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This December, the London Co-investment Fund completes two years of investment and boasts a portfolio of 67 companies fuelled with exceptional talent and potential to scale into tech giants!

We celebrated this occasion with our supporters, the Greater London Authority (GLA) and the founders of our portfolio companies.
Glimpses of the LCIF Portfolio Meeting on 28th November 2016

In Photo: Maggie Rodriguez-Piza (L), Rajesh Agrawal (C) and Puneet Bhatia (R)

Along with striking views from the London Living Room at City Hall, the event was made special by the powerful keynote addresses delivered by the Deputy Mayor for Business, Rajesh Agrawal, and our CEO, Maggie Rodriguez-Piza. Read her full speech.

By sharing insightful anecdotes from his own entrepreneurial journey, the Deputy Mayor assured the founders that he can understand the challenges they face and expressed his desire to engage in conversations with as many businesses as possible to understand the community’s expectations from him. Mr. Agrawal announced the various initiatives undertaken by the GLA to support the entrepreneurial community like the Growth Hub. He also highlighted the key GLA projects and the scope of collaboration between start-ups and the government to make life better for Londoners. To illustrate how a public-private partnership can achieve mutually beneficial results, he cited the London Co-investment Fund as an example. The Deputy Mayor for Business recounted the achievements of the fund within the two year period and encouraged the companies to learn more about the emerging GovTech opportunities.

London Co-investment Fund achievements:

Amount Invested: £11m
Companies Funded: 67
Jobs Created: 461
Co-investment Multiple: 6x
Private Capital Raised: £68m

The indication to emerging GovTech opportunities was further elaborated by Andrew Collinge, Assistant Director, GLA Intelligence and Analysis Unit. He illustrated a picture of the current gaps between the tech community and the public bodies. He not only assured the entrepreneurs that they are aware of the technological solutions that are ripe to be implemented for public outcomes but also pointed their attention towards the difficulties involved in such collaborations. He concluded by giving two straightforward GovTech messages -  ‘‘We are ready to engage. We are ready to co-ordinate’’.

This message was further enforced by the engaging conversations between the LCIF portfolio companies and the participating GLA teams, which included the TFL Innovation Portal, Digital Skills, London Ambitions and Sharing Cities.

At Funding London, we are committed to strengthening this budding relationship between the tech community and the public sector initiatives.

Watch the new LCIF video! 

Click on the picture

Get in touch:
Maggie Rodriguez-Piza
Puneet Raj Bhatia

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