Ozo Innovations secured £600k Grant funding from UK Government

Oxford, UK, January 30 2019: Ozo Innovations (Ozo) announces that it has secured over £600,000 project funding from the Department of Business Energy Industrial Strategy (BEIS) Industrial Energy Efficiency Accelerator (IEEA) Programme managed by the Carbon Trust and Jacobs.

The IEEA aims to lower costs and increase the number of available energy efficient technologies for a range of industrial sectors, through demonstration of near to market innovations. This will help to reduce carbon emissions and improve the competitiveness of UK industry. The funding will enable Ozo to substantiate the significant energy savings that could be achieved by implementing Ozo’s eloclear® hygiene process.

The project hopes to demonstrate that it is possible to:

  • remove hot water from the food factory hygiene process;
  • reduce the total volume of water used; and
  • achieve robust high-quality hygiene outcomes.

The food industry’s reliance on hot water for hygiene means that it is an energy intensive process, yet it is often an unrecognised hygiene cost, as utilities spend is managed separately from hygiene chemicals, labour and testing costs.

Ozo substitutes cold electrolysed water for hot water, which requires significantly less power to produce. Using “cold water” for hygiene further benefits food processors that operate in chilled environments as it reduces condensation and removes the energy costs associated with re-chilling spaces that become warm when cleaned with hot water. The business has been working with leading UK food companies to optimise the technology and help businesses be more sustainable and competitive.

This demonstration project will compare the energy saving benefits of eloclear over the current industry standard of hot water based, multi-step chemical cleaning, across a number of standard hygiene procedures. Results will be published once the project is complete, in around 18 months’ time.

The trial site chosen is a leading maker of sandwiches, recognising that the “food-to-go” standards are some of the most demanding in the food industry.

“Consumers are recognising that their food choices are putting the planet under pressure. We use 70% of our fresh water for food production. Hygiene is an area, which offers an opportunity to save energy and water whilst maintaining or improving standards. This is good for everyone, as better hygiene means we can achieve longer shelf life, reduce food waste and maintain the safety of our food. We are delighted to have the support of Carbon Trust and Jacobs to demonstrate the energy credentials of eloclear,”

said Rowan Gardner, CEO of Ozo.

Paul Huggins, Director Innovation, the Carbon Trust:

“This exciting technology could have a major impact throughout the food industry, radically simplifying the way the sector carry out their hygiene processes. We are looking forward to working with Ozo, and scrutinising both the technical performance and energy saving credentials of the technology.”

About Ozo Innovations  

Ozo develops and markets novel products for effective cleaning and disinfection, and food safety applications. The company’s systems transform food grade salt and water into powerful disinfectants using electrolysis. The company works with leading food companies, authorities and retailers to prove the safety and efficiency of their approach. Ozo delivers benefits that are significant and quantifiable and add competitive advantage to the food industry:

  • Additional production capacity – saving time cleaning and achieving more robust hygiene outcomes delivers more time for production
  • Resource savings – Reducing energy, water, effluent and manpower spent on food hygiene and facilities cleaning and disinfections
  • Significant new value opportunities – through process innovation, product quality and risk reduction

Ozo’s products are in situ biocides for the purposes of EU (528/2012) Biocide Product Regulations (BPR). The company is listed on Article 95 as a provider of active substances.

eloclear® is a registered Trade Mark of Ozo Innovations Ltd.

About IEEA 

  • The IEEA is four-year, £9.2m programme funded by BEIS. The Carbon Trust and Jacobs manage the programme, in addition to providing project management and incubation assistance to the participating companies. The IEEA is designed to support partnerships between developers of innovative energy efficient technologies and industrial companies willing to test technologies on-site. The programme is open to projects from all UK industry sectors that can demonstrate either a novel technology (targeting Technology Readiness Level 5-8), or the use of an established technology in a novel way.
  • The BEIS IEEA allows promising innovators to demonstrate their technology in an operational environment and increase confidence from potential users. The BEIS IEEA also provides forward-looking industrial companies with an opportunity to implement pioneering technologies with decreased risk and capital cost.

