The funding round was co-led by L1D and Arete Capital to support the progression of the studio's debut title.
Portfolio
5
companies
By category
- AI/ML£99.7M
- Enterprise Software£3.0M
- EventTech£3.0M
- Blockchain£1.5M
By location
- Manchester£69.5M
- London£31.7M
- United Kingdom£3.0M
- North west-based£3.0M
Portfolio companies
Oxalis Games
Oxalis Games develops Moonfrost, a free-to-play life simulation farming role-playing game.
Peak
Peak offers a data analytics platform that helps companies utilise machine learning and artificial intelligence.

Sorted
Sorted develops artificial intelligence-enabled technology to improve recycling and material sorting in waste management.
Uncrowd
Experience analytics platform for measuring customer experience.
Vivify
Vivify operates a digital platform enabling schools to hire out their facilities to the community.
Team

Simon Lord
Partner
Simon is a joint managing partner at Arete. He previously served as a managing director at Altium Capital and a director at Clearwater Corporate Finance.
Jamie Newall
Ben Hatton
Partner
Ben brings investment experience from roles at Arete and Praetura, alongside operational background from Trinity Mirror Group and Rippleffect.
Andy Critchley
Briony Fagan
Briony brings investment experience from roles at Arete Capital Partners and transaction advisory experience from Grant Thornton. She currently serves as an Investment Manager at Palatine Private Equity.
Recent investments
Arete led the latest investment into the digital scale-up alongside high-profile backers Bill Currie and Sir Terry Leahy.
"The thesis that school facilities can be leveraged for the benefit of the community has been validated. Vivify has generated a significant amount of revenue for schools to date, and this new capital round will enable the business to work with a greater number of schools by providing the technology for school stakeholders with limited time to easily launch and manage a community lettings programme in-house."
The Series C round was led by Chrysalis Investments and Arete Capital Partners to support international expansion and product development.
"Our acquisition of Clicksit marks an important milestone in the company’s rapid expansion journey. Returns is, now more than ever, a crucial step in the ecommerce customer journey, and we are excited to power returns innovation as part of our full Delivery Experience Platform."
Arete led the Series A investment round with participation from Begin and MatrixCapital.
"The traditional customer analytics industry has historicallyfocussed on a two-dimensional understanding of the customer and their motivation, which isgreat, but there was a real gap in the market that needed to be filled in terms of what isgoing on elsewhere in the space."
The Manchester-based enterprise software company has raised £54.4m from SoftBank Vision Fund 2 and existing backers to scale its decision intelligence platform.
"We’re proud to be working with some of the biggest brands in the world. Modern businesses are complex and operate in an ever-changing world. It’s becoming impossible to run them without AI, which is enabling them to make consistently great decisions, faster and more accurately than ever before."

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