Taxpayer-backed Pollen on the verge of collapse Pollen An events start-up backed by the British Business Bank's Future Fund is on the verge of collapse just months after it bagged a $150m funding injection, according to reports today.
European venture funding plunges as inflation hits private markets Venture slowdown European venture capital funding slumped in the second quarter of the year as an investment boom tailed off amid soaring inflation and market shocks brought on by Russia’s invasion of Ukraine, new research has revealed.
Startups restraining breakneck growth plans in hunt for funding, says VC chief VC UK startups are paring back growth-at-all-costs business plans and mapping out firmer routes to profitability as recessionary fears cause investors to pull back from higher risk bets, a top venture capital chief said today.
British Business Bank pumps £30m into early-stage venture fund amid investment slowdown July 27, 2022 The state-backed British Business Bank revealed it had pumped £30m into a new early-stage venture fund today as it looks to fill a funding gap for small firms amid a major investment slowdown this year.
Venture capital ‘rock bottom’ is yet to be fully felt, KPMG exec warns July 21, 2022 The 'rock bottom' of a venture capital downturn is yet to be fully felt this year as deals struck in the first quarter unrealistically buoy investment figures, a KPMG venture chief warned today.
Exclusive: UK fintech funding bucks global slowdown to hit £7.6bn July 19, 2022 Investment into the UK’s fintech sector has jumped ahead of 2021 levels this year despite recessionary fears beginning to drag on funding in the second quarter, new figures have revealed.
Branson backs London fintech Lightyear in $25m round July 14, 2022 Richard Branson has thrown his weight behind London fintech firm Lightyear today in a $25m funding round that has fuelled the firm’s expansion into Europe.
UK venture funding slumps as recession jitters take hold July 13, 2022 UK venture capital funding slumped in the second quarter of the year as an investment frenzy tailed off amid rising interest rates and the prospect of a looming recession. Total cash injected by venture firms in the UK fell to $7.1bn across 478 deals between April and June, down from an all time high of [...]
Exclusive: ‘Veganuary’ founder launches new £30m vegan venture fund July 5, 2022 The co-founder of the ‘Veganuary’ initiative has launched a new £30m investment vehicle today designed to spur growth in firms developing meat-free animal alternative products.
Augmentum Fintech pulls back on fresh investment as ‘price correction’ looms July 4, 2022 Fintech venture vehicle Augmentum reported a “strong performance” in its portfolio last year but said it had pulled back on fresh investments in the past six months amid a rout in global tech firms.