The oversubscribed EIS round will fund team expansion and international growth.
"It has been a pleasure to work with Gayle and her supportive team, and the success of our collaboration has been well illustrated with an oversubscribed investment round. Raising investment in today’s markets, for Companies at a similar stage in their development and investment cycle, is extremely difficult. Having the backing of Wealth Club and our existing investors provides the Company with a great deal of confidence, as we head into our growth stage. The success of this round will provide working capital for the Company to invest in revenue growth across our sectors, in addition to investing in our technology and platforms to scale and service our existing clients and an already healthy new business pipeline."
The Series C financing was led by KKR with participation from Hannover Digital Investments.
"The global insurance industry is a key strategic focus for KKR, and we see a real market opportunity for Vitesse to disrupt and add significant value to the industry. We are excited to partner with this proven management team to support Vitesse’s ambition of providing global insurers with unparalleled control, transparency, and efficiency for the holding and management of funds."
Parkwalk Advisors spearheaded the round to help the medical technology company prepare for human trials.
"With the support of our investors, we are on the cusp of revolutionising brain aneurysm treatment. Our team is dedicated to working with regulators, medical professionals, and industry experts to bring this product to market and address a condition impacting countless individuals worldwide."
The investment comprises an initial commitment from Hera Holdings alongside continued backing from the Teesside Pension Fund.
"This is fantastic news for GB Bank and everyone who has supported our purpose and ambitions since day one and is testament to the hard work of every single member of the team."
Populous makes a strategic investment in event planning software provider OnePlan.
"This investment opens an exciting new chapter for OnePlan, building on the fast growth we’ve experienced to date. The unrivalled knowledge and specialisms of the team at Populous will deepen the positive impact our software provides. We’re excited by the new opportunities this partnership opens, and the many benefits it creates for events and venues across the world."
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