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Venture capital in London

Bird & Bird LLP

A ‘standout venture capital practice in London’, Bird & Bird LLP has a longstanding presence in the market and provides 'commercial and timely advice' to investees and investors on matters throughout the funding lifecycle. As well as the firm’s core venture capital expertise, clients appreciate the ability to draw upon experts within the commercial, IP and tax teams, in addition to practitioners from across the firm’s broad geographical network of offices on cross-border deals. Praised for their ‘very commercial approach’, Geraint Lloyd  and Struan Penwarden are experienced practitioners in the space, with the latter benefiting from niche expertise in corporate debt venture financing. A ‘clear star’, Shing Lo is rapidly gaining market recognition as a result of her ‘excellent understanding of the tech start-up arena’, while at associate level, the 'incredibly responsiveMark Rundall is central to the team’s growing corporate venture offering.

Responsables de la pratique:

Struan Penwarden

Les références

The firm has the legal expertise and keen understanding of the industry in various European countries.

The team provides a responsive and pragmatic service.

Struan Penwarden is one of the most tenacious lawyers around: he is fierce in his defence of his clients, yet always commercial in his approach.

Shing Lo has an unwavering work ethic, is very commercial, and boils down complex issues very quickly.

Shing Lo is razor-sharp.

Mark Rundall is a safe pair of hands and is extremely bright, experienced and hardworking.

Principaux clients

Albion Capital




Horizons Ventures

Index Ventures

Korea Investment Partners

RT Capital Management

Sony Innovation Fund

Verifly Holdings


Samaipata Ventures

Ingenious Capital Management

Columbia Lake Partners


Immersive Labs

Principaux dossiers

  • Advised long term client Darktrace, a machine-learning cyber security company, on three separate investment rounds in 2018, including on its $50m Series E fundraise led by European private equity firm Vitruvian Partners with participation from existing investors KKR and TenEleven.
  • Advised Horizons Ventures on multiple investments, including its lead investment in the $25m Series B round of Synthace Limited.
  • Acted for Ingenious Capital Management on multiple investments via its recently launched Infrastructure Ventures EIS Service.
  • Advised Korea Investment Partners on its Series A(3) financing round for Vaccitech Limited with participation from GeneMatrix.
  • Advised Immersive Labs, a British cyber security firm, on its £4.7m investment from Goldman Sachs.

Orrick, Herrington & Sutcliffe (UK) LLP

Benefiting from 'vast market experience and knowledge across a wide range of investment sizes' by dint of its prolific activity in the venture capital space, Orrick, Herrington & Sutcliffe (Europe) LLP's five-partner London team provides 'tremendous insight and commerciality' to tech-focused investee companies seeking to raise finance. Headed by the 'exceptionalChris Grew, one of four US-qualified lawyers in situ in London, and also able to leverage the firm's market-leading Silicon Valley office, the team is well-positioned to provide a very flexible service which is conversant with both UK and US market norms and trends. Although he is stage agnostic, Grew has recently handled numerous later stage mandates for 'unicorn' tech-based companies, including fintech company Revolut on its $250m Series C financing round. Although it remains best known for company-side work, the team continues to grow its investor client base, helped in no small part by the efforts of Ylan Steiner, who regularly handles work for clients including Vitruvian Partners. Associate Jamie Moore has a burgeoning reputation in the market, particularly in relation to fintech and AI.

Responsables de la pratique:

Chris Grew

Autres avocats clés:

Ylan Steiner; Shawn Atkinson; Jamie Moore

Les références

Through its market knowledge they are able to bring a wealth of insight to discussions and negotiations, and this really helps to drive solutions during a fund raise.

Unique due to specific focus and deep domain knowledge around venture capital (all stages from early to very late stage).

Chris Grew and Jamie Moore are both exceptional lawyers, who are able to  translate complex concepts into simple, easy to understand language.

Shawn Atkinson is brilliant.

Principaux clients

Anterra Capital


Battery Ventures

Bench Walk

Bessemer Venture Partners

BMW i Ventures

Coatue Management

Currency Cloud

Eastnine Studios Limited

Egress Software Technologies

Eight Roads Ventures

EQT Ventures

Fat Lama Inc.

Goodwater Capital


Kennet Capital

Kinnevik Under

Permutive Inc.

Piton Capital

Property Finder International

Property Partner

Quortus Limited


Salesforce Ventures

Sprints Capital



TransferGo Inc.


United Ventures SGR

Vitruvian Partners

Vostok Emerging Finance

Weaveworks Inc.


Principaux dossiers

  • Advised Revolut on its $250m Series C financing round, bringing its post-money valuation to more than $1.7bn.
  • Advised leading AI chipmaker Graphcore on its $200m Series D funding round, bringing its post-money valuation to $1.7bn.
  • Advised Stripe and Goodwater Capital on an £85m Series E financing, led by General Catalyst, into UK-based challenger bank Monzo.
  • Advised London-based, a cloud-based software integration platform, on its $14.3m Series A1 financing round led by GGV Capital.
  • Advised Vitruvian Partners as the lead investor on Darktrace’s $50m Series E financing round at a pre-money valuation of $1.6bn.

