UK VC Firm Announces New Fund for Tech Startups
Cambridge Innovation Capital (CIC), a prominent venture capital firm in the United Kingdom, has launched a new fund totaling $126 million. The funding is earmarked for early-stage technology ventures, signaling a continued investment in the innovation sector.
CIC already has a substantial portfolio, with approximately $757 million invested across over 40 companies. The firm’s focus remains on backing promising startups that are poised to disrupt various industries through technological advancements. This new fund demonstrates CIC’s continued commitment to supporting innovation and fostering growth within the UK’s tech ecosystem.
This announcement highlights the ongoing investment in the UK’s tech sector, particularly for companies in their early stages of growth. The injection of capital is likely to boost innovation and development across various technology fields.
