The London Co-Investment Fund (LCIF) – the Mayor of London’s early stage tech fund – has today announced it is being supported by several successful tech gurus.
Entrepreneurs and investors such as Steve Garnett and Sukhendu Pal, will offer support and guidance at our business clinics, to fast growing tech businesses within the London Co-Investment Fund.
The LCIF has to date invested in 103 dynamic Tech business within the capital, helping to bridge the funding gap in the London tech ecosystem. In today’s environment however, funding isn’t enough. As our portfolio grows, our start-ups not only need follow-on investment but guidance from entrepreneurs, who have ‘been there and done it’ several times. By addressing challenges and opportunities quickly, our companies can grow and become the unicorns of the future.
Six fast growing Tech companies from the LCIF, have been hand-picked to take part in the first round of business clinics starting in March 2018 and continuing throughout 2018.
Joining the first panel will be Steve Garnett and Sukhendu Pal, (details on future clinics will be released at a later date). The real differentiator and benefit for our companies, is the vast experience the panel offers.
With the introduction of our business clinics we are showing that London is not just the ‘Tech Start-Up Capital’ but by connecting the dots between ‘new and experienced entrepreneurs’ it becomes the ‘Tech Revolution Capital’.
Rajesh Agrawal, Deputy Mayor for Business, said: “This fund has already helped more than 100 business to grow and flourish in London. I am pleased that it can now count on the expertise of these entrepreneurs and investors as it continues to go from strength to strength.”
Maggie Rodriguez-Piza, CEO of Funding London and co-founder of LCIF, said: “The ultimate objective of LCIF is to empower London’s start-ups to grow into the tech giants of the future. We are excited to be working with Steve Garnett, Sukhendu Pal and others, to offer support to our 100+ companies.