Osborne Clarke LLP

Benefiting from 'extensive experience in the market', Osborne Clarke LLP provides 'a very high standard of work' for investors and investees throughout the venture capital funding lifecycle. With offices across Reading and Bristol, as well as London, the five-partner team is deeply immersed into the venture capital ecosystem in core UK locations, and is particularly noted for later stage venture and growth capital funding rounds within the technology, financial services, renewable energy and life sciences sectors. Splitting his time between London and Reading, team head Robert Wood provides 'excellent commercial analysis' to investors and investees and regularly leads on the most significant mandates handled by the team. 'Hardworking and knowledgeable' Bristol-based partner Simon Jones  is particularly accomplished at handling work in the digital business sector, while Akmal Ghauri's expertise within the venture debt space rounds out the practice, enabling the firm to offer both debt and equity expertise to its extensive venture capital client base.

Responsables de la pratique:

Robert Wood

Les références

The team is committed to providing an excellent service.

The team has long-held and detailed knowledge of the complex corporate arrangements and characters.

The team delivers a high standard of work in a suitably commercial way.

Robert Wood has excellent commercial analysis and is able to cut through the unimportant details to focus on the key levers affecting both sides’ decision-making and ability to get a deal done.

Principaux clients

Deutsche Telekom Capital Partners

Foresight Williams F1

Highland Europe

Goldman Sachs

firstminute Capital


Disruptive Capital

PROFounders Capital


Community Fibre

Allbright Group

Oxford Photovoltaics

Prodigy Finance

YoYo Wallet

Principaux dossiers

  • Advised Deutsche Telekom Capital Partners on its £15m Series B investment into Cellwize, a global leader in mobile network automation and orchestration.
  • Advised Community Fibre on its £25m Series B investment from the National Digital Infrastructure Fund.
  • Advised the Goldman Sachs Principal Strategic Investments group on leading on the £13m Series A funding round in Eigen Technologies.
  • Advising Highland Europe on an investment in Huel.
  • Advised YoYo Wallet on a $30m partnership/venture equity agreement with Hard Yaka.

Taylor Wessing LLP

With ten partners focused on corporate technology matters out of London and Cambridge, as well as its ability to tap into the expertise of the firm's notable IP offering, Taylor Wessing LLP maintains its position as 'one of the pre-eminent venture capital firms'. Strong on both investee and investor-side mandates (from early-stage financing rounds through to later stage fundings) and also able to handle exits (either through IPOs or trade sales), the firm has an 'excellent perspective' on trends in the market. It has been particularly active of late in relation to artificial intelligence (AI), fintech and gaming matters and continues to act for high-profile challenger bank Monzo on all of its fundraisings to date, including its recent Series E financing round. Team head Adrian Rainey  led on the aforementioned matter and is a key member of the team that also includes several other high-profile practitioners, including Angus MilnJosef Fuss  is gaining a strong reputation in the market, in particular for digital health and AI matters with an international dimension, while at associate level, Cambridge-based Adam Thatcher is also noted.

Responsables de la pratique:

Adrian Rainey

Principaux clients





Cambridge Innovation Capital

Index Ventures


Kinosis Limited (t/a Touch Surgery)

Sequoia Capital

Backed VC

Babylon Health

Hi Bob



Index Ventures


Thought Machine

Principaux dossiers

  • The firm has advised Monzo since its inception and on all of its fundraisings to date, the most recent being on its Series E funding round led by new investors General Catalyst and Accel, with participation from existing investors Passion Capital, Stripe, Goodwater, Thrive Capital and others.
  • Advising the banking app Monese on raising $60m in a Series B funding round.
  • Advised Google Ventures on its lead Series B investment into Swiss-based company Scandit alongside other existing and new investors.
  • Advised CMR Surgical on its Series B fundraising of £72m from new investor Zuig, and existing investors Escala, CIC, LGT and Watrium.
  • Advised Thought Machine, a UK-based fintech company, on its strategic partnership with Lloyds Banking Group, and Lloyds’ participation in Thought Machine’s £18m Series A round financing.

Marriott Harrison LLP

Benefiting from 'strong venture capital market and transaction experience', Marriott Harrison LLP provides 'pragmatic and commercial' advice to a primarily investor-focused client base engaged in seed and Series A financings. Now headed by the 'trustworthy and personableDavid Strong following Andrew Wigfall's departure in the middle of 2018 to Balderton Capital, the team has been particularly active of late handling work in the fintech space, including its recent work for Thrive Capital on its investment into Monzo as part of its recent £85m Series E fundraising (a deal which is also emblematic of the team's growing presence in later stage mandates). Although the team is better known for its investor practice, Daniel Jacob provides 'very clear advice' to to many early-stage companies.

Responsables de la pratique:

David Strong

Les références

The team is very straightforward to deal with and understands how to support commercial discussions.

Jon Sweet and David Strong are very good at managing and structuring transactions.

David Strong provides a consistently fast turnaround and is not overly “lawyerly”.’

Jonathan Leigh Hunt is particularly competent and helpful.

Ben Devons is unflustered and a consummate professional.

Principaux clients

Accel Partners

Balderton Capital

Mobeus Equity Partners


Kindred Capital

Frontline Ventures

Thrive Capital

Maven Capital Partners

Chiltern Capital




Edge Investments

Principaux dossiers

  • Acted for Thrive Capital on its investment into Monzo as part of the latter’s recent £85m Series E fundraising.
  • Advised Mobeus Equity Partners on its investment into Grow Kudos, a cloud-based toolkit to help authors of scholarly content explain and share their publications.
  • Advised longstanding client Vinted on its Series D fundraising led by Sprints Capital.
  • Advised Balderton Capital on its £6.8m Series A investment into Cleo AI Limited.
  • Advised Accel Partners on its Series A investment into Humio, a start-up that provides a real-time log analysis platform for on-premises and cloud infrastructures.

Shoosmiths LLP

Headed by the 'excellentAlastair Peet from the firm's Birmingham office and also including support from across London, the Thames Valley and Leeds, Shoosmiths LLP's seven partner-team provides 'commercial and highly supportive' advice to an ever-expanding roster of investor clients, from early-stage investment through to late-stage funding. The firm remains one of Octopus Ventures' go-to teams, both on its new and follow-on investments, as well as exits. On early-stage matters clients also appreciate the firm's knowledge of the Enterprise Investment Scheme (EIS) process, where it is able to draw upon the expertise of EIS tax expert Tom Wilde. From the London office, Steve Barnett  acts for a growing roster of investee clients, including cloud-based software developer Matillion, which he recently advised on a $35m Series C fundraising.

Responsables de la pratique:

Alastair Peet

Les références

The team is very personable, commercial and highly supportive.

Alastair Peet has an excellent reputation in the venture capital market.

Sanjeev Sharma is very diligent and focuses on the key issues.

Principaux clients

Matillion Limited

NVM Private Equity

Downing LLP

Amber Digital (fund manager of the National Digital Infrastructure fund)

Maven Capital Partners UK

Business Growth Fund / BGF Investments Limited/ BGF Ventures

Accelerated Digital Ventures

Octopus Ventures / Octopus Investments

Gresham House

Oxford Capital Partners

Hambro Perks

Triple Point

Principaux dossiers

  • Advised Accelerated Digital Ventures on its participation in the $4.5m Series A financing of Altitude Angel.
  • Advised Downing LLP on its investment in Rated People.
  • Advised Amber Digital on multiple investments made by its managed fund the National Digital Infrastructure Fund for a combined deal value of £63m.
  • Advised BGF Investments on its £3m investment in TIGL Holdings.
  • Advised ONI on its Series B investment led by Oxford Sciences Innovation (which is itself backed by Google Ventures, Invesco and others) and also involves eight other investors.

Withers LLP

Withers LLP has a nascent capability in the venture capital arena as a result of its merger in August 2018 with boutique UK tech law firm JAG Shaw Baker. The resultant seven-partner offering draws upon the strengths of the legacy firm, particularly for early-stage company side work within the fintech and AI space, and enhances the offering as a result of the ability to leverage significant complementary practice areas including IP and commercial, as well as international offices in the US and Asia. James Shaw  and Erika McIntyre  jointly head the seven-partner team that also includes very well-respected US and UK-qualified partner Tina Baker, whose recent work included advice to London-based open source security company Snyk on its $22m Series B venture funding round led by Accel.

Responsables de la pratique:

James Shaw; Erika McIntyre

Principaux clients

Festicket Ltd

Arachnys Information Services

Synk Ltd

CloudNC Ltd


ING Bank

Arkema Limited

Northzone VIII LP

Fraugster Limited


Principaux dossiers

  • Advised Festicket Ltd on its $10.5m Series D venture funding round.
  • Acted for risk intelligence start-up Arachnys on its $10m Series A venture funding round led by QED Investors, alongside other investors.
  • Acted for London-based open source security company Snyk on its $22m Series B venture funding round led by Accel.
  • Acted for London-based AI software company CloudNC on its £9m Series A venture funding round led by Atomico.
  • Acted for ING Ventures (the venture vehicle of ING Bank) on its £5m Series A investment into London-based fintech/lendtech business Funding Options.    

