Category: VC Funding News

HSBC UK investment banking head departs amid strategy shift

The head of UK investment banking at HSBC has quit, the latest top-level change at the bank as it refocuses on corporate finance in its home market. Rob Ritchie, the former Goldman Sachs executive hired by HSBC two years ago as co-head of its UK global banking business, left the bank earlier this month, according to two …

Britain’s Best Universities For Female Founders

Amid the gloom about how few female entrepreneurs in the UK attract venture capital funding, is there any reason to be more optimistic about the future? New research suggests there just may be, identifying more than 400 female graduates of British universities who have gone on to raise hundreds of millions of pounds of funding …

UK venture capital produces similar returns to that of US

Contrary to widespread misperceptions, UK venture capital funds have produced similar returns to those based in the US, according to research. And between 2002-2006, UK VC funds actually outperformed US VC funds. If you invested a dollar in every UK VC fund pooled together over the five years, roughly speaking you would have got your …

UK venture capital firms get similar returns to US counterparts

Long thought to lag behind their US peers, venture capital firms in the UK actually produce comparable returns, according to new research from the British Business Bank. UK venture capital firms get similar returns to US counterparts. According to the bank’s analysis, UK-based venture capital firms actually outperformed their US counterparts between 2002 and 2006 …

Venture Funding For Female Founders Falls

Crunchbase breathlessly announced in its “Diversity Report” this week that startups with female founders and co-founders have raised over $20 billion through three quarters this year. Only when reading the full text of the report is it clear that only 3% of venture capital went to companies led by a female founder and that total venture funding …

Private equity buyers snap up UK’s hot tech stocks

Private equity firms have taken private four UK tech companies this year in deals worth $7.6bn, according to data from Preqin. The latest, software and hardware company Sophos, was snapped up by US buyout group Thoma Bravo last week in a deal valuing the cybersecurity firm at $3.8bn including debt. Half of companies that were …

UK venture capital arm to write ‘big cheques’ for tech sector

In its first annual results since being set up last summer, British Patient Capital, which has backed companies such as Revolut and Graphcore through its investment in venture capital funds focused on fast-growing UK businesses, reported a gross return on capital employed of 8.2 per cent. British Patient Capital said that it had already become …

UK Growth Companies Set To Smash Fundraising Records

Britain’s scale-up businesses are on course to raise record amounts of funding this year, having almost eclipsed the all-time highs achieved in 2018 during the first nine months of 2019 alone. UK Growth Companies Set To Smash Fundraising Records. Figures published today by the accountant KPMG and the market research group Pitchfork reveal that UK …

Nearly half of UK venture capital firms still don’t prioritise diversity

The UK’s venture capital firms are still behind on implementing diversity and inclusion policies, despite ramping awareness of the issue across the industry. Nearly half of UK venture capital firms still don’t prioritise diversity. The findings come in Diversity VC’s latest report, titled ‘Venturing into Diversity and Inclusion 2019’, which is supported by Capital Enterprise, …

The rise of venture philanthropy

Venture philanthropists are guided by one simple principle: get useful treatments into the hands of patients, and make money doing it. In LifeArc’s case, those returns come from the stakes it holds in the companies it invests in, and sharing the royalties of successful treatments. These returns are then reinvested back into other potential treatments, …