Deals of the Week 9 May to 13 May – a Growth Business round-up

Deals this week include a platform to make decisions at work easier, a spinout opening new possibilities in pharmaceutical manufacturing, and a platform which identifies those at risk from poor mental health

£98m raised to make decisions at work easy

Decision intelligence platform provider Pyramid Analytics has closed a Series E funding round of £98m ($120m), bringing the company’s total venture capital raise to more than £173m ($211m). The round was led by H.I.G. Growth Partners, with participation from Clal Insurance Enterprises Holdings, Kingfisher Capital and General Oriental Investments.

Pyramid uses AI to automate technical work needed to prepare and analyse data to create and share dashboards and reports. The platform provides instant access to any data to enable employees to make faster and more informed daily strategic and operational decisions.

PocketLaw pockets £9m to simplify legal work for SMEs

PocketLaw, a platform helping businesses handle legal work with efficiency and ease, has closed a £9m (€10m) Series A funding round led by Atomico. Existing investors including Kinnevik’s Cristina Stenbeck and Susanna Campbell also participated. The latest funding brings the company’s total investment to £12m (€14m).

PocketLaw is a SaaS platform that helps employees create and manage contracts by supplying a suite of templates. The all-in-one solution brings together tools needed for SMEs to handle legal on a day-to-day basis and guides users along the way to make legal work efficient and cheap.

Video recruitment platform shines with £1.3m funding

Sunderland-based Shine Interview, a video-based recruitment and HR tech platform, has received a £1.3m funding package from the North East Venture Fund (NEVF), supported by the European Regional Development Fund.

Shine’s platform facilitates remote recruiting through live and pre-recorded video interviewing, alongside a suite of recruitment tools including scheduling, diary management, video CVs and video-based engagement tools. The platform has been proven to cut the time and cost of hiring by up to 70 per cent.

Drug formulation spinout raises £1m

Birmingham-based start-up Aston Particle Technologies (APT), a spinout from Aston University, has completed a £1m funding round led by DSW Ventures alongside Aston University and an Aston alumnus.

The spinout has developed a novel dry powder coating technology, a process which greatly simplifies formulating active pharmaceutical ingredients when manufacturing drugs. The technology also provides a simpler route to develop high-dose dry powder inhalers, oral solid-dose drugs, fixed-dose combination drugs and biologics.

Workplace mental health platform secures £650,000

A mental health platform that identifies those at risk of poor mental health in the workplace and provides targeted support has received £650,000 in pre-seed funding from investors including Triple Point Ventures and several angel investors.

MyMynd provides employees with a platform where they can access mental health assessments based on clinically validated tools. These enable employees to get a detailed understanding of their mental health risks and wellbeing, and users are guided toward resources linked to their needs to improve their ability to cope. The platform’s proprietary algorithm can detect those experiencing difficulties and MyMynd’s team of trained responders provide further guidance and support.

More Deals of the Week

Deals of the Week 2 May to 6 May – a Growth Business round-up

Deals of the Week 25 April to 29 April – a Growth Business round-up

Dom Walbanke

Dom Walbanke

Dom is a feature writer for Growth Business and Small Business, focused on matters concerning start-ups and scale-ups. He has also been published in the Independent, FourFourTwo magazine and various lifestyle...

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