The funding round was led by Atalaya Capital Management and will help finance the acquisition of AIB's SME lending portfolio.
"While most digital and challenger banks are focused on specialist lending markets or secondary payment accounts, this transaction demonstrates how Allica is leading the charge in taking on the mainstream 'high street' banking market for established, growing SMEs. We are fast becoming the SME lender of choice with our powerful mix of proprietary technology and experienced local relationship managers."
LDC has taken a minority stake in the software firm to back its organic growth and product development strategy.
"Through the on-going development of our innovative software solutions, we have been helping organisations on their digital transformation journeys for the last 15 years. With demand increasing, LDC’s investment is crucial for us to continue to innovate and create market-leading solutions for our growing customer base."
YFM Equity Partners has backed the Scottish enterprise resource planning specialist from its Buyout Fund II.
"Cooper Software has demonstrated its ability to really understand its clients’ business operations and, partnering with IFS and NetSuite, to implement market-leading ERP software in order to create bespoke solutions. The addition of its own ProScope product has also shown the company’s potential to develop leading edge, modern software relevant to its target sectors, and we believe there is a real global opportunity to target new international markets with plans already underway to expand into Germany."
The London proptech startup has raised its first outside capital to expand its team and enhance its automated land discovery tools.
"Given the amount of information that must be located and then analysed, sourcing sites is often a huge challenge for property developers; it’s like searching for a needle in a haystack. Understanding this first-hand, we created SearchLand to take pain, complexity and time out of the site-sourcing process."
BGF has backed the Preston-based hybrid cloud provider in a deal that sees Harry Jones join the board.
"In the last 19 years we have achieved sustained business growth and critical acclaim, by diversifying from provision of enterprise infrastructure to a cloud and managed services specialist across both public and private sectors."
