Exclusive: IPO frenzy gives investors confidence to back emerging markets, says venture capital boss May 25, 2021 2020 saw many businesses and the flow of consumer cash into the economy put on hold. In early 2021, after months of volatility, Covid-19 vaccines started to offer hope, with business sentiment slowly recovering, and growing ever more optimistic as forecasts remain strong, and new variants seem to be covered by the inoculations. IPOs and mergers and acquisitions continue [...]
Draper Esprit’s tech bets pay off as portfolio value jumps 35 per cent April 26, 2021 UK venture capital firm Draper Esprit has increased its gross portfolio value by more than 35 per cent to £955m in the last year, the company said this morning. Delivering its full year trading update, Draper Esprit said the market for tech company investments has been “exceptionally strong” during the pandemic. Martin Davis, CEO of [...]
Sunday Sitdown: Investors look past political changes as Brexit offers a chance to alter investment regulation, says City veteran April 18, 2021 More than 440 firms in banking and financial services have relocated part of their business, moved employees or set up new entities in the EU following Brexit. Dublin and Paris are the go-to destinations, as banks have moved or plan to move more than £900bn in assets to the EU, equivalent to 10 per cent [...]
VCs fail to add value beyond funding, early stage founders say April 1, 2021 The past year has seen VC investment go through the roof as firms look to capitalise on increased demand for tech, but founders are unhappy with what firms are offering beyond funding. Forward Partners’ More than Money report published today will make uncomfortable reading for the VC community. VCs may well have splashed the cash [...]
More than half of PE and VC firms have all-white investment teams March 17, 2021 Private equity and VC firms are making great strides with gender diversity but the industry is still significantly lagging on ethnic minority representation, according to new research. Analysis by the British Venture Capital and Private Equity Association (BVCA) and Level 20 reveals all male investment teams have declined from 28 per cent in 2018 to [...]
Exclusive: City’s venture capital guru on Brexit, fundraising and impact investing March 17, 2021 With Brexit just behind us, and the pandemic gradually being brought under control, it seemed like a good time to measure the temperature of London’s venture capital investment space. City A.M. sat down with David Hall, for his first major interview as chairman of the Venture Capital Trust Association, since succeeding Stuart Veale in January [...]
Illuminate Financial closes $100m round with backing from JP Morgan and Barclays March 17, 2021 London-based VC firm Illuminate Financial has closed a $100m round with backing from JP Morgan Chase and Barclays. The fund, which is Illuminate’s second, was anchored by Deutsche Borse and IHS Markit, with additional backing from Draper Esprit and family offices. It was launched in early 2019 before closing in January 2021. “It has been [...]
Inovia Capital expands European presence with $450m fund March 16, 2021 Canadian venture capital firm Inovia Capital has closed its first transatlantic fund at $450m doubling down on its commitment to invest in European growth-stage firms. The firm opened in London two years ago and is led by investor Patrick Pichette, who also chairs Twitter’s Board of Directors. Early stage investment in European startups has hit [...]
Hunting for unicorns could see us miss the easy targets February 8, 2021 Every year, the health of Britain’s venture economy, and particularly tech, ecosystem is judged by the number of unicorns – companies that have secured billion-dollar valuations. The number of unicorns goes up, and the growing strength of the emerging next generation of UK businesses is celebrated. At the pinnacle of the apex, it’s a good [...]
Astia launches $100m venture fund for growth companies with women at the helm February 8, 2021 Astia has launched a $100m early-stage venture fund that will invest globally in high-growth companies that have at least one woman in an executive, equity-holding position. The fund was created to help to address the disparity in funding for companies that include women in founding or executive roles. Mastercard is the fund’s main investor. Astia [...]