Maven Capital Partners backed McKenzie Intelligence Services in a strategic funding round to support international expansion and product development.
"The geospatial analytics and catastrophe insurance markets are forecast to continue double digit growth per annum over the next 5 to 10 years, driven in large part by the severe global weather events that are happening more often. Consequently, insurers are having to take more steps to defend against a rising tide of natural catastrophe losses and are turning to technology solutions to anticipate the level of claims more accurately to significantly reduce claim handling costs."
The round was led by Buckley Ventures and will fund manufacturing and distribution scale-up.
"The most tedious process in biotech is growing human cells by hand. Every scientist needs to spend hours a day growing cells and coming in on weekends to look after them,"
The London-based software provider secured backing from MMC Ventures, Triple Point Ventures, Fred Olsen, and Catalyst Capital.
"We’ve diligently expanded our product offering while maintaining a close connection with our customers, delivering exciting and market-leading features. This investment from MMC Ventures is a testament to their faith in our products, our team, and the limitless potential Modo Energy’s solutions offer, shaping the future of sustainable energy for the better."
The Belfast-based software supply chain platform has raised £8.8m in a follow-on round led by MMC Ventures.
"Despite economic headwinds and a slow VC funding market, this announcement reaffirms the confidence our investors have in Cloudsmith. We’ve been successfully disrupting and reinventing the software supply chain market."
IW Capital backs Location Live with follow-on funding to accelerate international expansion.
"We're very pleased to be Location Live's choice of investor for the second time as the company seeks to grow in international markets. As engaged investors, we have supported Location Live throughout their journey since we initially invested with them in 2022. It speaks volumes about our partnership and the confidence our investors have in the business that we're able to provide follow-on funding for this exciting, innovative, and growing company."
