Stephen Welton calls for a British mega-fund in City AM
Summer 2017 saw SoftBank invested $500m in Improbable, the largest round of venture financing in British history. This figure has the potential to fire the next-gen tech company into the world’s tech elite. So why, Stephen Welton, CEO of BGF, asks, did the money come from Tokyo? In this City A.M. column, Stephen looks at why no British group was capable of making such a payment, despite BGF’s funding model proving the domestic demand for growth capital is strong.
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