Offers of the week Might Four to Might 7 – a GrowthBusiness roundup
Green Screen: iSIZE has closed a £ 5m financing round for its environmental TV streaming technology
Octopus encases the Insurtech Series A valued at approximately £ 8 million
Octopus Ventures led a £ 8 million Series A round for Sprout.ai, the Insurtech that allows insurers to process claims within 24 hours. Other investors in the group were Amadeus Capital Partners, Playfair Capital and Techstars. Insurance giant Zurich is one of Sprout.ai’s customers.
Fixr Boogies with an investment of £ 6.5m
Fixr, the digital events and ticketing platform, has raised £ 6.5m from investors for its white label pre-sale ticketing service. Investors include the FSE Group, Armajaro Holdings, Smith & Williamson and the Carlisle Commerce Group. Rekom UK, the UK’s largest nightclub operator, has signed up for Fixr’s ticketing solution as the country prepares to reopen nightclubs.
ISIZE TV technology carries over a £ 5m financing round
Octopus Ventures has also completed a $ 6.3 million (£ 4.5 million) financing round for London-based iSIZE, whose technology takes into account the environmental impact of streaming. This brings the total funding raised by iSIZE to $ 8.2 million.
It is projected that video will reach 82 percent of all global internet traffic by 2022. According to research, it already contributes to more than 1 percent of global emissions.
ISIZE’s technology optimizes video streaming quality while reducing bit rate requirements so that less energy is required for streaming. This means streaming companies can be greener and cut costs without sacrificing video quality.
ContentCal Marketing Platform Shops £ 4.5m Series A.
ContentCal, the marketing technology platform for SMBs, has closed $ 6.2 million (£ 4.5 million) in Series A from Fuel Ventures and Guinness Asset Management. The money will be used to open a new US headquarters, develop its platform and hire 40 new employees. The marketing platform currently has over 2,000 customers worldwide and expects sales to triple in the next 12 months.
ITV AdVentures thinks £ 2 million is a good fit for SPOKE
ITV AdVentures Invest, ITV’s media-for-equity initiative, has completed its second stake in Respoke Limited, the company behind menswear brand SPOKE. ITV has subscribed for up to £ 2 million in convertible bonds in three tranches. Co-investors include the British Growth Fund, Forward Partners, Oxford Capital and 24Haymarket.
AeroCloud lands £ 1.2m seed round
AeroCloud Systems, the cloud-based airport management system, has completed a $ 1.7 million (£ 1.2 million) launch led by Playfair Capital. Airports already using AeroCloud Systems include the US destinations Tampa International and John Wayne Airport in California. Many airports are only 65 percent busy and may lose millions in revenue.
ICG double-clicks on the technical advice 6point6
The Intermediate Capital Group has acquired a minority stake in the technology consultancy 6point6 and valued the company at around USD 100 million (GBP 72 million). 6point6, which specializes in digital transformation and cybersecurity, lists clients such as the Home Office, the BBC and Clear Bank.
Lyre’s lifts glass to the third round of seeds
Lyre’s, the non-alcoholic spirits brand, has completed another launch round that is valued at £ 100million. Lyre is available in 43 countries and is expected to reach £ 35 million in sales by the end of this year. Investors featured in this launch round, the third since Lyre was founded, include Morgan Creek Capital Management and Bitburger Ventures. Existing investors include DLF Venture, VRD Ventures, SFO, Maropost Ventures and Döhler Ventures.
More offers of the week
Weekly Deals April 26-30 – A Roundup from GrowthBusiness
