Reports suggest that the two groups have teamed up to bid against Nomura, Hugh Osmond and Luke Johnson.
This second round will be used to develop the life science company’s products.
The B2B support services supplier will use the financing to develop its product range and to recruit additional staff.
A breakthrough securitisation was launched yesterday by British baker Rank Hovis McDougall. The deal was a European first as it was backed by the whole business and was dependent on the potential of the company's brands.
The sale has increased Electra’s Net Asset Value per ordinary share by 13 pence since the most recent valuation of £15.5m on 30 September 2000.
The investment will be used to develop Possio’s wireless products and applications.
The fund has been set up to help companies looking for alternative sources of debt financing.
Medicover, known previously as Oresa Ventures, has confirmed its plan to focus on healthcare and exit other investments.
The two companies have acquired Deutsche Telekom’s remaining broadband cable assets in Germany.
It is believed that the new fund could raise as much as $4bn.