marked its expansion into Europe after acquiring Belgian generative AI-powered document processing firm Parble in a €10m deal
Manual, a UK-based startup selling medication and supplements for men’s health conditions, has raised £29.2m, in a round which featured existing investors Felix Capital and Cherry Ventures alongside Octopus Ventures
Finnish private equity firm Vaaka Partners has exited SaaS firm Cloudpermit to The Riverside Company
tem., an AI transactions platform that enables UK businesses to buy energy directly from renewable generators for less than the cost of traditional fossil fuels, has secured a €12.4 million Series A round from Atomico amongst existing investors Albion VC and Revent
Berlin-based Smalt, a training academy and tech platform for the green energy installation industry, has raised €8m in seed funding led by proptech VC noa, formerly A/O PropTech
Wingbits, the Stockholm-based startup creating one of the world’s best flight tracking network, has announced a seed funding round of €3.1 million led by two US VCs Borderless Capital and Tribe Capital
Reverion, a German company building reversible, carbon-negative power plants, has raised $62 million in Series A funding which was led by Energy Impact Partners
Copilot Capital completes the firms 2nd deal of the month, as they have made a majority investment in PriceShape, a fast-growing software company specialising in pricing intelligence and competitor monitoring
Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding led by One Peak
Credit card challenger startup Yonder has raised £23.4m as it looks to expand its rewards offering for young users with funding from Repeat and Latitude
Paris-based health insurance platform Alan has raised €173 million for its Series F in the largest European insurtech deal this year led by Belfius alongside OTPP, Temasek, Coatue and Lakestar
One of Europe’s last surviving speedy grocery companies, Berlin-based player Flink, has raised $150m, $115m of which is equity, and the rest debt from existing investors Bond, Mubadala, Northzone and Rewe
Inbolt, a provider of real-time robot guidance solutions, has secured a €15 million Series A round as the round is led by Exor Ventures
DeepDrive, a high-tech electric motor company, has raised a €30 million Series B funding round from Leitmotif alongside BMW I Ventures and UVC
Ferovinum, a funding and supply chain platform for wine and spirits businesses based in London, announced the completion of its over €20.8 million Series A funding round. The round was led by Notion Capital
EQT has sold Swiss IT company Open Systems in a trade sale for an undisclosed sum
Former product lead at Revolut has raised $30m in Series B funding for Apron, a fintech aiming to become the financial superapp for small and medium businesses
Cambridge-based synthetic genomics startup Constructive Bio has secured $58m for the first close of its Series A round led by Ahren, OMX Ventures and Paladin Capital
Productivity software company Raycast has raised a $30 million Series B funding round to reduce workplace context switching and improve focus in a round led by Atomico
Anaphite, a start-up aimed at making electronic vehicle (EV) batteries cheaper and less energy-intensive has raised £10.4m in a fresh funding round from World Fund and Maniv
Findable, an Oslo-based startup that automates building documentation using AI, has raised a €9 million Series A round and was led by Point Nine
German healthtech EGYM has raised approximately $200M of growth capital at a valuation of over $1B from L Catterton
Impact investor Summa Equity has acquired Switzerland-based NetGuardians, a fraud prevention and anti-money laundering fintech business.
Latest Funds
Warburg Pincus has closed its debut structured-investing fund, they have raised $4 billion for its inaugural Capital Solutions vehicle for financing businesses with complex needs
Atomico has raised two new funds, closing $485m for a Series A focused fund and a $754m growth stage fund targeting investments from Series B to Pre-IPO
Amsterdam-based VC firm SET Ventures has doubled the size of its last fund with a new €200m pot to back sustainable startups developing digital products to help facilitate the adoption of renewable energy solutions
Inflexion has held a £975m final close on its sixth lower mid-market fund after just five months on the road and has more than doubled its predecessor
Castik Capital has reached a €2bn final close on its third fund, beating its initial target. Epic III originally sought to raise €1.75bn. It is also 60% larger than its predecessor, which held a €1.25bn close in October 2020
Outward VC, a London-based VC firm focusing on fintech, has received backing from the British Business Bank and completed a first close of £51m for its second fund
London-based Schroders Capital has been approved to launch its first VC-focused long-term asset fund as the industry moves to enable pension fund investments in the UK private markets. It has a cornerstone investment of £300m split between insurer Phoenix Group and The British Business Bank
Spain-based VC firm All Iron Ventures is rebranding to Acurio Ventures, as it today announces that it’s closed its third fund, of €150m, to invest in European startup
Munich-based VC Capmont Technology has closed its first fund of €100m, to back B2B tech startups across Europe and the US
San Francisco- and Berlin-based VC Headline has raised $865m for its fourth growth fund. It has hired a new team to run the fund, led by incoming general partner Shalini Rao, who will be based in London
Pictet Alternative Advisors, an independent unit of the Pictet Group which manages hedge fund PE and real estate investments, has held the final close of the second vintage of its technology-focused thematic private equity fund at more than $200m
Vitruvian Partners, has closed its latest buyout fund, Vitruvian Investment Partnership V (VIP V), at €7.3bn in total capital commitments, surpassing its initial target of €6.5bn
Industry News
Private Equity has warned that a potential UK capital gains overhaul could be the tipping point for the industry in the UK after prior changes to carried interest taxes
CVC has added to the arguments about carried interest in the UK, with the CEO warning government that it could result in staff leaving the country permanently
Inflexion has expanded its Partnership with two hires to bolster their focus on technology and business services, bringing in Yuri Mikhalev from Keensight and Michael Baster from Crescent Capital
Y Combinator will expand the number of cohorts it runs each year from two to four starting in 2025. President Garry Tan has said that approximately the same number of companies will go through YC each year, despite the change. This means each cohort will be about half the size of recent years
Recently set up, Noteus, an investment firm founded by former Eurazeo Growth partners, is targeting a debut fund at €600m
Livingbridge has created The Future Board Leaders Programme, a new initiative aimed at improving boardroom diversity, after routinely seeing just 3-5% diversity metrics on portfolio company boards
This week at the Startup Germany Summit 2024 in Berlin, the German government said it would invest €12 billion into domestic startups by 2030, alongside private capital sources including Deutsche Bank and Allianz
Lithuanian payments fintech kevin, which raised more than $65m from big name investors like Accel and Eurazeo, has been declared insolvent by the Vilnius District Court
Current mandates:
TMT Investment Banking Analyst – London, UK
TMT Investment Banking Associate – London, UK
Private Equity Associate – London, UK
Growth Equity Associate – London, UK
Venture Capital Principal – London, UK
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