YFM Equity Partners backs Hertfordshire-based communications platform Sipsynergy with a £2.8m investment.
"The shift to the cloud is accelerating, providing smaller businesses with an opportunity to access technologies and services previously only available to large corporates. Sipsynergy has created a great cloud-hosted solution for SMEs and evolved a partnership with Cisco which provides a clear route to market."
The funding round was led by Anglia Capital Group alongside the New Anglia Local Enterprise Partnership and the Low Carbon Innovation Fund.
"Anglia Capital Group is delighted to have had the opportunity to work with Health Enterprise East on the first spinout from the Norfolk and Norwich Hospital. Our members led the investment round because of the exciting potential for this technology in cancer surgery and were strongly supported by matching investment from our partner, the New Anglia Local Enterprise Partnership."
The follow-on investment will fund the commercial launch of new pancreatic and lung stem cell products.
"In a short space of time, DefiniGEN has undergone rapid development, securing growing sales with global pharma companies. We are delighted to have raised the funds that will allow us to deliver new market-leading products to our customers and assist them in developing therapies for the global healthcare challenges we face today such as diabetes and liver disease."
The fashion tech startup has raised £4m from Beringea and Balderton Capital to expand its team and user base.
"It’s been a really exciting journey discovering how to fuse human stylists with powerful algorithms to help guys dress well without having to go shopping."
Imperial Innovations and TTV Capital led the £6.2m round to support growth in the UK and US markets.
"This new funding round reflects the great progress Featurespace has made over the last year, including announcing major new customer wins with companies based in the USA. The most recent of these is a new partnership with TSYS, one of the world’s largest payment solutions and services companies, in which Featurespace’s adaptive behavioural analytics platform will be used to reduce fraud for TSYS’ clients."