For further information, please contact:
Lisa Holloway
Marketing Manager
Ozo Innovations
Email: pr@ozoinnovations.com
Tel: +44-(0)-1865-891012

CloseCross Raises £2.3 million from Amnis Ventures to Transform Financial Derivatives Market

Amnis Ventures backs UK fintech CloseCross to overhaul derivatives trading market

London, UK — January 30, 2019 — CloseCross, a multi-party, decentralised derivatives trading platform in beta, has opened its investment round with $3 million USD backed by Amnis Ventures, a privately owned venture fund based in Houston, Texas.

The investment puts CloseCross at a post-money valuation of $60 million USD.

CloseCross is committed to a disruption of the current financial derivatives market by deploying patented multi-party settlement mechanisms and proprietary algorithms. Its aim is to create a derivatives environment where market participants enter collective smart contracts instead of traditional one-to-one contracts.

CloseCross’ testnet application is currently available in beta in 140 countries across both iOS and Android platforms.

Vaibhav Kadikar, Founder and CEO of CloseCross, said:

“The vast majority of people are prevented from participating in the global derivatives trading market through a combination of cost and complexity. The support of Amnis Ventures brings us one step closer towards realising our vision of a valid, fair, and transparent alternative to the current derivatives market, and proves crucial to the continued development of the CloseCross platform and our ongoing efforts to get it into the hands of as many people and partners as possible.”

Amnis Ventures, a private investment company, was founded in 2013 and focuses on high growth technology, fintech, and energy companies. Manuel Silva III, President of Amnis Ventures, will join the CloseCross Board of Directors effective immediately.

Commenting on the investment, Silva said, “Multi-party derivatives trading is a compelling development and represents a real paradigm-shift for the market, potentially opening it up to participants from around the globe for whom traditional derivatives trading is both too expensive and too complex. On commercial launch and post regulatory approvals, CloseCross will make it easier for people to participate in trades by helping to reduce unquantified risk, making trading up to 90% cheaper, and providing unprecedented transparency on market prediction evolution in real-time. The platform’s 3-click system will enable participants to quickly and easily commit funds — an innovation with significant market potential. We are proud to support CloseCross’ development and its goal of revolutionising and democratising access to derivatives trading.”

For more information, visit the CloseCross at https://www.closecross.com


About CloseCross Ltd.
London, UK based CloseCross Ltd. is the developer of a multi-party, decentralised derivatives trading platform driving democratic participation. By introducing simple 3-click-trading, helping to eliminate unquantified risks, and making trading 90% cheaper, CloseCross promises to level the playing field for those wishing to participate in the $1200 trillion financial derivatives market. To download the beta and learn more, visit the CloseCross website; follow updates at Twitter and join active discussions in the Telegram community at https://t.me/CloseCrossCommunity

About Amnis Ventures (fka MS3 DRA Inc. and MS3 Ventures Inc.)
Houston, Texas, USA-originated Amnis Ventures Inc. is a private investment company established in late 2013 to participate in high-growth companies primarily focused on technology, fintech, and energy. Amnis Ventures, seeks investment opportunities in fast growing, free-flowing, early stage companies. Delivering managerial expertise, growth direction, and board member leadership, Amnis Ventures Inc. has concluded successful investments in real estate and specialty chemicals enterprises; while current additional entries include technology growth companies as well as revolutionary fintech start-ups.

Featurespace raises £25 million to drive international growth from Insight Venture Partners

Read more: The Sunday TimesBusiness WeeklyFinextraFStechInsider.

Featurespace, a leading provider of Adaptive Behavioural Analytics for fraud detection and risk management, has raised £25 million ($32.3 million) from a funding round led by Insight Venture Partners, a New York-based global private equity and venture capital firm focused on high-growth investments in the technology sector, and MissionOG, a US-based venture capital firm with significant operational and investment experience across the financial services and payments industries.

The round also included further funding from existing investors including IP Group plc, Highland Europe, TTV Capital, Robert Sansom and Invoke Capital.

The funding will be used to support Featurespace’s international expansion and continued development of the company’s software capabilities. 

