A consortium of three Swiss VC firms have alongside private investors, led a CHF 5.8m Series A round in PicoDrill SA. The investors are Initiative Capital Romandie, VI Partners and Jade Invest.
Belgian GP plans to back the company, according to a document by the Dutch competition authority
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Vocalcom Group, an Apax France portfolio company
Marston is a judicial services group, which recovers funds on behalf of taxpayers and businesses