Ashfords LLP

With six partners focused on venture capital matters, primarily out of the firm's Bristol headquarters, Ashfords LLP is well placed to handle work for an impressive roster of investor clients engaged in financings across the investment lifecycle within the technology sector. Able to draw from a vast pool of transactional experience, co-heads Chris Dyson and Andrew Betteridge are regularly engaged in the most significant mandates handled by the team, including regular mandates for national and international funds in large-scale syndicated investment rounds. The heavily investor-leaning practice of Dyson and Betteridge is now balanced with the company-side practice of London-based partner Giles Hawkins, who has effectively built up this aspect of the practice following his arrival in 2016 from Orrick, Herrington & Sutcliffe (Europe) LLP. Jocelyn Ormond joined the team from Simmons & Simmons in November 2019.

Responsables de la pratique:

Chris Dyson; Andrew Betteridge

Les références

The team is particularly strong at handling early-stage investments.

‘The outstanding Jocelyn Ormond has the ability to cut straight to the solution rather than dwelling on a problem.’

Principaux clients


Episode One Ventures


Notion Capital

WhiteHat Group



Mush Limited

Local Globe

Frog Capital

Oxford Capital Partners

Guinness Asset Management

Principaux dossiers

  • Advised Notion Capital, Eden Ventures and BGF Ventures on the $350m sale of cloud service company NewVoiceMedia to New York Stock Exchange-listed Vonage.
  • Advising BGF Investment on a £3m investment in Ruroc Global Holdings and an associated purchase of certain shares from individual shareholders.
  • Advised Whitehat Group Limited on its Series A $4m investment by Silicon Valley investor Lightspeed Venture Partners with participation from Village Global, ShopTalk and Money 20/20 founder Anil Aggarwal, and British tech entrepreneur Wendy Tan White.
  • Advising Oxford Capital Partners on a seed investment round in Juggle Jobs Limited.
  • Advising Eden Ventures (UK) Limited, Notion Capital Partners 2 LLP & MMC Ventures Limited on an investment round in Brightpearl Limited.

Brown Rudnick LLP

Working closely with practitioners from the firm's IP and commercial teams, as well as being able to leverage the expertise of lawyers based in the US, Brown Rudnick LLP is particularly well versed in representing investors and investees in the life sciences, technology and cleantech fields across the investment lifecycle. Dual US- and UK-qualified team head Mark Dorff  has a longstanding reputation in the venture capital space, particularly in relation to cross-border mandates. Sophie McGrath  joined Goodwin in November 2018.

Responsables de la pratique:

Mark Dorff

Autres avocats clés:

Nicholas Vasquez; Mark Lubbock; Peter Wozny

Principaux clients

Flowerbx Limited

Funeralbooker Limited

LGT Venture Philanthropy

Highland Europe (Keli)

Highland Europe (Incopro)

Highland Europe and True Capital (Zwift)

Sora Risk Solutions


Principaux dossiers

  • Advised Flowerbx Limited on its  pre-Series A fundraising round to raise up to £4m for working capital expenditure.
  • Advised European tech venture capital investor Highland Europe on its growth equity investment in Incopro, an international brand protection and anti-counterfeit company based in the UK.
  • Acted for Materialize.X Ltd on various funding rounds, taking the lead on drafting and negotiating all documentation including the subscription and shareholders’ agreement and articles of association.
  • Advising Highland Europe and Europe’s focused retail and consumer specialist investor True Capital on its growth equity investments in Zwift, a home training game connecting cyclists around the world.
  • Advising LGT Venture Philanthropy on its Series F-2 investment into M-Kopa, a solar energy company providing solar energy in Kenya as an alternative to kerosene.


CMS handles a considerable volume of deals for investees and investors at seed, Series A and follow-on investment rounds, in addition to lower/mid-market private equity mandates in the technology, energy and healthcare sectors. The 'excellent' John Finnemore  jointly heads the team along with Anthony Waller, and is particularly well versed at handling early stage transactions for both investors and investees. The team is also regularly involved in deals involving a Central and Eastern European angle by virtue of its strong presence in the region.

Responsables de la pratique:

Anthony Waller; John Finnemore

Les références

The team has a deep understanding of changes in the industry and experiences with all the market stakeholders.

Principaux clients

AdoRx Therapeutics

Advance Venture Partners


Unmortgage Properties

Brighteye Ventures

Yellow Line Parking

Hoop Industries Limited

Iotic Labs


Principaux dossiers

  • Advised fast-growth proptech business Nextday Property, trading as Nested, on an investment funding round.
  • Advised fast-growth ecommerce disruptor Lyst on an investment by multinational luxury goods conglomerate LVMH.
  • Advised Brighteye Ventures  on an equity investment of £1.6m in Tech Will Save Us.
  • Advised AdoRx Therapeutics Limited, a UK-based drug discovery company, on a £6m Series A investment by Epidarex Capital and Cancer Pioneer Fund.
  • Advised Advance Venture Partners on its lead investment in the $15.4m Series B fundraise by Clippings Limited, the London-based interior decoration start up.

