Key Cambridge, UK VC launches $126M fund to stem later stage flight

Quick Summary:

It’s often said that the UK and Europe lack the huge level of growth funding for later-stage startups that the US has for its own, and this is correct. According to the European Investment Fund, there are at least seven times more large-size VC funds in the US than in Europe.

Pragmatic Semiconductor is a large chip designer and manufacturer which has raised $389.3 million to date, while Riverlane, is a quantum computing error correction company that has raised $120.7 million.

Cambridge is best known for producing several significant companies including ARM Holdings, Abcam, Darktrace, and Bicycle Therapeutics.Mike Butcher (M.B.E.) is Editor-at-large of TechCrunch.

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Article Details

Author / Journalist: Mike Butcher

Category: Technology

Markets: United States

Topics: VC Venture Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 08:00:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 733 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26367791

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