Financial news, corporate announcements, analysts’ reports
LONDON: Tribe Technology PLC (AIM: TRYB), a disruptive developer and manufacturer of autonomous mining equipment, has conditionally raised approximately £1.41 million through a combination of fundraising activities. These include a Placing of 14,216,652 new ordinary shares (Placing Shares) at an issue price of 4.50 pence per share, raising approximately £0.64 million. Additionally, the company issued…
MCLEAN: Verituity, a leading provider of intelligent, verified payouts solutions, has raised $18.8 million in a funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. Verituity’s payout platform enables smart and verified B2B and B2C payout solutions for banks and enterprises. By knowing and verifying…
LONDON: Directa Plus (AIM: DCTA), renowned for its graphene nanoplatelets products, is embarking on a fundraising venture to secure a minimum of £6.8 million and up to £6.9 million. The initiative involves a conditional placing and subscription, aiming to issue up to 38,361,106 new ordinary shares at 18p each. The company’s largest shareholder, Nant Capital,…
BOSTON: Indico Data, the industry’s leading solution for the automating of critical intake workflows across the policy lifecycle, announced completion of a successful funding round raising $19M with a strategic investment from Guidewire, a premier platform for Property and Casualty (P&C) insurers. This strategic financial infusion and partnership with Guidewire will accelerate Indico Data’s mission…
KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. They’ve raised a total of $10 million in equity and debt from investors including Y Combinator, Goodwater, Global Founders Capital and VSQ and Since launching earlier this year, over 50,000 Freelancers and remote workers…
COPENHAGEN, DENMARK: Biotech company Adcendo ApS has successfully completed a second Series A extension financing, securing a total of 98 million EUR. The additional 16 million EUR funding was led by Dawn Biopharma, a platform controlled by KKR, with participation from existing investors including Novo Holdings, Ysios Capital, RA Capital Management, HealthCap, Gilde Healthcare, and…
AUSTIN, Texas: Humanaut Health has successfully secured an $8.7 million seed investment. The funding round was spearheaded by The Kabech Fund and saw active participation from Midnight Venture Partners, along with the company’s founders and other key individual investors. The influx of capital is set to bolster the development of Humanaut Health’s innovative care model,…
LONDON: Schroders Capital Global Innovation Trust plc announced its follow-on investment in Memo Therapeutics AG, a late clinical-stage biotech company based in Switzerland. The Company invested CHF 0.5 million (£0.4 million) in Memo’s Series C extension financing round, which raised CHF 20 million (£17 million) and was co-led by new investors, Ysios Capital and Kurma…
Zanskar Geothermal & Minerals (Zanskar), a pioneer in geothermal exploration, has successfully secured $30 million in a funding round spearheaded by Obvious Ventures. This financial infusion, featuring contributions from both longstanding backers like Munich Re Ventures, Union Square Ventures, Lowercarbon Capital, Safar Partners, and First Star Ventures, and new investor Clearvision Ventures, is set to…
Bricklayer AI Inc. announced a pre-seed investment of $2.5M to advance product development of its autonomous AI security analyst solution. The pre-seed round was oversubscribed with participation from Sovereign’s Capital, Dreamit Ventures, VIPC’s Virginia Venture Partners, BlueWing Ventures, and Blu Ventures, as well as cybersecurity industry leaders. Bricklayer AI has built the first autonomous security…
Baselayer, a B2B platform specializing in proprietary Graph AI technology, has raised $6.5 million seed funding. The company, which boasts a seasoned team of compliance and machine learning experts, has made a remarkable entry by securing nearly 30 customers within six months, including Rho and a leading loan infrastructure system, thereby extending its potential reach…
OpenGate Capital, a prominent global private equity firm, has successfully completed the sale of SMAC, a leading French provider of waterproofing and building envelope systems. The acquisition was made by Compagnie Financière Jousset (CFJ) in partnership with the management team of SMAC. The financial details of the deal remain undisclosed. Founded in 1884, SMAC has…