UK the place for Tech investment as investors plough over £9bn into British tech businesses in 2019

UK the place for Tech investment as investors plough over £9bn into British tech businesses in 2019

The UK has pulled well ahead of its closest rivals Germany and France as a tech investment magnet, despite ongoing Brexit uncertainty. Investment in UK technology companies rose by nearly 50pc in 2019 to reach $11.12bn (£9.4bn) compared with $7.52bn last year.  This is more than double the amount invested in Britain’s two closest rivals, Germany and France, which raked in $5.9bn and $4.87bn respectively.London continues to be the number one tech hub in Europe in terms of investment, followed by Berlin and then Paris.  The capital is home to more

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Balderton Closes new $400M Early Stage European focused Venture Capital Fund

Balderton Closes new $400M Early Stage European focused Venture Capital Fund

Balderton, the London based venture capital firm, has closed a new $400M early stage fund which will be deployed into outstanding European founders looking for Series A investments. The new fund will be managed by an investment team of 15 working as a single team across Europe, with permanent staff members based in both Paris and Berlin to help build close relationships with entrepreneurs, seed funds and accelerators and to provide ongoing support to portfolio companies on the ground. Portfolio companies will also have access to Balderton’s Build platform that

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UK tech investment trends of Q1 2017

UK tech investment trends of Q1 2017

Investment Growth in Q1 The first quarter of 2017 was strong in terms of investment rounds announced by UK tech companies. A total of £576.85m ($719.27m) in funding was recorded on the Tech City News Investment Tracker in the first three months of the year. This represents a 142.8% increase on the £237.56m announced in Q4 2016 and an 80.2% increase on the £320.14m raised in Q1 2016. March was the month that saw the most investment activity, with £239.82m recorded across 30 rounds. The largest round recorded in this

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Yieldify Raises $6M in Funding

Yieldify Raises $6M in Funding

Yieldify, a London, UK-based marketing experience company, raised $6m in its second funding round. The round was led by Binomial Ventures with participation from John Giuliani, CEO of digital marketing leader Conversant, who has also joined the Yieldify board as Chairman, Tom Singh, founder of fashion chain New Look, and existing investors GV (formerly Google Ventures), SoftBank Capital, Hoxton Ventures and Data Point Capital. The company intends to use the funds to continue to scale in the e-commerce market. Launched in 2013 and led by Jay Radia, Chief Executive Officer,

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Barclays Opens FinTech Site in Tech City London

Barclays Opens FinTech Site in Tech City London

Barclays has opened its flagship FinTech open innovation site, Rise London, in Shoreditch. Rise is Barclays’ programme which aims to combine a curated community of FinTech startups , corporate clients and other experts from across the world, to work on Barclays’ customer and business opportunities and to shape innovative financial services.  At Rise, Barclays co-creates new products, services and platforms along with startups and corporates, investors and industry experts across seven sites internationally in New York, Manchester, Mumbai, Cape Town, Vilnius, London and Tel Aviv. In each location, the banking

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The Angel CoFund is now 5 years old, how has it performed?

The Angel CoFund is now 5 years old, how has it performed?

The Angel CoFund, a London, UK-based venture capital fund launched with an initial Government-backed funding of £50m has announced its main results culminating with the celebration of its fifth birthday. With its mandate remaining to back the best UK-based high potential and high growth early stage companies and to partner with business angels via co-investment, the fund has hit several milestones, including: more than £33m invested which leveraged £175m of co-investments from angels and angel networks 71 companies funded Four successful exits Three IPOs And an ROI of 3x on average

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Stormburst Studios Raises £150k in Seed Funding

Stormburst Studios Raises £150k in Seed Funding

Stormburst Studios, a Birmingham, UK-based startup which develops game-inspired software for business use, raised £150k in seed funding from Mercia Fund Management. Co-founded by Derry Holt and James Heath, Stormburst Studios provides OneUp, which allows sales teams to pit themselves against each other in a fantasy sports competition.  By using gaming concepts such as leaderboards and dashboards to replace spreadsheets, OneUp offers a new approach to sales management, helping to motivate and engage employees while allowing managers to gain detailed performance insights. The company will use the funds to further develop

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