London’s top consumer VCs share which trends they’re tracking

With 72 unicorns created since 2009 and $8.7 billion in mission funding final year, the UK is Europe’s leading startup hub.

Though it stays unsure how Brexit will affect startups’ ease of recruiting and immediate scaling, initial anxiousness are unlikely to displace London from its living as a worldwide center for finance, media, retail, and abilities.

As UK-based entirely startups reach $1 billion (~£800 million) valuations at a price of one per thirty days, in accordance with knowledge from Dealroom, VC companies possess raised $3.5 billion in contemporary funds to gas the subsequent wave of investments.

Involved to be taught the put that capital might float, I requested 9 of London’s high user-centered VCs to discover which particular traits they’re the exercise of to identify startup investment alternatives:

  • Julia Hawkins, Partner at LocalGlobe
  • Lars Fjeldsoe-Nielsen, Partner at Balderton
  • Sonali De Rycker, Partner at Accel Partners
  • Christian Dorffer, Partner at Sweet Capital
  • Danny Rimer, Partner at Index Ventures
  • Reshma Sohoni, Managing Partner at Seedcamp
  • Niall Wass, Partner at Atomico
  • Paul Murphy, Partner at Northzone
  • Nic Brisbourne, Partner at Forward Partners

Their responses highlighted the diversify of funding interests within the ecosystem, but additionally showcase that banking, user health, transport, say-to-user manufacturers, and social leisure remain sizzling areas.

Julia Hawkins, Partner at LocalGlobe

“I’m very centered on the healthtech sector and within user health, I’m in particular drawn to the opportunity of digital therapeutics to enable other folks to kind lend a hand a watch on over habits and treat obvious chronic stipulations akin to psychological health. 

We’re pondering deeply about transportation, we’re already merchants in Citymapper, Beryl and Voi and behold the huge likely to enhance how other folks plug around cities and affect how metropolis services are deliberate, all while lowering pollution.  

On that topic, we’re watching the climate alternate debate carefully and I’m heartened by the fact that other folks all over are turning into wholly dedicated to lowering rupture. Companies that can kind indubitably round products for our families, homes and locations of labor I mediate will attain successfully.

It’s an extremely fascinating time in media with nice worlds of video, gaming and music are inviting and I deem within the transformative energy of video games, music and immersive experiences — TikTok and Fortnite showcase appropriate how highly effective these might also be and I deem contemporary platforms akin to Playdeo will compile entertaining media and leisure noteworthy extra active experiences in due direction.”

Lars Fjeldsoe-Nielsen, Partner at Balderton

“We’re mad by the disruption all the plot thru the European transportation sector, the put we’ve considered contemporary forms of automobiles, cherish e-scooters from VOI, and extraordinary advances in self sustaining mobility choices. Time is up for automobile ownership in quite a lot of metropolis services and competition is fierce for environmentally-pleasant choices. This creates an exhilarating opportunity to exercise tech to enhance public transport choices and to leverage the sharing economic system which Citymapper supplies, as well to overtake the auto hire sector as contemporary avid gamers cherish Virtuo are aiming to achieve.

We’re additionally impressed by the persisted innovation within the financial sector. We’re long-time merchants in fintech and possess backed Revolut and GoCardless, amongst others. Feeble banks and financial incumbents are fighting fragmented and old-accepted abilities stacks to adapt to immediate altering user calls for, which creates an nice opportunity for startups.”

Sonali De Rycker, Partner at Accel Partners

“We’re mad by three key traits in user tech. The first is fintech, for which the UK has created a extraordinarily supportive ambiance. Just a few sizable companies are being built from London, cherish Monzo, buoyed by contemporary guidelines written around retail banking and subsequent era financial services as well to very wide, unmet buyer query.

The 2d is healthtech. Healthcare is a sizable and untapped opportunity affected by rising charges for suppliers and deteriorating patient trip. We’re seeing a few platform companies that are finding programs to efficiently resolve these complications by offering digital healthcare to consumers, cherish Kry out of Sweden.

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