The investment will also support the continued distribution of Featurespace’s real-time ARIC™ platform, which uses Adaptive Behavioural Analytics to detect anomalies in individual behaviour for fraud and risk management.

Martina King, Featurespace CEO, commented:

“We have made tremendous progress over the last 15 months since our last fund raising – and this fund raise is the largest to date. The additional funds will enable us to continue rapidly growing the business internationally by focusing on our products, our people and our customers.”

“Working very closely with our customers, we have developed a market-leading product to meet their fraud detection and prevention requirements. We have also significantly strengthened our senior management team and operational infrastructure, and opened an office in Atlanta, Georgia.”

“We have also grown our financial services customer base and now are working with 17 banks across continental Europe, the UK, US and Latin America. Equally important, we have become the technology partner of choice to a number of payment processors and merchant acquirers that have embedded our real-time fraud prevention technology in their anti-fraud solutions.”

Jeff Horing, Co-Founder and Managing Director at Insight Venture Partners, commented: 

“We have been following Featurespace’s growth for over two years. Following extensive customer and product due diligence, we were delighted with market feedback around the product and team. We welcome Featurespace into our portfolio and look forward to helping the company drive international growth.”

Gene Lockhart, Chairman and Managing Partner at MissionOG, commented:

“Martina King, David Excell and team have built a dynamic culture that has led to a well-defined and successful market focus. Their efforts are evidenced by strong sales momentum with notable clients in various segments, including multinational banks, payments companies, issuer processors and merchant acquirers.”

“We’re excited to partner with Featurespace and introduce our network and platform to continue to drive value and growth.”

Firefly school learning platform raises further £5 million from Downing Ventures

Firefly, a suite of school learning tools used in 40 countries and first developed by co-founders Simon Hay and Joe Mathewson while preparing for their GCSEs, has secured £5 million funding from Downing Ventures, alongside BGF and Beringea.

Firefly has the potential to cut school administration by 50 per cent and connect teachers, students and parents to share lesson plans and assign and review homework directly, both in and out of the classroom. In partnership with other best of breed tools, such as content providers, Firefly aims to create one, simple to manage, school ecosystem.

Today Firefly supports more than a million students, teachers and parents in 40 countries and holds a market-leading position in UK Independent senior schools, where it is used by more than 50 per cent of students. But the idea for the technology was first created by Joe and Simon back in 1999 when they themselves were still at school. The technology was quickly adopted by several schools, with Joe and Simon establishing the venture as a full-time business in 2009.

Firefly is now planning to extend its global expansion while further developing its strong presence in UK Independent and State schools. Education technology is fast-growing, so Firefly plans to invest £3m in research and development to further diversify its suite of products. This will include the launch of new tools to help teachers and leadership teams save time and improve student outcomes, such as giving teachers, management and parents a real-time view on student progress. Additionally, the business will look to strengthen its team and plans to create 20 new jobs over the next year, while also building even more partnerships and integrations with other EdTech products.

The £5 million funding round, led by Downing Ventures and supported by other established funds, is Firefly’s second successful investment round and brings the total raised for the business to almost £10 million. This latest funding marks a new milestone for the business that will support Firefly at a crucial stage of its growth and in its intention to cement its future position as a leading light in UK EdTech.

Simon Hay, Firefly Learning, commented: “At Firefly, our ambition is to supercharge the school experience, so every student can reach their potential. This investment will enable us to move more quickly towards empowering teachers, students and parents, adding to the hundreds of thousands using the tool every day.

“Downing’s experience in the EdTech sector caught our interest, as well as its work with other fast-growing companies that make a difference, and we’re looking forward to working with James and the Downing team on our own expansion plans.  BGF and Beringea have been fantastic partners over the past couple of years, and we’re delighted that they’re also doubling down to further support this next stage of growth.”

James Lewis, Investment Director at Downing Ventures also commented on Firefly’s unique position in the market: “The EdTech sector is an exciting but challenging place. On the one hand, it can be highly competitive, with the UK spending an estimated £1 billion on EdTech. However, at the same time, it’s also a very fragmented market. Firefly’s relentless focus on developing products that can make a tangible difference for teachers, students and parents has secured them a market-leading position among UK Independent schools.”

