Andrew Scott, co-founder of 7percent Ventures, started investing in early stage companies because of his frustration at the timidity of European VCs. Too often, he says, British founders downplay their vision to appease investors
This week’s deals include audience platform Permutive closing a £56m Series C round, a Scottish vertical farming tech firm closing a £42m Series B and team building platform Unlock raising £1.5m in seed funding
This week’s deals include Octopus Ventures investing £3.6m in digital ID start-up APLYiD, underwear brand JustWears finding a snug fit with investors, and yet-to-launch shopping app BASKET ringing up £2m
Proptech Proportunity gets on the funding ladder with a £105m funding round, while Balderton Capital joins in on £92m Series B for events platform Hubilo
Treasury decision to renege on annual £22bn target for Government R&D spending means £11bn private investment in British tech will go elsewhere, warns expert