Harbottle & Lewis LLP

Led by the 'solutions-orientedTony LittnerHarbottle & Lewis LLP's 'cohesive and collaborative' three-partner team is particularly well versed at handling mandates for entrepreneurs within the technology and media space, where it is able to provide a 'comprehensive service' by virtue of its interdisciplinary approach which often draws in experts from the IP and broader tech teams. Although the team is traditionally better known for its company-side work, it is increasingly active for investors, which include traditional venture capital funds, as well as corporate venturers, including GMG Ventures.

Responsables de la pratique:

Tony Littner

Autres avocats clés:

Tom Macleod

Les références

Lawyers within the team work exceptionally well together.

Tony Littner has fantastic skills and is always thinking ahead when offering a solution.’

Principaux clients


Think Jam


GMG Ventures



Inskin Media

Smart Pensions

Principaux dossiers

  • Advised Futrli, a fast-growing cloud-based business decision-making platform, on its £4m Series A funding raise from leading venture capital companies, Notion Capital and firstminute Capital to fuel aggressive growth and innovation.
  • Advised entertainment marketing agency Think Jam on a multimillion-pound strategic partnership with Dorfman Media Holdings.
  • Advised Earlybird on its lead investment in Lexoo, the legal tech start-up helping companies rapidly identify and obtain cost-effective and transparent legal services.
  • Advised GMG Ventures on its lead investment in Signal Media, the artificial intelligence-powered decision-support platform, which was part of a $16m Series B round.
  • Advised Hopster, the preschool learning and entertainment app, on its new growth capital round led by existing strategic equity investor Sony Pictures Television Networks.

Penningtons Manches Cooper LLP

With three partners devoted exclusively to handling venture capital work, Penningtons Manches Cooper LLP's 'knowledgeable and responsive' team has the critical mass to handle an impressive and growing volume of mandates for a primarily investee-focused client base. With offices in London, Thames Valley, Cambridge and Oxford, the team has deep exposure to the venture capital ecosystem; benefiting from close links to a number of leading UK universities, it frequently advises on life sciences spin-out work. Although the firm remains better known for its investee-related work, it is also advising an increasing array of investors on their financings, as well as on work for their portfolio companies. The 'exceptionalJustin Starling jointly heads the team alongside Rob Hayes, and is particularly noted for his university-related technology transfer prowess.

Responsables de la pratique:

Justin Starling and Rob Hayes

Autres avocats clés:

Elizabeth Yell

Les références

Well placed in the Oxford area to provide excellent legal advice, with the ability to tap into its network of offices elsewhere and its international alliance as necessary.

The team is extremely committed, focused, responsive, knowledgeable and insightful and has a wonderfully modest and respectful style.

Justin Starling is supremely articulate, understated and excellent in the way he engages lawyers from the other side.

Rob Hayes is very knowledgeable about venture financing and provides good legal and commercial advice.

Elizabeth Yell is exceptional.

Principaux clients

Enterprise Therapeutics

Kandy Therapeutics

MedPharm Limited

Ultromics Limited

Grey Wolf Therapeutics

Oxford Vacmedix UK

Preservica Limited

Brainomix Limited

Concirrus Limited

Silicon MicroGravity Limited

Principaux dossiers

  • Advised Brighton-based Enterprise Therapeutics on the closing of a £29m Series B funding round.
  • Advised Kandy Therapeutics, a clinical-stage women’s health company, on its Series C funding round.
  • Advised Guildford-based MedPharm Limited on a growth equity investment from private equity firm Ampersand Capital Partners.
  • Advised Oxford-based start-up Ultromics Limited on its Series A financing round of £10m with a £2m follow on led by Oxford Sciences Innovation.
  • Advised Grey Wolf Therapeutics on its £10m Series A investment by US investor Canaan Partners and French investor Andera.

Baker Botts (UK) LLP

Combining significant corporate expertise in highly regulated sectors including energy, healthcare, life sciences and financial services with overarching IP prowess, Baker Botts (UK) LLP is well placed to provide 'strong and knowledgeable advice' on venture capital-related matters for start-ups and investors. Led by the 'business savvyNeil Foster, the two-partner team's real sweet-spot, however, lies in work on behalf of the growing corporate venture market, with notable clients in the space including ABB Technology Ventures - the venture capital unit of Sweden and Switzerland-based global corporation ABB Group.

Responsables de la pratique:

Neil Foster

Autres avocats clés:

Tim Davison; Sarah Melaney

Principaux clients

ABB Technology Ventures

AV8 Ventures


Gin Platform

Recycling Technologies

Green Running

Aviva Ventures

Ananda Social Venture Fund

The Faraday Grid

Better Points

Global Processing Service

Principaux dossiers

  • Advising Global Processing Services on its £44m acquisition by Dunedin Partners.
  • Advising ABB Technology Ventures on its Series B financing for Automata, a company focused on affordable robotic automation.
  • Advising AV8 Ventures on a Series A investment in Hometree, the online sales-led boiler installation service.
  • Acting for Zap&Go on its bridge financing round.
  • Acted for Recycling Technologies on two large fundraisings on Crowdcube.

