Digital Medical Tech Raises £1.2m funding

Digital Medical Tech (DMT), a solution provider for hospital management and asset tracking, recently raised $1.5 million in seed capital.  St. Louis, Mo.-based DMTI Capital Partners provided the funding which will be used to launch a nationwide engagement program for targeting healthcare providers and potential partnerships. Digital Medical Tech, which enables health systems to proactively […]

British Columbia Discovery Fund Announces Distribution

VANCOUVER, British Columbia, Aug. 19, 2019 (GLOBE NEWSWIRE) — British Columbia Discovery Fund (VCC) Inc. (the “Fund”), a venture capital investment fund managed by Discovery Capital Management Corp. (“DCMC” or the “Manager”), is pleased to report that the holdback receivable with respect to the sale of Rx Networks Inc. (“Rx Networks”) to Beijing BDStar Navigation Co., Ltd. […]

Octopus Ventures-backed Systum raises $10.7m

Systum, a provider of a digital operating platforms for small to medium-sized businesses has announced it has raised $10.7 million in its latest round of funding led by London-based venture capital firm Octopus Ventures. Systum combines business operations such as inventory and order management, marketing, CRM and digital commerce into a single platform that delivers […]

Venture capital funding hits £4.3bn record high spurred by tech investment

Venture capital funding in the UK lifted to a record high during the first half of this year, bolstered by a hunger for tech investments. VC funding rose to £4.3bn during the first half of 2019, a 45pc year on year increase, according to Workthere, the serviced-office arm of Savills estate agent.The average deal size […]

Venture capital doesn’t work, says Business Growth Fund boss

Stephen Welton, who runs Business Growth Fund, the UK’s most active investment vehicle, has questioned the business model of Britain’s venture capital firm. The total amount of VC money invested in Britain rose by 37pc to £4.4bn over the first six months of this year, according to KPMG.However, venture capitalists are shying away from investing […]

Google-backed AI-focused proptech startup secures £1.5m seed funding

A London-based property management software startup which has previously received investment from Google has secured £1.5m in seed funding. AI-focused proptech askporter has closed the round which saw participation from strategic investors and Silicon Valley VCs including Plug and Play, Venture University, Pi Labs, WISAG FM and Henley Investments. Google-backed AI-focused proptech startup secures £1.5m […]