13 Oct 2014: London, 13th October 2014 - Simplestream, a leading provider of 'Over the Top' (OTT) live streaming services for broadcast TV channels, is pleased to announce it has secured substantial funding from Beringea, the Manager of the ProVen VCTs. The investment will accelerate the expansion of TVPlayer, Simplestream's B2C live TV streaming service, and facilitate the addition of more channel packs and multi-channel catch-up functionality.
22 Sep 2014: London, 22nd September 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested £5 million as part of a syndicate of investors led by Rutland Partners in Maplin Electronics, the UK's largest specialist retailer of consumer electronics. With more than 200 stores in the UK and Ireland, Maplin sells a broad range of products, including home electrical, audio equipment, DIY tools, computers, security equipment, batteries, components, specialised electronics for hobbyists and makers, and GPS devices, among other product categories. The company stocks top consumer electronics brands, including its own Maplin-branded products which have been a trusted household name since the 1970s.
09 Sep 2014: London, 9th September 2014 - Piton Capital, the specialist marketplace investor, and Beringea, the growth capital investor managing the ProVen Venture Capital Trusts, have invested $10 million (£6.18 million) into Watchfinder, the UK's leading pre-owned watch resale marketplace. The investment, which was funded 50/50 by Piton and the ProVen VCTs, will be used to broaden the company's inventory and offering of luxury timepieces, roll out a multi-media marketing campaign and further fund the watch servicing centre, as well as provide limited liquidity for existing shareholders.
02 Sep 2014: London, 02 September 2014 - Beringea LLP, the growth capital investor that manages the ProVen Venture Capital Trusts, has announced a $4 million (£2.4 million) commitment into InContext Solutions, Inc. as part of a $12m round. In Context is a Web-based company providing three dimensional ("3D") virtual store research, simulations, and software to manufacturers and retailers, including blue-chip customers such as Coca-Cola, Procter & Gamble, and Dannon
05 Aug 2014: London, 5th August 2014 - Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has announced that its portfolio company Altacor has been acquired by Esperante, a private, Netherlands-based life science investment company, for an undisclosed sum. Beringea first invested in Altacor in 2007.
London, 22 Jul 2014: Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has announced that Abzena Plc, previously known as Polytherics, has raised £20 million, by way of a placing of 25 million new ordinary shares at 80 pence per share (the "Placing Price") in conjunction with the admission of its ordinary shares to trading on the AIM market of the London Stock Exchange. 3.4 million existing ordinary shares are also being sold at the Placing Price. Beringea first invested in Polytherics through ProVen Growth and Income (PGI) and ProVen Health (now merged with PGI) in September 2011.
London, 14 Jul 2014: Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested £3 million in Chargemaster, the UK's leading provider of electric vehicle (EV) charging infrastructure. The investment will be used to strengthen Chargemaster's position in the UK market and fund further expansion into the European EV charging market.
London, 10 Jul 2014: Perfect Channel, a leading cloud-based enterprise auction platform, has secured growth funding of £2 million from Beringea, which manages the ProVen Venture Capital Trusts. The investment will be used to build the senior management team, to launch in the U.S. and to expand the development team.
London, 23 Jun 2014: Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has invested in MyOptique Group, Europe's leading online optical retailer. In addition to announcing the completion of its £35 (€43m) million Series C funding round, MyOptique also posted its year end results, showing EBITDA profitability for the second year running.
London, 05 Jun 2014: Big Data Partnership, the leading big data services company today announced the completion of a £1.25 million round of Series A investment from Beringea, an international growth capital firm that manages the ProVen Venture Capital Trusts.
London, 15 May 2014: Peerius, the UK’s and Europe's largest provider of personalisation software, has received growth finance of £1.2million from Beringea Growth Finance, part of Beringea, the manager of the ProVen VCTs.
London, 13 May 2014: ResponseTap, the market leader in call tracking and analytics, has secured £4m of Series B funding. This funding includes £2.5m from Beringea, which manages the ProVen Venture Capital Trusts, and £1.5m from Eden Ventures. ResponseTap will use this investment to accelerate expansion in the U.S. and to continue support for its UK development team.
London, 16 Apr 2014: Coal Grill and Bar (t/a Charterhouse Leisure Ltd) has secured additional growth funding from Beringea, which manages the Proven Venture Capital Trusts, and venture capital investors Octopus Investments, along with bank finance, to commence its next phase of expansion.
London, 08 Apr 2014: Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts (VCTs), announces that portfolio company Eagle Rock Entertainment has been sold to Universal Music Group for an undisclosed sum. Beringea first invested in Eagle Rock Entertainment through the ProVen VCTs in May 2007.
London, 25 Feb 2014: Beringea, the growth capital investor that manages the Proven Venture Capital Trusts, announces that it has invested £3 million in Disposable Cubicle Curtains Limited (DCCL), trading as All in One Medical.