Weekly Deals November 1 – November 5 – A GrowthBusiness Roundup


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Safety first: Permutive has raised £ 56million from Series C to help publishers create safe programmatic advertising

Nauta Capital closes fifth fund at £ 141million

Nauta Capital, which has offices in London, Barcelona and Berlin, closed its fifth fund at € 190m (£ 141m). The B2B-focused VC has € 550 million in assets under management and has invested in over 60 B2B technology start-ups in the UK, Spain, Germany and the Nordic countries. Nauta plans to invest in around 35 companies through the new entertainment sound, including 16 investments in pre-booted Deep Tech companies in trance of £ 100,000 to £ 250,000 each. Investors participating in the fifth fund include British Patient Capital, ICO, the European Investment Fund, ICF and KfW Capital, based in Germany. Nauta has invested in 11 companies to date across all industries including fintech, insurtech and retailtech at the seed stage or Series A.

Permutive closes £ 56million Series C fundraiser

Permutative, which helps publishers use programmatic advertising in a targeted and audience-safe way, has raised $ 75million (£ 56million) of Series C from SoftBank Vision Fund 2. This brings the total Permutive raised to date to $ 105 million, with participation from existing investors EQT Ventures, Octopus Ventures and ACE & Co. Customers for Permutive’s privacy-focused advertising solution include News Corp, Hearst, BuzzFeed, Penske, The Guardian, Vox Media, Insider, Hubert Burda Media and Condé Nast International.

Scottish vertical farming technology raises £ 42million Series B

COFRA, the Swiss group of companies whose founders built retailer C&A, led a £ 42.2million Series B financing round for a Scottish vertical agricultural technology company Smart growth solutions. Other investors include the Scottish publishing group DC Thomson and Chicago-based VC Cleveland Avenue. IGS designs and builds award-winning vertical farms for farmers and producers in the food, pharmaceutical and fragrance markets around the world.

Nimbla goes nimble with £ 5.1million fundraising round

Fintech business insurance start-up Nimbla closed a £ 5.1million funding round led by US financial services specialist VC End of VC with the participation of Barclays Bank. Nimbla allows businesses to insure against non-payment of invoices. To date, Nimbla has processed over 67 million invoices worth £ 2.5 billion.

UK companies added £ 1.9bn debt in 2020 to their balance sheets, bringing the total amount outstanding to over £ 6.6bn in 2021, with half of UK companies having ‘toxic debt’ which might never be refunded.

Unlock unlocks £ 1.5million in seed funding

To open, whose software encourages team-building among remote workers through games and team-building activities, raised $ 2million (£ 1.5million) in a round of table. German VC Family led the round, along with other investors, including Kima Ventures, Antlers, GuideStar Ventures and Angel Investors. Unlock says that CaaS (culture-as-a-service) is a new $ 300 billion industry that is attracting a lot of investor interest as remote working and competition to retain top talent continues to grow. CaaS is a way for companies to build emotional attachment and loyalty among their teams, Unlock says.

Voxboard finds voice with £ 317,000 pre-seed funding

QAventures invested £ 317,000 of pre-seed funding in Voxboard, a SaaS platform that helps development teams, designers and engineers develop new digital products and services.

Further reading

Weekly Deals October 25-29 – A GrowthBusiness Roundup

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