Connect with us
European Gaming Congress 2024

Fintech PR

Peratech closes $31.5 million round on the scale-up confidence of its tactile sensing and haptics products

Published

on

peratech-closes-$31.5-million-round-on-the-scale-up-confidence-of-its-tactile-sensing-and-haptics-products
  • The investment accelerates plans to commercially launch Peratech’s personal computing and automotive product ranges
  • Peratech to receive $31.5M USD (£23.4M), led by Dark Matter Partners and anchored by IP-secured debt
  • $6.5M USD in equity from new and existing investors was oversubscribed

Catterick Garrison, England, Sept. 16, 2024 /PRNewswire/ — Peratech secures $31.5 million (£23.4M) in its 2nd major funding round on the confidence of commercial traction of its user interface improvements to PCs and laptops.

Peratech, a global innovation leader in force and haptic-based user interfaces, will use the proceeds to accelerate profitable revenue growth in proven products using its QTC® based force sensing, leading haptic feedback, and unique Hydra® user-interface software. Peratech’s proprietary technology combines analog-like force sensing, consistently clear haptic feedback, and intuitive interface-control software to make PC products and the gaming and creative software that runs on them fundamentally easier, more engaging, and more accessible to use. Hydra user interface software adds AI-based user interface intelligence for higher scores, better productivity, and more creativity that a wide range of users can enjoy—from novice to pro.

Said Peratech CEO Jon Stark, “Our force sensing and haptic feedback technologies not only make industry-leading haptic trackpads and force-enabled keyboards, but our control firmware and software does something that no other user interface product can: it makes the user interfaces intelligent. We use that intelligence to make PCs fundamentally easier, more engaging and more fun to use for every user type—from novices to professional content creators and gamers. This financial injection is a major endorsement to the success we’ve had in making better user experience platforms on Notebooks PCs and Peripherals and enables us to capitalize on our commercial wins and scale up for market share.”

Peratech has secured commercial launches with key leaders in the electronics industry around keyboards, trackpads, and other controllers in the PC and gaming space. Peratech also sells automotive interfaces that eliminate driver distractions and improve customer satisfaction through a safer, more engaging in-cabin environment.

“Peratech has built a unique platform technology, with extremely strong IP foundations. They have proven commercial traction globally in large addressable markets. We believe in the management team and are excited to support their ambitions to scale up. We are also pleased to pioneer the ability of IP to act as the principal collateral in financing the technology leaders of the future.” Scott Bell, Joint Managing Partner, Dark Matter Partners

About Peratech:

Based on patented Quantum Tunnelling Composite (QTC®) technology and Hydra® user interface as-a-service software, Peratech brings a new dimension to tactile user interfaces, enabling intuitive, consistent experiences in a wide variety of applications and markets. Over a million devices around the world now employ Peratech QTC® based technology. Peratech Holdco Ltd. is a privately held company headquartered in North Yorkshire, UK.

Website and Social Media:

Website: www.peratech.com
LinkedIn: /peratech

About Dark Matter Partners:

Dark Matter Partners provides structured capital solutions to European technology companies. Over 85% of company value today is intangible, principally IP, and we design innovative financing solutions to enable IP-rich companies to secure scale-up capital without significant equity dilution. Our partners include Aon for insurance broking services and a number of leading global insurers, funds, family offices and law firms.

Advertisement

Website and Social Media:

Website: www.darkmatterpartners.co.uk  
LinkedIn: /dark-matter-partners

Media Enquiries:
The Story Mob:
For more information, interview or assets requests please contact The Story Mob: [email protected]

Photo – https://mma.prnewswire.com/media/2506142/Peratech_Laptop_1.jpg
Photo – https://mma.prnewswire.com/media/2506141/Peratech_Laptop_2.jpg
Photo – https://mma.prnewswire.com/media/2506143/Peratech_Laptop_3.jpg

 

Peratech_Laptop_2

 

Peratech_Laptop_3

 

 

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/peratech-closes-31-5-million-round-on-the-scale-up-confidence-of-its-tactile-sensing-and-haptics-products-302248961.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Apt.Residential Selects Yardi’s Technology to Support BTR Projects

Published

on

apt.residential-selects-yardi’s-technology-to-support-btr-projects

Australian property developer and operator to utilise innovative cloud platform for construction and investment accounting

SYDNEY, Sept. 18, 2024 /PRNewswire/ — Apt.Residential, an owner, developer and operator of residential properties in Australia, has chosen Yardi’s single connected platform to support growth, connect teams and manage capex projects and build.

