Albion Capital has been selected as a new co-investment partner by the London Co-investment Fund (LCIF).
The £25m LCIF fund, launched in 2015, is designed to help early stage businesses in London. It is backed by the London Mayor’s Office and was set up to bridge the funding gap for technology start-up companies.
Investment in technology has been a long term focus for Albion and in the last year alone Albion has made investments in a number of technology businesses including Black Swan Data, Panaseer, InCrowd Sport, Quantexa, MPP and Locum’s Nest. The UCL Technology Fund, launched in November 2016 and managed by Albion, is also focussed on commercialising intellectual property originating from the physical and life sciences departments of UCL.
Will Fraser-Allen, Deputy Managing Partner of Albion Capital - “The opportunity to partner with LCIF further builds Albion’s position as a leading investor in growing and innovative London businesses. Digital health, automation, cyber and data analytics are important investment themes for Albion and London, with its thriving Tech community, is a great source of businesses for us to support.”