Lyceum Capital invests in TotalMobile while MMC Ventures exits

Lyceum Capital has made an undisclosed investment in TotalMobile. As a result of the transaction, TotalMobile’s previous backer MMC Ventures has exited. In conjunction with the funding, Martin Wygas and Geoff Neville of Lyceum Capital, have been added to TotalMobile’s board. Belfast-based TotalMobile is a creator of enterprise mobility software.


Growth Intelligence snaps up $3.4 mln

London-based predictive marketing company Growth Intelligence has secured $3.4 million in funding. The investors included 83 North (formerly Greylock Israel), MMC Ventures and Paul Forster, founder of In addition to the funding, Forster and Alan Morgan from MMC have been appointed to Gi’s board.

Invenias scores $2 mln

Invenias, a UK-based provider of software solutions for the executive search and recruitment industry, has secured $2 million in funding. MMC Ventures led the round.


Dawn Capital and MMC Ventures back Obillex

UK-based Obillex, an early payments finance tech firm, has received 3 million pounds in funding. Dawn Capital led the round with participation from MMC Ventures. In addition to the funding, Josh Bell, a partner at Dawn Capital, has been added to Obillex’s board of directors.


MMC Ventures and Piton Capital back MBA & Company

MBA & Company has received 800,000 pounds in funding from previous backers MMC Ventures and Piton Capital. Based in the UK, MBA & Company is a marketplace that provides high-quality strategy consultants for short-term projects.

Brightpearl raises $10 mln

Brightpearl has raised $10 million in a funding round led by new investor MMC Ventures, with participation from Quayle Munro and existing investors Eden Ventures and Notion Capital. Brightpearl is a cloud-based multi-channel retail management system.

MMC Ventures backs UK mobile firm Somo

Somo said Wednesday that it has closed $5.5 million in funding. The investors were MMC Ventures and various private backers. GP Bullhound advised Somo on the transaction. Headquartered in London, Somo is a global provider of mobile solutions.

First read Feb 24

peHUB First Read

Catch up on the latest midweek happenings including a new IR head for Vector Capital, Florida SBA hiring CalPERS PE officer and some research on the secrets of venture fundraising success.

UK’s PayasUgym secures funds led by Albion and MMC Ventures

UK-based fitness network PayasUgym has secured a funding round which has been led by Albion Ventures and MMC Ventures. This investment comes two weeks after PayasUgym announced the recruitment of chief marketing officer, Graeme Horne, who has joined the management team.

Invenias inks follow-on funding

Invenias has completed a follow-on funding round led MMC Ventures, bringing the total raised in this round to $2 million. Invenias is a UK-based provider of software solutions to the executive search and strategic recruitment sector.


Video on demand platform MUBI closes Series D

MUBI, a global video on demand platform has secured a $7.5 million Series D funding round. This round of funding comes from a range of investors, including Floreat, MMC Ventures and White Star Capital, alongside existing angel investors.

MMC opens unique fund aimed at investors under-35

MMC Ventures has reopened the MMC Growth Generation Fund. The fund is the first of its kind and is structured to provide a younger generation of investors with access to high growth companies, EIS tax benefits and the opportunity to build long term capital gains.

Gousto secures MMC backing

Recipe box delivery business Gousto has closed a $2 million investment led by MMC Ventures and backed by existing investors including the Angel CoFund. The funding will be used to further strengthen the product and to fast track the business.

MMC Ventures backs Wedo

Online furniture retailer Wedo has completed a round of funding, led by MMC Ventures. This follows the company’s initial seed funding in 2012, when Passion Capital and a selection of private equity investors backed the company. All previous key investors have reinvested in this latest round.

Appear Here secures funding

Appear Here, an online marketplace for short-term retail space, has closed a funding round. Howzat Partners (backers of Trivago), MMC Ventures (backers of AlexandAlexa) and Forward Investment Partners (existing investors and backers of uSwitch and Hailo) took part. Other participants in this round include Meyer Bergman, Playfair Capital and Ballpark Ventures, as well as Marc Hazan (of Spotify) and Miroma Ventures (investors in Pinterest).

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