According to Innovate Finance, the UK fintech landscape experienced a record year for funding in 2017, attracting $1.8 billion of venture capital (VC) investment. That’s a 153% increase on 2016. But an interesting aspect of this sector, which often gets overlooked, is how much of that innovation is supported by angel funding.
Gousto, the U.K. cook-at-home meal kit service that competes most directly with HelloFresh, has raised a further £18 million in funding.
Exonate has successfully fundraised £1.5 million to accelerate development of its lead product - an eye drop treatment for retinal neovascular diseases.
Cambridge startup techspert.io has secured £1 million in second round funding for its pioneering expert-finding and evaluating technology.
Existing investors Barclays Bank, Angel Cofund and several other individual backers also participated in the round.
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If you’re a founder looking for funding to grow your tech business, you’ll likely have wondered about what investors look for in management teams before investing.
UK-based breast imaging company, Micrima has raised £4.4 million in additional equity funding led by Technology Venture Partners, The Angel CoFund(ACF), and Venture Founders – plus a group of returning and new individual investors – bringing the total amount raised to £10.7m.