The technology provider will take over TessComm, one of T-Venture’s portfolio companies, as part of the deal.
Softbank UK Ventures has invested in Venation a company which has come out of BT’s technology incubator Brightstar.
Dublin-based Aran Technologies will use the financing to globalise its sales division and develop its software intellectual property.
The fund, which had an original target of £50m-£75m, will make investments in UK-based start-up and early-stage technology businesses.
The latest addition to Royal Bank of Scotland's private equity business will invest in enterprise application and communication software, internet infrastructure and hardware infrastructure.
Bay Partners X has secured $475m with significant investments from European investors.
40 per cent of the capital raised comes from Nordic investors, another 30 per cent from the rest of Europe.
40 per cent of the capital raised comes from Nordic investors, another 30 per cent from the rest of Europe.
The latest Initiative Europe focus report says that private capital is increasingly being raised for investment in European technology companies despite turbulence in the world’s public markets.
The fund will focus on investments in Poland, Hungary and other Central European countries.