Browne Jacobson LLP

Although it has significantly enhanced its investor client base in recent years, Browne Jacobson LLP's core strength lies in acting for investees throughout their investment lifecycle. The firm's 'flexible, proactive and commercial approach' is underscored by its innovative 'Grow' programme, which has successfully attracted a base of early-stage disruptive tech clients, providing them with ongoing legal support as well as the provision of fixed-fee rates for more substantive legal queries. London-based partner Jon Snade  has been instrumental to the evolution of the 'Grow' product and has cultivated numerous clients within the insurtech space as a result of it. Birmingham-based partner Mike Jackson is noted for his work for both investors and investees across a range of sectors, including automotive technology.

Responsables de la pratique:

Richard Cox (Corporate head)

Autres avocats clés:

Jon Snade; Mike Jackson

Les références

The firm’s ‘Grow’ programme is a massive benefit to start-ups.

Very cost-effective compared to others in the market.

The firm has impressive credentials in the insurtech space.

Jon Snade is responsive, measured and efficient.

Principaux clients

Enro Holdings Limited (T/A Digital Risks)

Eos Venture Partners

Laka Ltd

Next Fifteen Communications Group plc

Coconut Platform Limited (T/A Coconut)

GetAgent Limited

Mercia Technologies

Mobeus Equity Partners

Foresight Williams

Digital Fineprint Limited

Principaux dossiers

  • Advised Digital Risks on its £2.25m investment round led by  Concentric, with participation from Atami Capital, Seedcamp, London Co-Investment Fund and Beazley.
  • Advised Eos Venture Partners on its participation in a £5m investment round into Concirrus Ltd.
  • Advised crowd insurance pioneer Laka on its £1.1m seed round.
  • Advised Next Fifteen Communications Group plc (Next 15) on its follow-on investment in Phrasee, the London-headquartered marketing technology company, as part of a $4m Series A investment round led by Albion Capital.
  • Advised fintech company Coconut on a £1.8m round of funding on the crowdfunding platform Crowdcube.

Covington & Burling LLP

Benefiting from an 'exceptionally deep understanding of the biotech and pharmaceutical industries', Covington & Burling LLP excels in acting for funds, corporate venturers and emerging companies in these sectors - where clients also benefit from access to 'very deep US resources. The firm's expertise runs the gamut across the investment lifecycle, from early-stage financing rounds through to later-stage funding, as well as in relation to exit strategies - via either a trade sale or IPO. James Gubbins has an excellent reputation for life sciences-related venture capital work; he recently advised Crescendo Biologics on its £50m Series B investment round - one of the largest Series B financings for the European biotech sector in 2018.

Responsables de la pratique:

Gregor Frizzell (EMEA corporate head)

Les références

James Gubbins is pragmatic and good at getting on with the deal.

James Halstead is exceptionally intelligent.

Principaux clients


Benevolent AI Limited

Crescendo Biologics Limited

GammaDelta Therapeutics Limited

Sofinnova Partners

SV Health Investors

Syncona Investment Management Limited

Principaux dossiers

  • Advised Crescendo Biologics Limited on its £50m Series B investment round.
  • Advised BenevolentAI Limited on an £80m equity investment by institutional and family office investors.
  • Advised emerging company GammaDelta Therapeutics on its acquisition of Lymphact – Lymphocyte Activation Technologies.
  • Advised B.E.S.T. Funds on its equity investment in UK-based Trak Global Group, a global leader in automotive telematics.
  • Advised Sitryx Therapeutics, a new biopharmaceutical company, on a syndicated funding round comprising GlaxoSmithKline, SV Health Investors, Sofinnova and Longwood.

Gowling WLG

Led out of London by Ian Piggin and also able to tap into the expertise of numerous Birmingham-based practitioners, Gowling WLG provides an 'excellent service' to funds, corporate venturers and investee companies, particularly as it pertains to deals within the healthcare/life sciences, technology and energy sectors. Although it is active across the investment lifecycle, the firm is perhaps best-known for its early-stage work, where it is able to provide a cost-effective service to start-up companies utilising the firm's 'Jumpstart' programme, which provides packaged advice (in key areas such as HR, IP, corporate governance, data protection) and template documents.

Responsables de la pratique:

Ian Piggin

Autres avocats clés:

Kris Rogers; Neil Hendron; Stephen Bowman

Principaux clients

Business Growth Fund

Draper Esprit

Epidarex Capital


ReBound Returns

Principaux dossiers

  • Acted for Epidarex Capital as an investor in the Series A2 fundraising round in respect of Nodthera Limited.
  • Advised ReBOUND on a multimillion-pound funding investment from equity capital investor BGF, boosting the company’s expansion into new markets globally.
  • Advised everyLIFE Technologies on an investment by Robin Batchelor and an open offer to existing shareholders.
  • Advised Draper Esprit on its second Series A funding of Pod Point.
  • Advised Toob Limited and its management team on the £75m fundraising from the National Digital Infrastructure Fund.

