• Fuel Ventures launches its new $63.6M early-stage VC fund, aiming for 60 startups inside 12 months

    9 days ago - By TechCrunch

    You may have heard of payments startup Paddle which has raised $93.3m or perhaps Heroes which raised $65M to become the “Thrasio of Europe” but you might not have heard so much about a backer of these startups, Fuel Ventures , at least not yet.
    That's about to change as Fuel Ventures comes out of the door with a new £45million / $63.6 million early-stage focused VC fund, aiming at 60 UK tech startups over the next 12 months. This is quite the pace for an early-stage fund, but Fuel's founder and managing partner Mark Pearson told me at length how he is confident of making it one of the most...
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  • Balderton launches $680M ‘early growth' fund to lure startups looking for a different kind of capital

    9 days ago - By TechCrunch

    Investors placing capital in earlier and earlier tech deals has been a historical trend for the last few years, but this strategy was generally reserved for the traditional, ‘high-growth' VC arena. VCs needed to snag earlier ad earlier deals otherwise they would be diluted at a later stage. But with startups coming up with models which can book revenues faster, they have increasingly less need for the VC deal which typically leaves founders with less control and less equity than the newly-ensconced VC on their board. That said, capital at this early stage for ‘growth-based' startups was...
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