With Yardi®, Apt.Residential can manage its funds and simplify complex financial processes, mitigate risk and deliver real-time insights into projects. The platform provides more visibility from investor to asset and delivers enhanced and accurate reporting. The company can access live data for costing, expenses, and revenue on all projects, from ground-up development to single-unit improvements and will allow Apt.Residential to grow the volume of units within BTR once they have operational units.

“We wanted to find the best platform for BTR that would support growth, streamline management of capex projects and handle our complex accounting,” said Michael Hogg, co-founder & head of operations for Apt.Residential. “Yardi’s single integrated platform was the best solution as it ensures our team can connect on one system and not worry about integrations or using multiple platforms.”

“We’re excited to work with Apt.Residential and support its growth as the company expands its BTR projects,” said Neal Gemassmer, vice president and general manager for Yardi. “Our connected platform will help Apt.Residential enhance communication and set them up so they’re ready to operate once development has completed.”

See how Yardi’s end-to-end technology can help drive your digitalisation strategies.

About Apt.Residential
Apt.Residential is a leading vertically integrated owner, developer, and operator of residential properties in Australia backed by global institutional capital. The company develops residential communities where wellbeing and connectedness come first. Its human-centric approach allows Apt.Residential to shape places for people who crave comfort, community, and elevated living. For more information, please visit aptresidential.au.

Advertisement

About Yardi

Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.com.au.

Photo – https://mma.prnewswire.com/media/2508843/Yardi_AptResidential.jpg
Logo – https://mma.prnewswire.com/media/737275/Yardi_Logo.jpg

 

 

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/aptresidential-selects-yardis-technology-to-support-btr-projects-302252015.html

Continue Reading

Fintech PR

NewCo Capital Group Continues Global Expansion as 2024 Milestones Set The Stage for an Ambitious Q4

Published

on

newco-capital-group-continues-global-expansion-as-2024-milestones-set-the-stage-for-an-ambitious-q4

NEW YORK, Sept. 18, 2024 /PRNewswire/ — As Q4 fast approaches, NewCo Capital Group (“NewCo”) and Australia-based Bizcap are finalizing year-end initiatives to strategically position both companies for an ambitious expansion in 2025.

Both companies have celebrated a highly successful 2024, marked by remarkable and accelerated growth. This momentum has been driven by Bizcap’s unique Line of Credit product, NewCo’s introduction of their “Line of Capital” product and the launch of NewCo’s new mobile app. CEO Albert Gahfi emphasized the importance of closing 2024 on a high note to set the stage for future growth. “We’ve had an exceptional year so far, but our focus is on what comes next. We’re building the foundation for 2025 and beyond, ensuring that NewCo and Bizcap are positioned for continued global expansion.”

The plan for Q4 includes deepening their presence in existing markets while making calculated moves into new territories, including Singapore, Germany, and Luxembourg. “There are new opportunities in emerging markets that are currently underserved, where we believe we can make a significant impact. As a result, 2025 promises to be an exciting year for SMB financing globally.”

By reinforcing their operational and technological infrastructure, the companies are preparing to meet the demands of a rapidly evolving global financing landscape. “2024 has been a year of strong growth, but we’re not stopping here,” Gahfi said. “We are focused on delivering innovative financing solutions that not only meet the needs of today but also anticipate the demands of tomorrow. As we head into 2025, we’re ready to expand our reach and provide even more businesses with the capital they need.”

Part of a multinational collaboration, NewCo and Bizcap have successfully deployed over $1.5 billion to over 35,000 businesses worldwide. Gahfi commented, “We’re moving capital faster and more effectively than any other sector and our clients are benefiting from that growth.”

NewCo’s strength lies in its ability to adapt quickly, using a unique mix of proprietary technology, nuanced underwriting, and an experienced risk management team. The companies’ hybrid approach is challenging outdated financing models, making NewCo a preferred partner for SMBs looking for custom capital solutions that truly fit their needs.

“We’re not just growing; we’re leading,” Gahfi added. “As we expand globally, our goal remains the same—helping small businesses scale, create jobs, and thrive.”

With a clear strategy and a relentless focus on delivering value, NewCo Capital Group is primed to deepen its market influence and capitalize on emerging opportunities. As the company prepares for its next wave of market entries, Q4 will serve as a pivotal launchpad for an even more ambitious 2025, setting the stage for continued growth and global leadership.

