Crayhill arranges £145m credit line for Heroes…

US investor Crayhill Capital Management has arranged a $200m  (£145m) debt facility for Heroes, an e-commerce company which buys and scales top-performing brands selling on Amazon. Launched only 10 months ago, Heroes already operates in the UK, Europe, North America and Asia. Heroes employs more than 70 staff globally and plans to double headcount by the end of the year. Existing investors 360 Ventures, Fuel Ventures and Upper 90 have ploughed $65m into the company.

…while rival Olsam also closes £119m in debt and equity

Olsam Group, another company which buys and scales e-commerce brands on Amazon, has raised $165m (£119m) in a combination Series A and debt round. Aperion Investment Group and Elevat3 led the equity round, while North Wall Capital arranged the debt facility. Oslam’s ex-Amazon marketplace team have started, scaled and sold multiple Fulfilled by Amazon (FBA) brands. The team, led by Sam and Ollie Horbye, have over 20 years of FBA experience working specifically within Amazon’s marketplace team, managing thousands of international FBA brands, including some of the largest sellers in the UK and the EU.

CoachHub raises a further £58m Series B

CoachHub, the digital coaching platform, has raised £58m million in another round of Series B, increasing total Series B funding to £80m. Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest were all part of this latest round, bringing total funds raised to £95m million since 2019. CoachHub uses AI to match individuals with more than 2,500 certified business and wellbeing coaches in 70 countries. Fujitsu, Electrolux, Babbel, ViacomCBS and KPMG all signed up to CoachHub in the first half of this year.

Linearity draws £15m for its graphic design software

Design company Linearity has closed a £20m (£14.5m) funding round led by EQT Ventures alongside existing investors. The company’s Vectornator graphic design software is used by designers at Apple, Disney and Microsoft, among others.

Grow Group gets high on £3.4m crowdfund

Grow Group has raised over £3.4m through Seedrs in Europe’s largest-ever medical cannabis crowdfund. Founded in 2017, Grow wants to improve access to cannabis medicines in the UK and Europe with conditions such as chronic pain and epilepsy. The European medical cannabis sector is projected to be worth $3.1bn by 2025.

Praetura leads £2.2m round for BankiFi

BankiFi, a fintech specialising in payment processing and financial administration for SMEs, has secured a £2.2m investment in a funding round led by Praetura Ventures, with participation from the Greater Manchester Combined Authority (GMCA). The firm’s technology equips banks to take on challengers and provide more agile customer-led services to SMEs, as opposed to more traditional product-led offerings. BankiFi enables banks to provide services including invoicing, payments, cash management and accounting, designed to help businesses reduce time spent on financial administration.

More Deals of the Week

Deals of the week August 23 to August 27 – a GrowthBusiness roundup