On the face of it, Britain’s venture capital firms have never been more ready to invest in your start-up. British venture capital funds have £8.4bn ready for investment in fast-growth businesses, according to research. Indeed, British tech start-ups raised more than £4bn between January and June, despite the shutdown of the economy, according to the government.
This venture capital cash could provide crucial investment for innovative companies as the country emerges from the Covid-19 crisis.
However, the reality is that many venture capital investors are playing it cautious, wanting to invest in later, safer funding rounds for companies with proven revenue. Two fifths of start-ups believe they have less than 12 months’ worth of runway left before they run out of money. Over 1,000 of the UK’s high-growth tech start-ups have gone bust since lockdown began. Which is why follow-on funding rounds are crucial.
Next generation plastic start-up Xampla accelerates growth with further £6m seed investment
LONDON, Jan. 8, 2021 /PRNewswire/ University of Cambridge spin-out Xampla has today announced it has closed a £6.2m seed finance round, led by the backers of Zoom, to accelerate the roll-out of its next generation plastic replacement. The investment follows a £2m round announced in April last year.
The company has ambitious plans to replace microplastics and single-use plastics with its entirely natural plant-protein alternatives. Xampla is chaired by Jeff Seabright, the former Chief Sustainability Officer of Unilever, and is the first UK university spin-out to secure B Corp accreditation.
AlleyWatch
Creditas
Creditas, a financial technology company, operates a digital platform which offers secured consumer loans. Founded by Sergio Furio in 2012, Creditas is backed by investors that include Amadeus Capital Partners, Endeavor Catalyst, Naspers, SoftBank, and Vostok Emerging Finance and is headquartered in Sao Paulo.
FOUNDED:2012
FOUNDERS:Sergio Furio
Total equity funding raised: $568.9M The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility, lead generation, and building thought leadership among the vast majority of key influencers in the business community and beyond. Learn more about running a digital campaign that will return your investment here.
Top FinTech funding rounds in the Americas: December 2020 ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.