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Venture Capital

£2B Euro Fund Halts Investment In UK Tech Due To Brexit

by businessinsider.com posted 1year ago 420 views
The European Investment Fund has committed almost £2 billion to UK-based VC firms, and is seen as an "anchor" investor in new funds. Funds including Seedcamp, Hoxton Ventures, and Episode 1 Ventures have been denied funding after the Brexit vote. UK VCs are worried that the potential loss of EIF funding will have a "significant" impact on their ability to raise money.