For more information, visit www.NewCoCapitalGroup.com.

Contact:

Advertisement

NewCo Capital Group
Email: [email protected]
Website: www.NewCoCapitalGroup.com

Logo – https://mma.prnewswire.com/media/2489715/NewCo_Capital_Group_and_bizcap_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/newco-capital-group-continues-global-expansion-as-2024-milestones-set-the-stage-for-an-ambitious-q4-302252281.html

Continue Reading

Fintech PR

Zulu Ecosystems and Severn Trent Water secure Innovate UK funding to pioneer catchment-scale Nature-based Solutions

Published

on

zulu-ecosystems-and-severn-trent-water-secure-innovate-uk-funding-to-pioneer-catchment-scale-nature-based-solutions
  • Partnership aims to develop innovative funding model for nature-based solutions that enhance water resilience in the Idle and Torne catchment, a priority area for environmental improvement
  • Project will aggregate supply and demand for ecosystem services across the 1,200km2 catchment, benefiting both nature and local communities
  • Led by Zulu Ecosystems, the collaboration seeks to accelerate private investment in nature recovery while addressing critical water challenges

LONDON, Sept. 18, 2024 /PRNewswire/ — Zulu Ecosystems and Severn Trent Water have been awarded funding from Innovate UK, the UK’s innovation agency, for a £580,000 project to develop a groundbreaking catchment system operator model for unlocking private investment in nature. The project aims to enhance water resilience and deliver multiple benefits for both nature and local communities in the Idle and Torne River catchment.

The Idle and Torne catchment, identified as a priority catchment by the Environment Agency, faces significant challenges including drought risk, flood vulnerability, and water quality issues. Approximately 60% of water bodies in the catchment currently fail to meet good ecological status. However, the area also presents substantial opportunities for nature recovery, with potential to restore over 5,000 hectares of priority habitats and significantly improve water resources management.

This innovative partnership will leverage Zulu Ecosystems’ cutting-edge natural capital assessment capabilities and Severn Trent Water’s expertise in water management to create a scalable approach for funding and delivering nature-based solutions. The project will focus on interventions such as woodland creation, wetland restoration, and riparian woodland to address the catchment’s pressing environmental challenges. The project will engage local stakeholders, including farmers, landowners, and community groups, to ensure that interventions reflect local needs and knowledge.

Ed Asseily, CEO of Zulu Ecosystems, said:

“This funding from Innovate UK is a game-changer for how we approach local nature recovery and water resilience. By developing a catchment-scale model that aggregates both the supply of and demand for ecosystem services, we can accelerate the flow of private capital into nature-based solutions.”

Severn Trent Water will play a key role as the project’s System Operator, strategically coordinating plans and aligning stakeholder priorities to maximise outcomes for water services and the environment.

Richard Smith, Strategic Asset Planning Manager at Severn Trent Water, commented:

“We’re excited to partner with Zulu Ecosystems on this transformative project. By adopting a system operator approach, we can ensure that investments in nature-based solutions deliver the greatest possible benefits for our customers, local communities, and the environment.”

This project has been funded by Innovate UK as part of the ‘Integrating Finance and Biodiversity for a Nature Positive Future’ programme, a joint initiative between the Natural Environment Research Council (NERC) and Innovate UK. This £7 million programme aims to develop solutions that embed the values of biodiversity into financial decision-making.

By bridging the gap between nature recovery and water resilience, this project has the potential to create a replicable model for sustainable landscape management across the UK. Innovate UK’s support underscores the national significance of developing new approaches to environmental management that can deliver multiple benefits, including improved water security, enhanced biodiversity, climate resilience, and potential new income streams for landowners.

Over the next 9 months, the project team will work closely with local stakeholders to identify priority interventions and develop a portfolio of investable nature-based solutions. The project aims to demonstrate how multi-stakeholder nature-based projects can be developed, funded, and delivered at catchment-scale to address climate adaptation and reverse biodiversity loss. Findings will be published to help scale similar initiatives across the UK and beyond.

Advertisement

For more information, please contact:
[email protected]
[email protected]

View original content:https://www.prnewswire.co.uk/news-releases/zulu-ecosystems-and-severn-trent-water-secure-innovate-uk-funding-to-pioneer-catchment-scale-nature-based-solutions-302252188.html

Continue Reading

Trending