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The UK is still the top fintech hub in Europe with $4.1bn in funding


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The UK is still the top fintech hub in Europe with $4.1bn in funding
Companies based in London accounted for more than 90% of the UK s total fintech investment
Silicon Roundabout in London. The capital generates 90% of the UK s fintech funding
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Wednesday January 20, 2021 12:01 am
The UK has retained its spot as the top destination for fintech venture capital investment in Europe, raking in $4.1bn as a sector in 2020.
Data from Innovate Finance published on 20 January showed the UK ranked second globally for funding last year, behind the US at $22bn. It surpassed emerging markets Indonesia and India, which came third and fourth, respectively. ....

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ArcLight-Backed SPAC Connects With E-Bus Maker Proterra


Jan. 12, 2021 7:45 pm ET
A blank-check company backed by energy investment firm ArcLight Capital Partners agreed to acquire and take public electric vehicle company Proterra Inc. in a deal that gives it an enterprise value of about $1.6 billion.
ArcLight Clean Transition Corp. , the special-purpose acquisition company, will use $278 million raised through an initial public offering in September as well as $415 million being raised in a private investment in public securities transaction to help finance the deal, regulatory filings show. The deal is expected to close in the first half of the year.
Shares of the blank-check company, which priced its IPO at $10 a share and closed Monday at $12.19 each, more than doubled on Tuesday on news of the deal, closing at $25.20. ....

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Start-Up EQRx, Which Wants to Undersell the Drug Industry, Raises Another $500 Million


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A pharmaceutical start-up that thinks it can undersell the entire drug industry got off to a quick start in its first year in business, grabbing rights to a handful of drugs, including two that could make it a player in the hottest cancer drug market sometime in the next few years.
Now comes the hard part: Getting doctors to prescribe its cheap drugs, instead of brand-name competitors backed by big marketing budgets.
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A Start-Up That Wants to Undersell the Drug Industry Raises Another $500 Million
A pharmaceutical start-up that thinks it can undersell the entire drug industry got off to a quick start in its first year in business, grabbing rights to a handful of drugs, including two that could make it a player in the hottest cancer drug market sometime in the next few years. ....

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