AAA January 2016 – Page 6

Adestra turns to BGF

In its first institutional investment since its founding in 2004, Adestra, a UK-based provider of innovative marketing technology software and services, has raised $7.2m from Business Growth Fund (BGF), an investment firm founded by five banks. James Austin, an investor at BGF will join Adestra’s board and said: “Their dedication to their clients’ success has… Continue reading Adestra turns to BGF

Omni-ID tags GE and YFY

Omni-ID, a US-based supplier of industrial radio-frequency identification (RFID) tags, has raised $21m from a consortium including industrial conglomerate General Electric and electronic-paper maker YFY Group’s corporate venturing units. Private equity firm Trillium International led the round, which also included Stonehenge Growth Equity Partners as well as GE Ventures and YFY. Ralph Taylor-Smith of GE… Continue reading Omni-ID tags GE and YFY

GM finds its Sidecar

General Motors has acquired Sidecar, a US-based ride sharing company backed by investors including internet company Google. Sidecar closed in December and its assets purchase by GM’s is reported as helping its move into the driverless quasi-taxi space after it invested $500m in Lyft. In September 2014, Sidecar raised $15m in series C funding from Google Ventures… Continue reading GM finds its Sidecar

Captricity climbs $35m deal mountain

Captricity, a US-based digitised data cloud platform, has raised $35m in its series C round led by White Mountains Insurance Group, a New York-listed insurer. Teresa Chia, senior vice-president at White Mountains Capital, will join Captricity’s board.  Existing investors, venture capital firms Social Capital and Accomplice, also participated in the round. The latest round of funding brings Captricity’s… Continue reading Captricity climbs $35m deal mountain