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Funding boost for Mobango

Online and mobile services operator Mobango has received €2 million (£1.3 million) in funding from London-based Doughty Hanson Technology Ventures. Mobango wants to create the equivalent of social networking sites like MySpace and YouTube for mobile phone users.

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BVCA rallying cry for VCTs

The British Venture Capital Association (BVCA) has called for the Government’s continued support for VCTs in order to prevent leakage from the sector or a loss of specialist talent.

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Bridges backs schools project

A Birmingham-based manufacturer of products designed to motivate school children has secured a seven-figure investment. School Stickers received £1.42 million from Bridges Community Ventures, a venture capitalist that targets businesses in the UK’s most deprived areas.

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Property firm moves to PLUS

AH Medical Properties (AHMP) has joined PLUS, issuing some 30 million shares at 42p each to raise £12.6 million. On admission, the property investor was valued at £10.81 million.

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Cambridge Broadband raises $22.5 million

Telecommunications specialist Cambridge Broadband has raised $22.5 million (£11.4 million) of funding. Taking part in the round were existing investors Amadeus Capital, Accel Partners and TVM Capital, together with new investor Adara Ventures.

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EFE and Bank of Ireland back CFM deal

Gas and electric fire manufacturer CFM Europe has been bought by Michael Miller, its managing director. The deal was backed by asset-based lender Enterprise Finance Europe (EFE) and Bank of Ireland.

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PLUS admits nanotechnology specialist

Advance Display Technologies (ADT), a developer of nanotechnology for the electronic and electrical equipment industry, has started trading on PLUS after placing 50 million shares at 50p each.

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Ryan lured by St Minver

Online games network operator St Minver has appointed Jim Ryan as CEO.

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PLUS admits nanotechnology specialist

Advance Display Technologies (ADT), a developer of nanotechnology for the electronic and electrical equipment industry, has started trading on PLUS after placing 50 million shares at 50p each.

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Ryan lured by St Minver

Online games network operator St Minver has appointed Jim Ryan as CEO.

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Aberdeen backs Oliver Kay buy-out

Oliver Kay, a fruit and vegetable distributor, has been bought by a team of its managers led by the company’s eponymous founder. The buy-out team was backed in the £17 million deal by private equity firm Aberdeen Asset Managers Growth Capital.

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Milk company joins PLUS

National Milk Records (NMR), a holding company that supplies software to the dairy industry, has listed on PLUS Markets, placing 7.3 million shares at 43p each.

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Great expectations for Presence Networks

Presence Networks, an instant messaging service provider, has received £250,000 of investment from The Capital Fund. It is one of a series of investments in the company by the venture capital fund, which backs fast-growth businesses in London.

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AXA buys two insurance brokers

Insurance and asset management group AXA UK has strengthened its broking services business to the SME market after buying two companies. The group has bought insurance brokers Stuart Alexander and Layton Blackham in deals funded by its private equity business, Venture Preference.

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