Mills & Reeve LLP

Mills & Reeve LLP has a strong pedigree in the local Cambridge market and beyond, where investors and investees appreciate the firm's 'pragmatic and proactive approach' to getting deals done. As well as executing transactions for clients, the firm is also regularly engaged in structuring venture capital funds, which often provides an entry into the pursuant transactional work. 'Highly knowledgeable and influential' team head Zickie Lim has a particular niche in relation to university spin-out mandates.

Responsables de la pratique:

Zickie Lim

Autres avocats clés:

Pippa Pearce; Dona Ardeman; Tom Causer

Les références

The team is pragmatic and realistic about timelines which helps facilitate a smooth investment process.

Zickie Lim is very impressive.

Principaux clients

Mercia Technologies

Enterprise Ventures

Mercia Fund Management Limited

IQ Capital Partners

Livingbridge Services

UCL Technology Fund / Albion Capital

Midlands Engine Investment (Proof of Concept) Fund

Parkwalk Advisers


Sphere Fluidics

Principaux dossiers

  • Advised Mercia Technologies on its direct portfolio investments on a total of 23 investments and follow-on investments in 2018.
  • Advised longstanding client IQ Capital Partners on the set-up and launch in 2018 of its latest £125m Enterprise Capital Fund, IQ Capital Fund III LP, which had its first close at £92m.
  • Advised Livingbridge Services on its emerging stakes investments by its Baronsmead VCTs in four businesses, namely Munneypot, Moteefe, Labrador and Pointr.
  • Advised Healthera on its £3m funding round from investors Accelerated Digital Ventures, Cambridge Enterprise Seed Funds and Future Care Capital.
  • Advised IQ Capital on its follow-on investment in existing portfolio company Fluidic Analytics as part of a £23.9m fundraising.

Taylor Vinters

Cambridge-based firm Taylor Vinters has a 'very credible practice' advising regional start-ups in IP-rich industries, including technology and life sciences. Although the team remains focused on handling work in the Cambridge market, it has in recent years successfully broadened the scope of its practice to include advising London-based investors and investees. Charles Fletcher has a 'strong reputation in the market', while Nicole McConville joined from Penningtons Manches Cooper LLP.

Burges Salmon LLP

Led out of the firm's Bristol headquarters by Mark ShepherdBurges Salmon LLP handles a significant amount of venture capital work for both investors and investees as a function of its broader private equity offering. Active in mandates across all stages of the investment process and in particular sector strengths of the firm as a whole, including energy and education, the team also benefits from the ability to leverage the firm's private client pedigree - of particular use in relation to early-stage investments on behalf of ultra-high-net-worth angel investors and their family offices.

Responsables de la pratique:

Mark Shepherd

Les références

The firm’s expertise in the education/apprenticeship sector is extremely strong.

Richard Spink has a measured approach and is excellent to work with.

The calm and effective Tim Roberts is a highly capable player in complex deals.

Principaux clients

Beechbrook Capital

Mobeus Equity Partners

LDC (Managers) Limited


Octopus Investments Limited

Ingenious Investments

Bridges Fund Management

Causeway Capital

Principaux dossiers

  • Advising BGF on its investment into UK-based engineering design company Hydrock.
  • Advising Causeway Capital, a Dublin-based venture capital fund, on its investments into online fashion retailer ‘In The Style’ and the bolt-on acquisition by Bakers + Baristas of DJ&C Foods – the client’s first-ever investments in UK businesses.
  • Advising Ingenious Capital on the disposal of four ground-mounted solar project SPVs held by EIS investors to one of two funds also managed by Ingenious.
  • Advising Octopus Group on its ground-breaking funding of new zero-emission Jaguar I-Pace vehicles at Heathrow Airport, a major project that will enable their rollout as part of the airport’s commitment to reducing emissions.
  • Acting for Forsa Energy, an alternative energy company backed by power-focused venture capital firm Riverstone, on the acquisition of the entire-issued share capital of Hartgen Limited and subsequently of NG CM 2017 Limited.

Charles Russell Speechlys LLP

As part of the firm's overarching private equity capabilities, Charles Russell Speechlys LLP handles a significant amount of work for venture and growth capital investors, as well as investees, across the spectrum of the investment lifecycle (where clients also benefit from the ability to leverage the expertise of lawyers with complementary practice area knowledge in tax, IP and finance). Tapping into the firm's private wealth prowess, the team also has strong market traction among the growing family office investor class, as well as for high-net-worth individuals on their venture capital investments. Chris Putt is a key member of the team whose range of expertise includes traditional venture capital work, as well as venture debt matters. Putt has recently handled numerous matters for Kreos Capital, including its €20m investment in Dutch biopharmaceutical company Kiadis Pharma.

