Corporate News Roundup – June 2022

Posted Thursday 30th June 2022

Crowdfunding becomes popular for equity investment

Crowdfunding has become the third most active investment type in the UK, when it comes to equity investment. The number of raises through 2021 was 573 and by comparison, angel investment produced 602 equity fundraises. Beauhurst have done a deep dive into the state of equity crowdfunding in 2022.

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Klarna valuation drops by a third

The saga around buy now pay later start-up, Klarna, is set to continue as reports suggest the company are attempting to raise further investment at a third of its previous valuation. Once valued at $45bn, the valuation may shrink to a lowly £15bn.

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The UK’s latest unicorns

The term ‘Unicorn’, coined in 2013, used to signal the rarity of private companies valued at $1bn but each year the number of unicorns in the UK has risen. Who are the latest to make the grade?

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Google for Startups doubles its Black Founders Fund

Following the success of Google’s Black Founders Fund, launched last year, they are doubling the size of the fund to £3m. Last year, 30 start-ups were funded and have gone on to raise a further £65m in follow-on funding.

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Too many unicorns?

Is the tech boom over? Venture capital funding recorded the first drop in investment last quarter, suggesting that more scrutiny is being placed on start-ups. A slow-down of funding may mean fast-growth companies will have to look for creative options to grow their businesses at the same pace.

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Bread & Jam Festival 2022

Next month we are sponsoring the annual Bread & Jam Festival, aimed at helping founders of food and drink businesses develop their networks and grow their brands. Use our discount code ‘EXHIBITORPAL’ via Eventbrite for £30 off a standard ticket.

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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