Technology

European tech firms lose $400bn in market value over past year

Hundreds of billions wiped off market value of European tech companies as investors are spooked by soaring inflation, the energy crisis and the war in Ukraine

News

Nesta launches £50m fund for social impact start-ups

Nesta Impact Investments will invest up to £1m in 5-10 start-ups promoting social and environmental good each year

Growth Planning

Majority of scaleups say it’s getting harder to grow a business

Half of scaleup CEOs say they do not have enough venture capital investment to meet current growth trajectory

Venture Capital Funding

Capital Pilot makes first 50 investments

Half of start-ups backed by Boost Fund 1 are led by female founders, while nearly one third of start-ups are also run by black or Asian entrepreneurs

News

Number of green scaleups drops by 10% year on year

The number of green businesses growing turnover at 20% over past three years drops by 10% to 256, according to The Scaleup Institute

News

How the High Potential Individual visa works for top tech graduates

Government opens doors to tech graduates from top universities worldwide in order to stem European brain drain due to Brexit

News

Deals of the Week 21 May to 27 May – a GrowthBusiness round-up

This week’s deals include agricultural commodities hedging platform Stable closing £48m in Series B, a new £20m fund for life sciences start-ups in the Greater Manchester area, and Resurgence Novels, a streaming service for books, raising £195,000 in seed funding

News

Earliest-stage tech start-ups being starved of investment, warns Google

UK runs the risk of choking off future tech giants, warns internet giant, as proportion of VC funding for earliest-stage tech companies falls to 5% in 2021 compared with 15% a decade ago

Venture Capital Funding

Number of new venture capital firms drops by two thirds in 2021

Volume of new VCs being founded in Britain drops by two thirds in 2021, reflecting a wider European slowdown in new venture capital firms opening their doors

Technology

British investors ready to invest £1.4bn in university spinouts

Cambridge Innovation Capital takes top spot as biggest investor in university spinouts with £500m under management, with new entrant Northern Powerhouse raising £300m to invest in northern university tech start-ups

Venture Capital Funding

Cambridge Innovation Capital closes £225m second fund

CIC’s first fund made more than 30 investments in potentially world-leading deeptech and life sciences companies

News

University spinouts raise £11bn of equity investment over past decade

Over a thousand university spinouts have gone through 3,000 plus equity rounds between 2012 and 2021, with America being by far the most active foreign investor