UK VC Launches $126M Fund to Address Later-Stage Funding Gap
The launch of Cambridge Innovation Capital's new £100 million ($126 million) "Opportunity Fund" marks a significant step towards addressing the UK's long-standing funding gap for later-stage startups. This move aims to provide vital capital to deep tech and life sciences companies, helping them mature into proven technologies. By investing in growth-stage companies, CIC hopes to stem the outflow of UK startups to other countries, particularly the US.
- The emergence of this new fund highlights the growing importance of Cambridge's ecosystem, which has already produced several significant companies, such as ARM Holdings and Abcam.
- Will the success of this fund serve as a template for other regions in Europe to follow, or will it be an isolated example of a proactive approach to addressing the funding gap?