hero look to rescue customer wellbeing after £825,000 investment
hero, a healthtech platform focused on delivering tailored wellbeing programmes, has raised £825,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, to support its continued growth.
The funding will allow the Leeds-based company to further enhance its software platform and develop its marketing strategy.
LDC sells Texthelp stake
LDC, an investment subsidiary of Lloyds Bank, has sold its stake in Texthelp, a specialist in literacy and accessibility technology, to Five Arrows Principal Investments. The deal was advised by Gately Legal.
Liberis raises £70m for SME financing
Liberis, a global business finance platform, has secured £70m in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as from new partner Silicon Valley Bank (SVB). This brings Liberis’ total funds raised to £200m total, including over £50m in equity funding.
The new funds will be used to fuel company growth, launch new products and markets, and provide additional customer financing solutions.
Liberis has provided over half a billion pounds (£500m) in financing to 16,000 SMEs across Europe, USA and UK, including £250m in the past two years alone. Founded in 2007, Liberis provides partners with financing solutions for their small business customers.
Genius expands age range of services after acquisition
Genius Group, the world’s leading entrepreneur education group, has completed the acquisition of New Zealand-based teaching and childcare company Education Angels. With this acquisition, Genius Group now extends its services to children at preschool age.
This agreement is one of a succession of acquisitions totalling over $80m (£59m) that Genius Group has undertaken since March 2020, as it grows its entrepreneur education programmes and community globally.
Shard provides £12.5m to sharpen buy-out bid
Shard Credit Partners has provided committed acquisition financing of £12.5m in support of the primary management buy-out of smart meter provider, Chameleon Technology, led by CEO and co-founder Mike Woodhall together with the senior management.
Further reading
Deals of the Week, December 11 to 18 – Growth Business roundup