Simon Calver, Head of Venture Investments at BGF who sits on the board of Firefly, said:“Firefly has built an effective, easy-to-use tool that connects teachers, parents and students and ultimately enhances the education experience for young people. The team continues to drive growth on an international scale since BGF’s original investment and we’re looking forward to being part of this exciting next stage of their global journey.”

Stuart Veale, Managing Partner of Beringea and board member for Firefly, commented:“Firefly has demonstrated its ability to build a platform that transforms the educational experience of thousands of students around the world. Beringea has supported this latest round of funding to enable the business to build on this success and accelerate its growth as a global leader in education technology.”

ENDS

For all press enquiries, please contact:

Pamela Morris, the lang cat

0131 202 6037

07712 515 503

pamela@langcatfinancial.com

Jean Birrell, Downing LLP

07799555353

jean.birrell@downing.co.uk

NOTES TO EDITORS

In 2016, Firefly secured the largest Series A funding for an EdTech company in the UK, from BGF and Beringea.

ABOUT DOWNING VENTURES
Downing Ventures is an evergreen fund investing in seed to Series A companies, with the possibility of follow-on investments. It invests in a variety of technology sectors including consumer internet and mobile, enterprise software, defence and security technology, financial technology and health technology. It works alongside a number of investment partners and accelerator programmes and incubators, including the London Co-Investment Fund.

Downing Ventures is a division of Downing LLP, an FCA authorised (Firm Reference No. 545025) and regulated investment manager based in London, which has over 30 years of experience and has raised funds from 35,000 investors.

ABOUT BGF

BGF was set up in 2011 and has invested more than £1.8bn in over 260 companies, making it the most active investor in the UK and globally by number of transactions. On average, BGF invested in one company per week in 2018.

BGF has £2.5bn to invest in UK SMEs and in Ireland, and an additional €250m to support Irish businesses. Earlier this year, Canada launched its equivalent – the Canadian Business Growth Fund – based on BGF’s funding model, and Australia is now actively exploring the approach as well.

BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs.

ABOUT BERINGEA

Beringea is a highly active growth capital investor with $715m under management and offices in the UK and US. It supports high-growth businesses with annual revenues of more than £1 million, investing between £1 million and £20 million to help companies scale. 

With a successful track-record of investments spanning 30 years, Beringea has more than 60 portfolio companies across its US and UK offices. The company has a history of strong partnerships with management teams, often reinvesting in its successful entrepreneurs.

Its core areas for investment include digital media, business software and services, and consumer industries. With an extensive range of expertise across the team, and an ability for spotting and following opportunities, Beringea’s portfolio includes companies in a range of sectors, and its team continues to be at the forefront of emerging trends.

http://www.beringea.co.uk/

Foresight backs Fertility Focus with £1.25 million growth capital investment

Manchester, 24 January 2019

Foresight Group LLP (“Foresight”) is pleased to announce a £1.25 million growth capital investment into Fertility Focus Limited (“FFL” or the “Company”) a leading fertility monitoring technology company that has developed OvuSense, a registered medical device that enables women to predict ovulation.  The investment was led by Foresight on behalf of Foresight VCT plc and Foresight 4 VCT plc as part of a larger £2 million funding round, supported by new and existing investors including private High Net-Worth Individuals (“HNWI’s”).

Based in Warwick, FFL was established in 2005 to commercialise the intellectual property developed by a team from Bristol University that identified the ability to determine and predict ovulation with a high degree of accuracy by monitoring subtle changes in body temperature. Leveraging this knowledge, FFL developed OvuSense, a vaginal sensor that monitors core body temperature.  When combined with the proprietary algorithm available on the Company’s smartphone App, OvuSense is able to predict ovulation up to 24 hours in advance in real time and detect ovulation in advance with 99% accuracy. 

OvuSense is unique in that it remains highly effective in women with irregular cycles and who suffer from ovulatory conditions such as Polycystic Ovarian Syndrome and as such the technology is specifically targeted at the over 4 million women who have difficulty conceiving.

