London VC firm raises record $700m to fuel European tech September 25, 2023 London investment firm Dawn Capital has raised $700m (£572m) as it looks to nurture the tech talent and innovation blossoming across the continent. The venture capital (VC) firm’s $620m flagship fund, Dawn V, aims to support software startups with initial investments ranging from $10-$40m at Series A and B stages. It is the largest ever [...]
Tax-saving venture capital trusts buck start-up investment slump August 23, 2023 Venture Capital Trusts which allow savers to make tax-savvy early-stage investments have bucked a funding slowdown this year and boosted the amount of cash they are pushing into start-ups.
MPs slam lack of diversity in venture capital market as just two per cent of funding goes to all-female founded businesses July 24, 2023 MPs have slammed the lack of diversity in the venture capital industry, demanding that the government take greater action to improve representation of women and ethnic minorities in the sector. In a new report, the influential Treasury select committee highlighted that just two per cent of venture capital funding in 2021 went to businesses with [...]
Peel Hunt records £1.5m loss as revenue down almost £50m amid ‘extraordinary’ market turmoil June 16, 2023 Investment banking firm Peel Hunt recorded a loss of £1.5m after warnings the UK is experiencing “extraordinary” market turmoil. The company reported revenue of £82.3m, down £48.7m on last year’s £131m, it made a loss before tax of £1.5m – a drop from the previous 12 months’ pre tax profits of £41.2m. CEO Steven Fine [...]
UK’s newest bank Griffin secures £11m in funding round as it plots expansion June 7, 2023 Griffin, the UK’s newest bank, has gathered £11m in a fundraising round just a few months after it secured its banking licence. The funding round was led by venture capital firm Mass Mutual Ventures, with existing investors Seedcamp and EQT Ventures participating in the fundraise. Griffin said the funds will go towards leaving the ‘mobilisation’ [...]
Sequoia Capital to carve off China and India units as it faces ‘increasingly complex’ pressures June 6, 2023 Venture capital behemoth Sequoia Capital has revealed plans to carve up its business into three distinct firms due to the “increasingly complex” pressures on its operations across the US, China and India.
As Russia’s war in Ukraine rages on, venture investors are looking to cash in on ‘defence tech’ April 7, 2023 Russia's invasion of Ukraine brought a sharp close to a decade-long venture capital funding frenzy last year, as soaring inflation, rapid rate hikes and tumbling valuations caused investors to hurriedly tuck away their cheque books.
Veganuary: New £240m fake meat fund looks to disrupt and decarbonise the food industry January 23, 2023 Milltrust Ventures and Earth First Food Ventures are set to launch a new $300m (£242m) Smart Protein Fund tomorrow to back alternative proteins and decarbonise the food industry, City A.M. can reveal. Over $600m was invested in total in the cultivated meat sector last year, and the alternative protein market, which includes imitation meats [...]
Exclusive: CybSafe’s CEO on tackling VC pattern matching as a black business founder January 14, 2023 When CybSafe CEO Oz Alashe MBE raised his Series B funding round last year, the ambitious London entrepreneur was one of only ten black British founders to have ever done so, or so he was told. While Alashe has not been able to validate that claim, it gives an insight into the stark reality of [...]
London beats Euro rivals to retain tech investment crown (yes, despite Brexit) January 12, 2023 London sailed past European rivals to retain its crown as the top destination for tech investment last year as nearly $20bn was pumped into the capital’s start-ups, new data has revealed.