2021 is well and truly underway, and it's already shaping up to be a busy year! This month's edition has lots of news, content and announcements.
This month we cover:
- Welcoming PubX to the RLC Family
- Portfolio Updates
- UK Startup Funding Guide
- VC Predictions for 2021
📣 Announcing our latest Investment in PubX, who are using Artificial Intelligence to enable Publishers to thrive in the 21st Century.
🌱 $500k Pre-seed round
🤝 Co-invested alongside Force Over Mass, Haatch and Redbus
🗝 Unlocking additional revenue for Digital Publishers from their programmatic advertising
🤫 Exciting announcements to come with Tier-1 publishers
Read more about the investment and why we got excited here.
📣 Portfolio Company Updates
Condense Reality interviewed by Steph McGovern for BT! - As part of their 'The Future is Now' series, Nick Fellingham (CEO and Founder) was interviewed and gave a live demo of the Condense Reality prototype. You can watch the full video here.
Workscope Joins MassChallenge Fintech 2021 Vertical: Workscope was selected as one of the thirty companies to join the 2021 cohort, bringing expertise in end-user computing, spreadsheet management, process discovery and data lineage to the programme. With an acceptance rate of less than 8%, this is a great achievement for Workscope and we look forward to watching their progress closely over their time in the programme.
You can see the full overview of what the programme entails here.
🖊️ What we wrote
The UK Tech Ecosystem is full of funding opportunities for founders. To help Founders better navigate their funding options, the RLC team have spent the past few weeks mapping out the UK Early-stage Funding Landscape - highlighting the key funding options available, what they entail, and the most active investors within each category.
All together, we've compiled a full list of 150+ VCs, 200+ accelerators and incubators, 25+ Angels and Angel syndicates, Venture Builders, and Crowdfunding platforms - a comprehensive guide for any founders looking to raise in 2021.
Take a look at our UK Startup Funding Guide 2021 in full here.
💡 VC Predictions for 2021
2020 was a tale of two halves for venture capital - with prolonged round closures and the temporary pause in investments throughout Q2 2020, Covid-19 evidently had an impact on investor appetite. So what does 2021 have in-store for the early-stage ecosystem?
💰 More M&A activity within early-stage
⛓️ Mainstreaming of Crypto and Decentralised Finance (DeFi)
🚰 Continued democratisation of dealfow
💗 Rise of the Passion Economy
Read here for the full take on what we think 2021 has in store for us, and a special thank you to our friends at Episode1, Augmentum Fintech, Techstars, and Antler for offering their perspectives.
UK Pre-Seed/Seed Investing with Reece
Reece was interviewed by The European Tech Club on Clubhouse earlier this month, where he spoke all things early-stage investing. There were some great questions and thanks to Akash Bajwa, Shash Deshmukh and Cyril Lutterodt for hosting!
Some of our portfolio companies are hiring:
See the open roles below at each companies careers page:
RLC Ventures is an Appointed Representative of FCA-authorised ‘Principal firm’ SFC Capital Partners Ltd (FRN:736284). EIS/SEIS investments should be treated as higher risk/speculative and place capital at risk. Past performance is not indicative of future performance and tax reliefs depend on individual circumstances and are subject to change. The products and/or services mentioned are only available to professional investors. The content of this Newsletter is correct at the time of publication. Any sharing or forwarding, by recipients of this communication, is the responsibility of the recipient as a communicator.