UK-based mobility software startup Immense Simulations raises $4.6 million

Immense Simulations, a mobility startup headquartered in Milton Keynes, has landed $4.6 million in a funding round led by Amadeus Capital Partners and Japan’s Global Brain Corporation, with participation from 31 Ventures, part of the Mitsui Fudosan Group. Founded in 2016 as a spin-out from the UK government’s Catapult programme, Immense has built a simulation […]

The UK-based startup Snyk raises $22 million to automatically protect open-source software from vulnerabilities

London-headquartered startup Snyk has raised a $22 million Series B round of funding led by Accel, with participation from GV and existing investors Boldstart Ventures, Heavybit, and others. The startup claims to have reached a fivefold revenue growth over the past nine months with over 200 paying customers, including ASOS, Digital Ocean, and Skyscanner. The […]

London-based on-demand fashion software company Unmade scores $4 million

Unmade, a UK-based fashion software company, has raised $4 million in new funding. The investment was led by Felix Capital, with participation from Connect Ventures, LocalGlobe, Carmen Busquets, Backed VC and C4 Ventures. Unmade offers clothing that customers can customise through its software platform, and is manufactured on-demand. The startup is partnering with lifestyle and […]

Verdane Capital closes €295 million fund to back Nordic startups

Swedish investment firm Verdane Capital has closed its new fund at 3 billion SEK (€295 million) to back high-growth Nordic startups. The fund, Verdane Edda, will back startups with up to €50 million per company – usually for a majority stake – that has exhibited potential for significant growth in the software and consumer internet […]

Software sales platform Paddle raises $12.5 million in funding

The UK’s Paddle, a platform for software sales, has raised $12.5 million led by Notion Capital with participation from BGF Ventures, Kindred Capital, and Ukrainian software company MacPaw. Paddle is a platform for aggregating and managing the various stages of software sales such as trials and licenses, payments and taxes, and usage and crash analysis. […]

Norwegian software vendor Evatic acquires Sweden’s WinServ

Norwegian service management software vendor Evatic has acquired Swedish competitor WinServ Software for an undisclosed amount. “[We] believe that the two organisations will be much stronger together when it comes to developing the service management software solutions for the future,” said Pål M. Rødseth, CEO of Evatic. The combined company will have more than 800 […]