Investments
4
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Latest Stephen Kelly News
Jan 23, 2023
UKHotViews The news announced last Friday that the Department for Digital, Culture, Media and Sport (DCMS) is to switch its allegiance from Tech Nation, the highly respected UK tech ‘growth accelerator’, to Barclays Bank’s incubator, Eagle Labs, was anticipated by Tech Nation chairman Stephen Kelly and CEO Gerard Grech, but nonetheless the loss of the £12.1m Digital Growth Grant will be a huge blow to its finances. Tech Nation was originally established as an interactive data project to show the growth of digital businesses within specific areas/regions - ‘clusters’ - across the UK. The project was developed and curated by Tech City UK, the (then) government-backed organisation focused on the UK’s digital economy. Since then, Tech Nation has become one of the most influential nd successful organisations supporting UK tech scaleups. Tech Nation relies heavily on government funding as well as sponsorship from a wide range of private sector organisations across multiple industry sectors. According to the DCMS press release, the Digital Growth Grant was awarded following ‘an open competition and rigorous assessment process’ and ‘represented the best value for taxpayers’ money’. I would be extremely interested to see the evaluation scorecard for that decision.
Stephen Kelly Investments
4 Investments
Stephen Kelly has made 4 investments. Their latest investment was in Electron as part of their Angel on December 12, 2021.
Stephen Kelly Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/12/2021 | Angel | Electron | $1.85M | Yes | 2 | |
8/18/2020 | Seed VC | |||||
2/15/2019 | Angel - II | |||||
1/15/2019 | Series A |
Date | 12/12/2021 | 8/18/2020 | 2/15/2019 | 1/15/2019 |
|---|---|---|---|---|
Round | Angel | Seed VC | Angel - II | Series A |
Company | Electron | |||
Amount | $1.85M | |||
New? | Yes | |||
Co-Investors | ||||
Sources | 2 |
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