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Government Backs Britain’s First Cyber Seed Fund, Worth £50m
The government-backed British Business Bank has committed nearly three-quarters of the £50m ($64m) fund which launched today to help early-stage UK cyber-startups. Venture capital firm Osney Capital’s Fund 1 plans to invest between £250,000 and £2.5m in 30 portfolio companies at pre-seed and seed stage, before stumping up for follow-on Series A rounds. The Cheltenham-based VC firm said the fund was oversubscribed, such is the excitement around the UK’s burgeoning cyber startup scene. The UK’s…
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