Karmijn Kapitaal has joined a €10m expansion round for fintech group Five Degrees, alongside existing investors.
Karmijn, which provided the majority of the round, will hold a minority stake in Five Degrees as a result of the deal. Previous investors re-upping in the round include 5Square and Velocity Capital. ...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap