Crowdcube recently closed a £3.8 million Series B round and topped it up to £5M by raising £1.2M in just 16 minutes using its own crowdfunding platform, a new world record! Balderton Capital, which has previously backed fellow alternative finance platforms Zopa and Wonga, is leading the transaction and has installed one of their partners as a member of the Crowdcube board. The £5 million that raised has been earmarked for investment in UK and overseas expansion. Crowdcube has doubled its team to 50 and opened new satellite offices in London and Scotland alongside its headquarters
Read more →500 Startups will openly market its next seed fund, taking advantage of newly approved crowdfunding rules from the SEC allowing the broad public solicitation of investors. The pioneering move will make 500 Startups III one of the first major funds to sell itself in such as manner. Last year in the wake of the SEC’s September decision to lift the ban on general solicitation, ff Venture Capital announced it would follow a similar path. Beyond that, only a handful of small funds have experimented with the concept, said industry experts and lawyers involved in venture
Read more →Bringing together private and public sector capital, Enterprise Capital Funds (ECFs) provide equity investments for businesses in the UK. Set up in 2006, there are now 16 ECFs in Britain worth £543.5 million, comprising £321.2 million of government funds and a total of £203.7 million has been invested in 169 companies to date. Managed by a number of well-known venture capital firms including MMC Ventures, Notion Capital and Passion Capital, new funds are determined by a rolling investment programme. In 2008, management of of ECFs, along with other
Read more →Innovation or fad It’s undoubtedly true that outsiders must sometimes look at VCs ploughing investment after investment into certain ‘red hot’ sectors, such as the Internet of Things or messaging apps, and assume they’re simply jumping on bandwagons. Some investors might be; most are not. When VCs spot genuine innovation or disruption they know that things can move very quickly, especially when properly funded. New technology platforms enable businesses to scale much faster than ever before – just look at the rapid growth of companies like Funding Circle, Adyen and Just Eat.
Read more →