Up to now, London has been hailed because the undisputed tech capital of Europe! In accordance with the most recent report from Dealroom.co and London & Companions, corporations based within the UK’s tech capital helped Europe attain file ranges of tech enterprise capital funding in 2020.
Raised £ 7.6 billion in 2020
The findings additionally revealed that the UK capital acquired extra funding in tech enterprise capital than any European metropolis in 2020. Regardless of the worldwide pandemic, the UK’s exit from the European Union, London tech corporations raised $ 10.5 billion (roughly £ 7.6 billion) in 2020, considerably extra. than the overall quantity raised in 2017 (£ 5.1 billion) and 2018 (£ four.three billion) and near the file in 2019 (£ 7.eight billion).
London on the coronary heart of development
2020 was a file yr for enterprise capital funding in Europe’s tech sector, with figures from Dealroom.co revealing that European tech corporations raised $ 43.1 billion (roughly £ 31.four billion) the yr previous. London was the middle of this development, and its tech corporations accounted for 1 / 4 of all European tech funding.
A number of the largest offers London corporations entered included: a $ 500 million Collection D funding spherical (roughly £ 365 million) for London-based fintech agency Revolut; a $ 400 million (roughly £ 292 million) deal for electrical car maker Arrival and two rounds of financing totaling $ 527 million (roughly £ 384 million) for a renewable vitality supplier, Octopus Power.
The info additionally says that London-based enterprise capital companies have unprecedented ranges of contemporary capital to deploy in 2021. On this vein, let’s check out the record of high enterprise capitalists who’ve invested in tech companies from London in 2020.
Founders: Adam M. Boujida, Alice Bentinck, Matt Clifford and Odero Otieno
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Entrepreneur First invests in “pre-team, pre-idea” people to assist begin tech startups. The VC is funded by a few of the most prestigious buyers, together with Y Combinator, Index Ventures, and Octopus Ventures. In 2020, they made preliminary investments in London-based tech startups like Cosmos Video, Omnipresent, Novoic, and extra.
Founders: Robin Klein and Saul Klein
Unicorns within the pockets: TransferWise, dangerous, unlikely, Robinhood, Figma, Cazoo
LocalGlobe is a enterprise capital agency that focuses on influence and seed investments. In 2020, they made preliminary investments in London-based tech startups like Cosmos Video, Orbital Witness, and extra.
London open banking fintech Yapily expands to Lithuania after Brexit
Founders: Aviad Eyal, Martin Moshal
Entrée Capital supplies multi-stage financing for startups and progressive corporations all over the world. The enterprise capital agency manages greater than $ 500 million in six funds. With workplaces in Israel, the UK and the US, Entrée Capital has made 23 exits and IPOs and its portfolio has 13 unicorns.
Whereas they have been a part of Rapyd’s latest mega dealIn 2020, additionally they made a number of preliminary investments in London-based tech startups, a few of that are Cazoo and Kuda Financial institution.
Founders: Leila Zegna, Mark Evans and Russell Buckley
Digitization of European highway transport: sennder closes big £ 117m funding and turns into ‘Covid unicorn’
Kindred is an early stage enterprise capital fund based mostly in London that practices a good enterprise. In accordance with the claims of the corporate, every entrepreneur in whom it invests turns into a co-owner of the fund, a “honest firm”. In 2020, they made massive investments in London tech startups like Paddle and Ori Biotech, together with Collection A and seed funding.
Founders: Reshma Sohoni, Saul Klein
Seedcamp identifies and invests early in founders attacking the massive international market and fixing actual issues utilizing know-how. Up to now, the corporate has invested in additional than 260 startups. In 2020, they made seed investments in Contingent, Recurring and extra.
Founders: David Rimer, Giuseppe Zocco and Neil Rimer
Index corporations is a global firm based mostly in London and San Francisco with workplaces in London, San Francisco and Geneva, serving to entrepreneurs flip daring concepts into international enterprise. The VC agency covers all funding phases, from the earliest seed to explosive development. In Serie A, the VC endorsed Codat, Peanut, Argent in 2020.
Founders: Mattias Ljungman, Niklas Zennström
Atomico is a global funding agency that focuses on serving to disruptive know-how corporations scale globally and has a number of unicorns in its portfolio, together with Klarna, Omio, MessageBird, and extra. The London-based enterprise capital agency focuses on seed, start-up, Collection A, early threat, medium threat, late threat, rising development and development capital investments. In Collection A, the VC endorsed LabGenius and Qatalog in 2020.
Founder: Klaus Hommels
Lakestar is a enterprise capital agency recognized for investing in tech corporations like Spotify, Revolut, sennder, and extra. The enterprise capital agency helps corporations determine new markets and develop in them rapidly, with a concentrate on the US and Europe. Investments vary from early stage corporations to development stage ones. By way of Collection A, the VC backed UK open banking fintech Yapily in 2020.
Founder: Bjorn Stray, Tellef Thorleifsson
Northzone prefers to make minority investments in early stage, early stage and later stage corporations. The agency has workplaces within the Nordic nations, London and New York and has supported startups akin to Klarna, Kahoot, Tier and extra. In 2020 they have been behind Zoom rival Hopin and likewise SaaS startup Infogrid.
Founder: Norman fiore
Daybreak Capital is an early stage enterprise fund that focuses on investing within the enterprise software program and fintech sectors. In Collection A, the VC was a part of a brand new London startup: Harbr funding in 2020.
Highland Europe invests in fast-growing European software program, cell and web corporations that tackle big market alternatives and have greater than € 10 million in annual income. The enterprise capital agency additionally supplies financing for acquisitions or leads secondary transactions, along with making major investments.
In 2020, VC participated in growth-stage financing rounds of London tech startups, together with Farewill and Modulr Finance.
Headquartered in London, Eight roads is actively concerned in enterprise, main investments and actual property. It’s the proprietary funding arm of Constancy Worldwide Restricted (FIL). In 2020, they made growth-stage investments in London-based tech startups like Hibob, Moneybox, Decibel, Cazoo, and extra.
Founders: Simon Cook dinner, Stuart Chapman
Draper Esprit invests in early and growth-stage disruptive know-how corporations. The corporate fuels its development with long-term capital, entry to worldwide networks, and a long time of business-building expertise. In 2020, they made growth-stage investments in London-based tech startups like PrimaryBid, Form3, Ravelin, Cazoo, Thought Machine, and extra.