Difficulties in UK IPOs were highlighted today, with food delivery service Ocado forced to slash its IPO valuation. The traditionally strong UK listing market has struggled in 2010, while European rivals have seen a significant upturn in their own IPO success.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company