Bridging the funding gap
Bridging the funding gap
London Treasury and Funding London merged in September 2023 to improve operational resilience, achieve consistent oversight, and increase opportunities to work with third party investors.
OVERVIEW
Funding London is a successful SME and venture capital investment organisation bridging the funding gap for London-based early-stage businesses. Established back in 2004, it creates and supports venture capital and loan funds to support the Economic Development Strategy for London through specific strategies to deliver impact, economic growth and job creation. Funding London has a strong track record of delivering financial returns growing the Assets Under Management to £180m.
Our funds
London Co-Investment Fund
The London Co-Investment Fund (LCIF) is an in-house VC fund, that has invested £23m in very early and seed stage digital, science and technology businesses, alongside over £400m from private sector investors. The fund has returned over £10m from sale of investments, of which £6m is available for new investments. Additionally, the value of holdings as of March 2024 stands at £39m. The GLA is currently the ultimate beneficial owner of 100% of the fund but is actively seeking new partners either to acquire a stake in the current portfolio or collaborate on the launch of a second vintage.
Greater London Investment Fund
The Greater London Investment Fund (GLIF) operates as a £100m fund of funds, providing loan and equity finance for London’s SMEs, through three sub-funds; MMC Ventures manage the Equity Fund and FSE Fund Managers manage the Loan Funds. The Funds began investing in May 2019.
Investment Readiness Programme for diverse founders
The Investment Readiness Programme is a free, six-week programme designed to support London based SMEs led by diverse founders in raising external capital. It is funded by UK Shared Prosperity Fund, supported by the Mayor of London and delivered in partnership with Mountside Ventures.
The programme offers support and knowledge on early-stage investment, referrals to mentors and investors. One-to-one support and materials to streamline the fundraising process are provided to participants.
