Close Venture Management (CVM) has invested £750,000 in Red-M Group, a leading provider of services and products for managed wireless infrastructures. The investment was part of a £5.4m funding round, led by Pi Capital and including in addition to Close, Apax Partners, Interregnum and Octopus Asset Management. The investment was made across a number of the CVM funds.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn