Mayor’s fund continues to invest in London start-ups

A company which produces portable incubators for premature babies and another which makes navigation systems for bicycles are among the businesses that have benefited from the London Co-investment Fund since the June referendum. The fund which is backed by the Mayor of London Sadiq Khan uses public-private venture capital for pump-priming investment in some of London’s most innovative science, digital and tech start-ups. In June alone, the fund invested more than £1m in a range of start-ups despite a downturn in investment across much of the economy. Khan said: “I have promised to be most pro-business Mayor that London has ever had – and now I’m delivering on that promise. “And our great city is fertile ground for promising start-up business from a whole range of sectors. “The level of investment…

Link to Full Article: Mayor’s fund continues to invest in London start-ups

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