Payments firm SumUp hits €8bn valuation after fresh funding round June 23, 2022 London payments firm SumUp revealed it had bagged a $590m funding injection today as it looks to fuel a growth push and rollout new products this year.
Lakestar: Pension funds are key to plugging UK’s £1.5 trillion funding gap June 6, 2022 New research has revealed that the UK needs to invest £1.5 trillion into high growth companies in the next twenty years to plug the financing gap and triple the UK’s GDP.
Venture capitalist Julie Meyer fails to overturn six-month suspended sentence May 28, 2022 Venture capitalist Julie Meyer has failed in her bid to overturn the six-month suspended sentence handed down to her in February, following her long-standing refusal to pay almost £200,000 in legal fees to London law firm Farrer & Co. At a hearing on Thursday, a Court of Appeals judge rejected the businesswoman’s appeal, as he [...]
Exclusive: Tech exits surge as unicorns are ‘out’ and recurring revenue is the new valuation for venture capital May 19, 2022 European technology exit values and counts have skyrocketed in the past year, reaching $133.4 billion in value, a 400 per cent year-over-year increase, across 1,247 exits. In 2021, there were approximately 186 public listings, including names such as UiPath, Wise, GitLab, OVH, and SUSE. In addition, M&As reached an all-time high with 687 European companies being acquired. The deep pool of [...]
Passion Capital fires founder following sexual assault charge April 2, 2022 Venture capital Passion Capital has fired its founder tech tycoon Stefan Glaenzer following a sexual assault charge. Funded by the British Business Bank, Passion Capital – which is Monzo’s majority shareholder – severed all ties with the 60-year-old adding it was seeking to stop him from making future profits, the Telegraph reported. “We are in [...]
City exclusive: London court issues arrest warrant for high-profile venture capitalist Julie Meyer February 23, 2022 The High Court has issued an arrest warrant for Julie Meyer, the founder and CEO of Swiss investment fund Viva Investment Partners (VIP), after she failed to attend a court hearing last week. The decision to issue a warrant for Meyer’s arrest comes after the High Court this month handed the high-profile businesswoman a [...]
US venture capital firms struggle to find European talent industry sources reveal December 30, 2021 Insiders suggest that top American venture capital firms are struggling to find European talent as they expand across the Atlantic.
British biotech payday: Syncona sells portfolio startup Gyroscope to Novartis for £1.1bn December 22, 2021 Shares in life sciences investor Syncona closed 5.5 per cent higher today after it announced the sale of its London-based gene therapy portfolio company Gyroscope Therapeutics to Novartis for up to £1.1bn. In one of the UK biotech industry’s biggest cash exits to date, Swiss pharmaceutical giant Novartis will pay £604m now for Gyroscope, and [...]
Molten Ventures’ tech bets pay off as portfolio value leaps almost 30 per cent to £1.35bn November 29, 2021 Molten Ventures, formerly Draper Esprit, has seen a 27 per cent jump in its portfolio value to £1.35bn in the last six months, the London-listed tech venture capital firm said this morning. In its first interim results since floating on London’s main market in July, the firm said the value of its tech investments had [...]
UK VC fund performance spiked this year – and so did competition for deals November 26, 2021 UK venture capital performance increased sharply in the last year, as the value of funds’ investment picks appreciated almost in line with those of the US, according to research by British Business Bank (BBB) published today. VC funds have seen their total value to paid-in (TVPI) multiple – the metric used to track the value [...]