FFL’s management team is led by CEO Robert Milnes, an expert in his field with more than 29 years’ experience in medical devices, with 20 years focused on women’s health, and non-exec Chairman Steve Godber, ex Vickers Medical and Forum Bioscience.  

Foresight’s investment will primarily be used to invest in sales and marketing and will also fund a clinical trial to further prove the benefits of OvuSense as a tool to diagnose ovulatory issues.  

Rob Jones, Investment Manager, Foresight Group, commented: “We have been impressed by the rapid progress FFL has made since launch of the second-generation OvuSense product with strong sales traction in the US and UK. FFL is a well-run business that has developed an innovative, clinically supported and IP rich product in OvuSense. We are looking forward to working alongside Rob Milnes and the wider management team on the next stage of the Company’s growth.”

Rob Milnes, CEO, OvuSense, commented: “We are thrilled to be working with Foresight to grow our team and accelerate our sales and marketing activity. The investment marks an important stage in our development. With Foresight’s deep experience and support, FFL is well prepared and equipped for further growth.”

Advisers on this deal included: 

Legal advisers: Shakespeare Martineau 

Financial and tax due diligence: Smith Cooper 

Commercial / e-commerce diligence: 5X Thinking 

Management due diligence: Catalysis 

 
ENDS


For more information contact: Ben Thompson, Group Marketing Director Foresight bthompson@foresightgroup.eu  / 020 3667 8155



NOTES FOR EDITORS

Enclosed Picture caption: (From left to right) Dr Al Pirrie, Kate Davies, Laura Underwood, Rob Milnes (CEO), Shazia Shakir, Craig Citron, Caroline Price

About Foresight Group LLP (“Foresight”): 

Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.

Foresight has some £2.8 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs), Venture Capital Trusts (VCTs) and Inheritance Tax Solutions using Business Property Relief (BPR).

Foresight’s Private Equity team, comprising 24 investment professionals, pursues four discrete but complementary investment styles: Venture, Impact, Growth and Replacement Capital through its growing regional office network.  

Foresight was voted ‘Best VCT Investment Manager’ at the 2017 Growth Investor Awards, having been previously awarded ‘VCT House of the Year’ at the 2016 Unquote British Private Equity awards and was a shortlisted finalist for Venture and Growth Capital House of the Year at the 2018 Unquote British Private Equity Awards.  Foresight VCT was recently named Best Generalist VCT at the 2018 Investment Week Tax Efficiency Awards.

Foresight is headquartered in London with regional UK offices in Manchester, Nottingham, Milton Keynes, Leicester and Guernsey and international offices in Rome, Madrid, Seoul and Sydney. 
www.foresightgroup.eu

Growth Intelligence has raised £1.7m from 24Haymarket and MMC Ventures

London, UK 23rd January 2018

Growth Intelligence has raised £1.7m to help marketers and sales leaders drive faster growth with AI. Founded in 2013, Growth Intelligence helps high profile brands, including American Express, FedEx, Western Union, iZettle and Vitality Health, target their direct marketing activity to businesses that are most likely to buy. The AI Platform combines records of a client’s previous successful and unsuccessful marketing attempts with Growth Intelligence’s own proprietary data gathered from the digital footprint of every company in the economy, to train an AI for each client. The AI then serves up recommended future clients and advice on how to approach them. It allows sales and marketing teams know who will buy, who will be most valuable, when should they attempt to contact them and what to say when they do.

Growth Intelligence reached profitability early in 2018 and has tripled recurring revenue year on year. The company will use this funding to invest in its AI Platform – building new AIs to solve even more challenges faced by B2B marketers. The company will be investing heavily in data science, engineering and commercial talent.

With demand for Growth Intelligence’s sales and marketing AIs strong and growing, 2019 will see continued triple-digit growth. Growth Intelligence also plans to bring on board leading commercial and technical executives this year.

As part of the investment joining the Board are Andy Robertson, Martin Brown and Stuart Dawson as the chairman.

Thomas Gatten, CEO of Growth Intelligence, adds: “This is a great opportunity to invest on top of our triple-digit revenue growth. Trade is the human super-power, by applying AI to boost trade we are helping companies and economies grow faster. We’re hiring!”

