VCT News
Simplestream Secures Funding From Beringea to Rollout TVPlayer
London, 13th October 2014 - Simplestream, a leading provider of 'Over the Top' (OTT) live streaming services for broadcast TV channels, is pleased to announce it has secured substantial funding from Beringea, the Manager of the ProVen VCTs. The investment will accelerate the expansion of TVPlayer, Simplestream's B2C live TV streaming service, and facilitate the addition of more channel packs and multi-channel catch-up functionality.
Beringea Invests £5 million in Electronic Specialist Maplin
London, 22nd September 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested £5 million as part of a syndicate of investors led by Rutland Partners in Maplin Electronics, the UK's largest specialist retailer of consumer electronics.
Celoxica secures £1.5 million from Beringea Growth Finance
London, 15th September 2014 - Celoxica, a leading provider of ultra low-latency market data, order entry and pre-trade risk solutions, has secured £1.5 million from Beringea Growth Finance, a provider of asset-based and working capital finance. Beringea Growth Finance is part of Beringea LLP, the manager of the ProVen VCTs.
Piton Capital and Beringea invest $10 million into online luxury watch retailer Watchfinder
London, 9th September 2014 - Piton Capital, the specialist marketplace investor, and Beringea, the growth capital investor managing the ProVen Venture Capital Trusts, have invested $10 million (£6.18 million) into Watchfinder, the UK's leading pre-owned watch resale marketplace. The investment, which was funded 50/50 by Piton and the ProVen VCTs, will be used to broaden the company's inventory and offering of luxury timepieces, roll out a multi-media marketing campaign and further fund the watch servicing centre, as well as provide limited liquidity for existing shareholders.
Beringea Leads Incontext Solutions' $12 Million Series D Round
London, 02 September 2014 - Beringea LLP, the growth capital investor that manages the ProVen Venture Capital Trusts, has announced a $4 million (£2.4 million) commitment into InContext Solutions, Inc. as part of a $12m round. In Context is a Web-based company providing three dimensional ("3D") virtual store research, simulations, and software to manufacturers and retailers, including blue-chip customers such as Coca-Cola, Procter & Gamble, and Dannon
Beringea Exits Life Sciences Company Altacor
London, 5th August 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has announced that its portfolio company Altacor has been acquired by Esperante, a private, Netherlands-based life science investment company, for an undisclosed sum. Beringea first invested in Altacor in 2007.
Beringea's portfolio company Abzena raises £20 million through AIM listing
London, 22nd July 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has announced that Abzena Plc, previously known as Polytherics, has raised £20 million, by way of a placing of 25 million new ordinary shares at 80 pence per share (the "Placing Price") in conjunction with the admission of its ordinary shares to trading on the AIM market of the London Stock Exchange. 3.4 million existing ordinary shares are also being sold at the Placing Price. Beringea first invested in Polytherics through ProVen Growth and Income (PGI) and ProVen Health (now merged with PGI) in September 2011.
Beringea invests £3 million in Chargemaster
London, 14th July 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested £3 million in Chargemaster, the UK's leading provider of electric vehicle (EV) charging infrastructure. The investment will be used to strengthen Chargemaster's position in the UK market and fund further expansion into the European EV charging market.
Perfect Channel Secures Series a Funding Of £2 Million From Beringea
London, 10th July 2014 - Perfect Channel, a leading cloud-based enterprise auction platform, has secured growth funding of £2 million from Beringea, which manages the ProVen Venture Capital Trusts. The investment will be used to build the senior management team, to launch in the U.S. and to expand the development team.
Beringea invests in online optical retailer MyOptique
MyOptique Group serves its millionth customers and raises £16 million (€20m) to complete funding round
London, 23rd June 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested in MyOptique Group, Europe's leading online optical retailer. In addition to announcing the completion of its £35 (€43m) million Series C funding round, MyOptique also posted its year end results, showing EBITDA profitability for the second year running.
Big Data Partnership Secures Series A Funding From Beringea
London, 5th June 2014 - Big Data Partnership, the leading big data services company today announced the completion of a £1.25 million round of Series A investment from Beringea, an international growth capital firm that manages the ProVen Venture Capital Trusts.
Peerius secures £1.2 million from Beringea Growth Finance to accelerate European expansion and support research and development
London, 15th May 2014 - Peerius, the UK’s and Europe's largest provider of personalisation software, has received growth finance of £1.2million from Beringea Growth Finance, part of Beringea, the manager of the ProVen VCTs.
ResponseTap Secures Growth Funding From Beringea
London, 13th May 2014 - ResponseTap, the market leader in call tracking and analytics, has secured £4m of Series B funding. This funding includes £2.5m from Beringea, which manages the ProVen Venture Capital Trusts, and £1.5m from Eden Ventures. ResponseTap will use this investment to accelerate expansion in the U.S. and to continue support for its UK development team.
Coal Grill and Bar set to expand with backing from Beringea
London, 16th April 2014: Coal Grill and Bar (t/a Charterhouse Leisure Ltd) has secured additional growth funding from Beringea, which manages the Proven Venture Capital Trusts, and venture capital investors Octopus Investments, along with bank finance, to commence its next phase of expansion.
ProVen VCTs exit Rolling Stones distributor Eagle Rock Entertainment
London, 8th April 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts (VCTs), announces that portfolio company Eagle Rock Entertainment has been sold to Universal Music Group for an undisclosed sum. Beringea first invested in Eagle Rock Entertainment through the ProVen VCTs in May 2007.
Beringea invests £3 million in Disposable Cubicle Curtains Limited, trading as All In One Medical
Market leading manufacturer and distributor of disposable hospital curtains
London, 25 February 2014: Beringea, the growth capital investor that manages the Proven Venture Capital Trusts, announces that it has invested £3 million in Disposable Cubicle Curtains Limited (DCCL), trading as All in One Medical.