Insights

Corporate News Roundup – July 2021

Posted Thursday 29th July 2021


The 6 reasons VCs turn down start-ups

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.

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Revolut is officially the UK’s most valuable start-up

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.

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The VC funds now raising billions

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.

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Future Fund: Breakthrough brings £375m funding

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.

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Elvie raises £58m in latest funding drive

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.

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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.


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