Deals of the week, February 28 to March 5 – GrowthBusiness roundup

Growth Business roundup of Deals of the Week, February 28 to March 5, listing seed funding, venture capital and crowdfunding deals of note

Quadrille dances into £442m fourth tech fund

Quadrille Capital raised €511m (£442m) for its fourth fund, Quadrille Technologies IV. Up to 50 per cent of the fund will be invested in Europe and 30 per cent has already been deployed. This fourth fund has already exited two investments: Freshly, sold to Nestlé for $1.5bn, and Expanse, sold to Palo Alto Networks for $800m. Based in Paris and San Francisco with a team of 30 people, Quadrille currently has €1.2bn under management.

Atai trips on £114m Series D funding round

Atai Life Sciences, the Berlin-based biotechnology company researching the use of psychedelics to treat mental illness, closed a $157m (£114m) Series D funding round. Apeiron Investment Group, the family office of atai’s founder Christian Angermay, led the round alongside Thiel Capital and new investor Woodline Partners. Other investors include Falcon Edge Capital, which has an office in London, Fearless Ventures and Highline Capital.

Countingup adds £9.1m in Series A funding

Countingup, a business current account with built-in accounting software, closed £9.1m in Series A funding led by Framework Venture Partners joined by Gresham House Ventures, Sage and existing investors. The two-in-one app simplifies bookkeeping for the self-employed and SMEs. Currently Countingup has over 34,000 customers.

Octopus wraps around Perfect Ward

Octopus Investments has invested £4m in healthcare digital inspection platform Perfect Ward. With offices in London and Adelaide, Perfect Ward serves over 70 hospitals, care homes and other health and social care organisations in the UK, Australia and South Africa. It has been used in over 500,000 inspections by more than 25,000 registered healthcare professionals.

Breathe ilo draws in another £2.5m

Austrian femtech start-up Breathe ilo has closed £2.5m in funding to expand into the UK market. AWS Gründerfonds, one of Austria’s largest VC funds, led the round alongside existing shareholders. The handheld fertility tracking device measures CO2 saturation levels to track and estimate peak fertility during a woman’s regular ovulation cycle. The UK fertility sector is estimated to be worth £320m.

Cornerstone supports bra brand Nudea

Nudea, the underwear brand, closed a second round of seed funding worth £600,000. It total, Nudea has raised £1.1m to date. Backers include seed-stage firm Cornerstone Partners, and a group of angels led by investor James Eden.

More Deals of the Week

Deals of the week February 22 to February 26 – GrowthBusiness roundup

 

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