Paul Tselentis, CEO of 24Haymarket, comments: “24Haymarket are thrilled to invest in Growth Intelligence. We have been tracking the company’s progress and its unique approach to improving the productivity of B2B sales and marketing processes for two years. There is an exciting market opportunity ahead of them, as businesses embrace functional AI offerings. We look forward to applying our network to support the team on the next phase of their growth journey.”

Alan Morgan, Chairman, MMC Ventures, adds: “Growth Intelligence is one of a small number of companies using AI to deliver true predictive marketing. We are happy to announce our continued support for the business and look forward to working with Tom, Prash and 24Haymarket in the next phase of their growth.”

Calculus Capital invests £2.5 m in Essentia Analytics

London, 23rd January 2019:

Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist Calculus Capitalhas invested £2.5m in fintech company Essentia Analytics, a leading provider of behavioural data analytics and consulting for professional investors. The investment by Calculus will be used to further develop Essentia’s services as it scales its client base of investment management institutions around the world.

The firm’s Essentia Insight service – which is used by clients including active fund managers, chief investment officers, asset allocators and wealth managers – provides a continuous data-driven feedback loop, similar to those used by athletes.

To date, Essentia has helped clients managing more than £30 billion in aggregate assets uncover an average of 94 basis points per annum of extra “behavioural alpha” through its proprietary process and technology.

The technology, which has a significant machine learning component, looks at all of an investor’s past trading decisions and rapidly identifies statistically-significant patterns of behaviour that have impacted performance in the past. Essentia then helps the investor realise that additional performance through a combination of regular face-to-face sessions with one of Essentia’s team of Insight Partners, all of whom are former portfolio managers, and automated, tailored ‘nudge’ notifications.

With offices in London and New York, Essentia was founded by CEO Clare Flynn Levy, who formerly ran pension funds for Deutsche Asset Management and founded a hedge fund business.

Flynn Levy said: “We are delighted to have Calculus on board. Their investment and expertise come at a hugely important time for us. Asset managers face increasing pressure to prove their alpha-generating skill and improve performance, which provides a significant opportunity for us to continue growing and developing our service. We are very much looking forward to working closely with Calculus to achieve our mission of helping human investors make measurably better decisions.”

Alexandra Lindsay, investment director at Calculus Capital, who has been appointed to Essentia’s Board of Directors, said: “The team at Essentia have a wealth of experience in the worlds of investment, technology and behavioural science and that knowledge is reflected in the quality of their service.

“Their combination of innovative behavioural analytics, automated ‘nudges’ and face-to-face consulting helps asset managers to make measurably better investment decisions.

“That’s an attractive proposition and we believe that Essentia is a company with very strong growth potential.”

Essentia Analytics was advised by PwC and White Horse Capital and was part of their first Series A Raise accelerator programme.

About Calculus Capital

Calculus Capital is a specialist in creating and managing private equity funds for individuals. A pioneer in the Enterprise Investment Scheme (EIS) space, Calculus launched the UK’s first HMRC-approved EIS fund in 1999 and has gone on to launch a further 19 EIS funds and five VCT share issues to date. Calculus seeks capital appreciation from dynamic, established, private UK companies across a multitude of sectors. Calculus prefers to invest £2m-£5m per company. As at 5th April 2018 it had £169m of funds under management of which 95% is in EIS.

Calculus Capital’s experienced investment team, diligent investment process and ‘hands on’ approach have resulted in an impressive track record of investment success. Calculus has earned multiple awards, most recently being named ‘Best EIS Investment Manager’ at the Growth Investor Awards 2018, an award it also won in 2016. In addition, the company won the EIS Association’s ‘Fund Manager of the Year’ Award in 2016, 2015, 2014, 2011 and 2009. Calculus also won the award for Best Generalist EIS at the Tax Efficiency Awards in 2017.

