Iventis sports new £400,000 investment
Iventis, an events software platform company used by organisers of international sports competitions, has secured a £400,000 investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF) and the government’s Future Fund.
The Lincoln-based company is planning to use the funding to support its further growth and create seven new jobs.
The latest funding round follows a £250,000 investment by MEIF last year.
Advanced acquires Mitrefinch to further market share
The software and services company Advanced has acquired Mitrefinch, a global provider of workforce management solutions. It is Advanced’s second acquisition of 2020 following the acquisition of Tikit a legal, accounting and professional services software business in March.
This latest deal boosts Advanced’s market share in HCM, and further strengthens its offering with cloud HR at its core, by offering a complete digital HR lifecycle.
Detected backed with £250,000 pre-seed round
Detected, the world’s first agnostic business verification platform, has raised £250,000 in a pre-seed funding round, which was supported by a number of prominent angel investors including Rob Barnett, managing director of Southern Water; Craig Sears-Black, CEO of EV Cargo; and Carl Hartmann, co-founder of Lyre’s Spirit Co.
Other investors include the former managing director of Citigroup as well as strategic partners in Europe, Middle East and APAC.
This first wave of funding will be used to further develop Detected’s platform ahead of its impending launch in December.
Hinterview recruits VC to raise £1.47m funding round
Hinterview, a UK-based recruitment and talent search video platform, has raised £1.47m in venture capital led by TMT Investments PLC, bringing Hinterview’s total raised to date to over £3m.
The investment will be used to scale the business both in the UK and internationally, helping the business to meet the rapidly growing demands.
TMT Investments invests in early stage tech companies and has net assets worth over £77m.
insha provided with £2.25m in funding
insha, an ethical digital accounting app, has announced a seed financing round of €2.5m (£2.25m) led by Turkish payment service provider Param.
insha will use the money for European expansion, further develop its banking products and strengthen the team at its headquarters in Berlin and Istanbul.
DANCE looks to pedal its services in new markets with £13.5m investment
DANCE, an e-bike subscription service, closes a €15m (£13.5m) Series A funding round led by HV Holtzbrinck Ventures and supported by BlueYard together with a number of entrepreneurs.
The fund will help DANCE offer its all-inclusive service subscription package into expanded markets across Europe and eventually the US.
HV Holtzbrinck Ventures invests in internet and technology companies and since 2000, HV has invested in more than 185 companies, including Zalando, Delivery Hero, FlixMobility, SumUp and Scalable Capital. HV supports start-ups with capital between €500,000 (£450,000) and €50m (£45m).
Occuity anointed with £1m angel investment
Occuity, a disease screening and diagnosis startup, has raised more than £1m, supported by Angel Investment Network.
Occuity is developing products to screen for, diagnose and monitor major chronic health conditions including diabetes and Alzheimer’s Disease.
The funding will help to finalise the product ahead of clinical trials in 2021.
Angel Investment Network has helped tens of thousands of businesses worldwide with investments ranging from £10,000 to £1m. In January 2018, AIN launched SeedTribe – an impact-driven platform focused on profit-with-purpose companies.
ELMO acquisition gives company breathing room in small business market
ELMO, a HR technology company has acquired Breathe, a UK-based self-service HR platform for small businesses. The deal was advised by Gateley Legal.
The acquisition provides ELMO with entry to a new market segment, the small business market (<50 employees), while at the same time expanding ELMO’s footprint in the UK.
Personify XP manufactures deal with Founders Factory in £550,000 round
Personify XP, the world’s first anonymous digital analytics and AI personalisation platform, has closed a £550,000 pre-seed round. Investors include Founders Factory, Touker Suleyman and other high-profile angels.
As part of Founders Factory’s investment, its operations team across a number of core business functions are providing hands-on assistance to support the growth of Personify XP.
Founders Factory is a start-up studio and accelerator program for business founders; the Founders Factory team validates ideas, builds founding teams, finds first customers and invests directly in start-ups across multiple disciplines.
Start-up gets to the crux of the matter after £1m seed round
CRUX, the British-Israeli start-up that has developed a knowledge quantification platform, has announced a £1m seed investment round led by WENVEST Capital, the B2B SaaS venture capital firm, and includes A-Round Capital and Founders Factory.
CRUX will leverage the current investment to scale-out its publisher product offering, further develop its algorithm and engage with corporate design partners.
Further reading
