The UK government is to invest £400m in venture capital funds via the British Business Bank, it was revealed in the chancellor of the exchequer’s Autumn Statement.
Deal follows the acquisition of elderly care homes operator Gruppo Zaffiro in November 2016
Deal is the 12th transaction in 2017 for the UK-based growth capital investor
GP invested from its Enterprise fund, which typically provides equity tickets of £10-20m
Zenly has raised an estimated $35.12m (€32m) in total to date through three expansion rounds