Calculus Capital is authorised and regulated by the Financial Conduct Authority.

www.calculuscapital.com

About Essentia Analytics

Essentia Analytics is a leading provider of behavioural data analytics and consulting for professional investors. Led by a team comprised of experts in investment management, technology and behavioural science, Essentia combines next-generation data analytics technology with human coaching to help active fund managers measurably improve investment decision-making. Founded in 2013, the firm has repeatedly been recognised as a leading FinTech provider by financial technology and investment industry publications and associations. Essentia is headquartered in London and has an office in New York City. For more information, visit www.essentia-analytics.com.

Notes to Editors

For more information contact Madeleine Ingram, Calculus’s Head of Marketing and Investor Relations, on 0207 518 8058 or madeleine@calculuscapital.com

Or, Malcolm Jones at Bulletin PR on 0115 907 8412 or malcolm.jones@bulletin.co.uk

For Essentia: Suzanne Hallberg, Zip Communications, 00-1-212-787-0169 or shallberg@zip-comm.com

Peppermint Technology Secures £7m Strategic Funding from Accel-KKR

Peppermint Technology, a leading UK legal cloud software provider, today announced that it has secured over £7 million of strategic investment from Accel-KKR, a leading Silicon Valley technology-focused investment firm and existing investors Scottish Equity Partners (SEP). 

The funding will support management’s plan to accelerate growth, further develop their Legal SaaS platform and scale resources to solidify the company’s market leading position in the legal IT sector.

Peppermint Technology provides the full suite of legal applications, built on Microsoft Dynamics and delivered as a Software as a Service (SaaS). The software combines the functionality of many disparate systems that legal organisations already use in their practice. The integrated modules ensure that firms run as efficiently as possible, with one source of information.

“This is a very exciting time for Peppermint. The backing of both Accel-KKR and SEP reinforces that our innovative approach to transforming legal services through technology fundamentally sets us apart in the industry.”

said Gary Young, CEO of Peppermint Technology. “When I joined the Company in early 2018, I recognised a real opportunity to make a difference in the legal sector. With this investment, we will continue to enhance our product offering and accelerate our go-to-market strategy, whilst focusing on the delivery of a great experience to our customers.”

“Since we first began conversations with Peppermint, we have been impressed with the sophistication and focus of the management team and their mission to leverage technology to make their customers lives easier and more efficient,” 

said Samantha Shows, Managing Director at Accel-KKR. “We are excited to back this customer-centric business as they continue building their momentum in the market.”

David Sneddon, Partner at SEP said

“As the only true full-service cloud based legal software provider in the UK, combined with Microsoft’s recent endorsement, the growth opportunity for Peppermint remains strong.  Our further investment, alongside that from Accel-KKR, will enable the company to scale in response to increasing market demand for its award winning, innovative legal software.”

About Accel-KKR

Accel-KKR is a technology-focused investment firm with over $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London.

www.accel-kkr.com

About Scottish Equity Partners

Scottish Equity Partners (SEP) is a top performing technology-focused venture capital firm with an exceptional track record in backing ambitious companies with high growth potential. SEP provides growth equity to UK and European companies across a range of technology sectors, with particular expertise in SaaS, consumer internet and tech enabled service businesses. Over the last 20 years, SEP has supported more than 160 technology companies, providing investment alongside expertise and access to a global network, enabling them to become international leaders. SEP builds supportive long-term relationships with management teams and has been an active shareholder in some of Europe’s most successful technology companies.

www.sep.co.uk

Leading UK real estate fintech disruptor REalyse secures £3m Series A venture capital investment lead by Anthemis Group

(UK, London): REalyse, a leading UK provider of real estate data and analytics for institutional property investors, lenders and developers, has closed its series A fund raise. The latest investment round was led by market leading venture capital firm, Anthemis Group, and XTX Ventures – the venture capital affiliate of XTX Markets, a leading global electronic liquidity provider.

Set up in 2016, REalyse’s vision is to transform the world’s most valuable asset class by making it faster, easier and more efficient for residential property professionals to determine where, when and what to build. The automated integration of hundreds of datasets covering the entire UK for over 20 years into the platform allows users to reach more accurate conclusions, up to 10x faster than they could before. The company has a significant portfolio of major corporate clients who use its institutional grade data systems; including Legal and General, Cushman and Wakefield, Quintain and Colliers International.

This is the third round of investment for REalyse in just two and a half years. The company’s prior round of investment came in 2017 from a combination of institutional and private investors, including Anthemis Group, Roundhill Capital and PiLabs. Commenting on the news, founder and CEO of REalyse, Gavriel Merkado, said: “We are applying cutting edge quantitative analytics technology to traditional real estate development and investment management, which is crying out for the same type of transformation seen previously in financial markets and other industries. We offer a powerful institutional product which brings clarity and transparency to investment in UK real estate and we want to thank our clients and investors for their continuing support in helping us continue on our mission.”

Iason Nikolakis, managing director at Anthemis Group, said: “Anthemis sees significant growth potential in REalyse. We are believers in the team’s strategy and are excited about the unique, data-driven product they are bringing to the real estate industry.”

-ENDS-

For more information, please contact Jodie Mulchrone (jodie@realyse.com)

About REalyse

REalyse’s vision is to transform the world’s most valuable asset class by making it faster, easier and more efficient for residential property professionals to determine where, when and what to build.

The average professional can spend up to 40 hours per project, or 13 days per month, reviewing data and making sense of the market. REalyse can cut this by roughly 90%.

REalyse’s data analytics platform provides accurate and up to date information on hundreds of data sets including rents, prices, demographics, property ownership information, planning applications and economics that are critical for mid-enterprise real estate development, investment and lending firms.

Press Coverage

Rouse announces investment in IP platform provider Inngot

International IP consultancy Rouse has announced a new alliance with Inngot, the innovative web-based platform specialising in the identification and valuation of intangible assets. The agreement sees Rouse making a strategic investment in Inngot through the acquisition of a minority stake. Both companies will continue to operate independently and will maintain separate brands.

The new relationship helps cement Rouse’ position as the preeminent provider of IP strategy advisory services globally, not least across Asia and the Middle East, where the firm’s specialist expertise is long-established. Inngot’s high profile work in emerging markets will ensure synergies between the two companies’ collaborative offer. 

Founded in 2007, Inngot specialises in identification and valuation of intellectual property and other intangible assets. It is unique in providing accessible and affordable online tools as well as expert services. The company helps clients maximise the commercial potential of their asset portfolios and leverage their IP to obtain growth finance.

Inngot’s identification and valuation systems bring a standardised framework to the field of IP management and valuation, and are helping to increase confidence in intangible assets across the finance industry. In difficult economic conditions, the ability to unlock latent value within innovation investments is a vital frontier of commercial growth for all rights holders, particularly within the SME community.

Rouse CEO Luke Minford commented:

“We’re delighted to launch this new collaboration with Inngot. Our alliance further strengthens Rouse’ ability to deliver commercial IP strategy underpinned by forensic understanding of asset value.

“Economic conditions are tightening and market competition is intensifying across every industry and rights holders need to focus unerringly on capturing and leveraging every ounce of value from investments made. Together, Rouse and Inngot are unrivalled in our ability to guide clients on that journey.”

Inngot co-founder and CEO Martin Brassell commented:

“We’ve been working increasingly closely with Rouse over the past year and have experienced the benefits of their professionalism and reach at first-hand. Both our organisations have pushed the boundaries in helping companies harness their intangible assets more effectively. Through this new alliance, we will enable many more businesses to understand and unlock the value tied up in their IP.”

Inngot differs from other IP service providers in focusing on the commercial and transactional value of all intangible assets. Its suite of online tools was devised to address the problems companies of all sizes, but particularly SMEs, face in identifying and communicating the value of their IP and intangibles in a consistent and reliable way. Inngot’s ‘Sollomon’ valuation tool has already helped firms around the world to find more than £550m in previously ‘hidden’ value.

Inngot is also known for its work with governments, international Non-Governmental Organisations (NGOs) and leading business groups in developing policy that drives appreciation of the true value and significance of intangible assets in the 21st century global economy. The Organisation for Economic Co-operation and Development (OECD) has just published the latest report by CEO Martin Brassell, Fostering the use of intangibles to strengthen SME access to finance, based on Inngot’s international research.