Posted Thursday 29th July 2021
VCs play an important role in the funding of start-ups and in turn, their growth and success. With so many start-ups competing for financing, many companies are turned away. After speaking with VCs, Sifted have compiled a list of reasons VCs turn down funding.
The London-based digital bank has reached a £24bn valuation following its latest funding round. Already a big name in the banking sector, the tech company is now more valuable than high street bank NatWest.
Index Ventures has raised a trio of funds totaling $3bn to be invested in emerging start-ups and existing portfolio companies. Venture funds are currently growing at an unprecedented rate with Accel and Andreessen Horowitz also recently announcing funds of $3bn and $2.2bn respectively.
The Government has opened applications for funding as part of its new Future Fund: Breakthrough initiative. The fund will see investment given to high-growth, R&D intensive companies looking to bring technological advances to market.
Femtech innovator, and Joelson client, Elvie has raised £58m in a Series C funding round. With investment from some big names including the Business Growth Fund and Blackrock, the products that Elvie are providing are set to become mainstream.
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
Joelson, the leading London law firm, has successfully advised the sellers of Pet Microchip Services Ltd (PMS) on its sale to Identi.
Joelson has advised the company and management of Addison Lee on its acquisition by ComfortDelGro, a leading multi-modal mobility operator.
The much-anticipated Employment Rights Bill has been published. The Bill is extensive, with over 158 pages, and will affect employers of all sizes overhauling many current employment laws and giving employees enhanced rights.