Autres avocats clés:

Rebecca Burford; Mark Moncreiffe

Les références

The firm provided invaluable assistance to us on our first go at raising seed capital funding.’

Principaux clients

Kreos Capital

Bestport Ventures

Shore Capital

IDG Capital

Business Growth Fund

Mobeus Equity Partners

Ace & Co


Zeal Networks SE


Principaux dossiers

  • Advising Kreos Capital on its €20m  investment in Dutch biopharmaceutical company Kiadis Pharma.
  • Advised Kreos Capital and Silicon Valley Bank on the £20m syndicated growth capital investment in Mereo BioPharma Group plc.
  • Advised Mobeus Equity Partners on its investment in SuperCarers, an online healthcare platform addressing the acute UK care crisis.
  • Advised Apex, an innovative airspace property developer, on an investment by BGF.
  • Advised Kreos Capital on its growth capital investment in JenaValve Technology.

Cooley (UK) LLP

Able to tap into the expertise of the firm's US offices (including a significant Silicon Valley offering) as well as benefitting from practitioners based in London with UK and US expertise, Cooley (UK) LLP excels in deals that involve a transatlantic component. Recent highlights include advising Accel and General Catalyst as lead investors in UK digital bank Monzo’s £85m fund raising. As well as the firm's transactional expertise, clients also benefit from the firm's impressive IP expertise.

Deloitte Legal

Led by Charles ClaisseKemp Little LLP has a strong following among investors and management teams in the technology and digital media space in relation to private equity and growth/venture capital mandates. By dint of the firm's overarching sectoral focus on work in the space, it is able to provide very 'knowledgeable and appropriate advice' across niche areas including big data, fintech, edtech, AI and robotics. Although the firm is active across the investment lifecycle, it has recently handled numerous exits including for the shareholders of venture-backed business Dealflo on its sale to NASDAQ-listed Vasco.

Responsables de la pratique:

Charles Claisse

Les références

Charles Claisse is an excellent technical lawyer who goes the extra mile for his clients.

Principaux clients




Kimble Applications

Arrow MobileCommunications


Four Seasons Ventures


Principaux dossiers

  • Advising the management team of Primesight Limited on its sale to Global Media, the owner of Capital, LBC and Classic FM radio stations.
  • Acting for the shareholders of Dealflo on its sale to NASDAQ-listed Vasco.
  • Acting for Quantexa, a data analytics company, on its Series B investment.
  • Acting for Visulytix Limited – a provider of AI systems which augment the workflows of clinical decision-makers – on its Series A fundraising and subsequent  follow-on investment.
  • Advising Kimble Applications, the global leader in professional services automation, on the sale of a significant shareholding to Accel-KKR, a leading Silicon Valley technology-focused investment firm.


Dentons, which has a growing focus on venture capital work in London, is now also better placed to handle matters outside the capital on the back of of its 2017 merger with Scots firm Maclay Murray & Spens, and the team is gaining increased market traction for a balanced mix of investor and investee clients. Afforded significant bandwidth by virtue of being able to key into complementary practice areas including IP, tax and corporate, and also able to leverage the expertise of venture capital practitioners in key locations globally (including the US, Singapore, France and Germany), the team has the capacity to provide a comprehensive and holistic service, irrespective of location. London-based team head Joseph Altendorff is a key name for founder-led and management-owned businesses throughout their growth cycle to IPO or exit.

Responsables de la pratique:

Joseph Altendorff

Les références

The overall team is extremely forward-thinking with its approach to venture capital.

It is active in the ecosystem, knows all the key players, adds tremendous insights from Silicon Valley and, overall, is very pragmatic on fee arrangements for earlier stage companies or situations.

Joseph Altendorff is a young partner but clearly marked out for the very top of the profession.

Justin Hill’s ability to absorb large quantities of highly technical information and then to distill it into something manageable is second-to-none.

Principaux clients

Scottish Equity Partners

Yellow Brand Protection

Atom Bank

Altec, Inc


MTGx Investments

Jaja Finance


Naked Energy


Hybrid Air Vehicles

Display Data


Principaux dossiers

  • Advised Beijing-headquartered Goldwind, one of the world’s largest wind turbine manufacturers and corporate venture investors, on its subscription for shares in the capital of Oxford Photovoltaics Limited.
  • Advised Yellow Brand Protection, the legaltech company that has developed a software that systematically scans the internet for suspected counterfeit sales, on US, UK, Italian and Chinese law in relation to venture advice on its acquisition by Corsearch.
  • Advised Alec Inc. on the terms of its proposed Series B investment in IH Holdings International Limited.
  • Advised Oculis, a clinical stage biopharmaceutical company, on its Series B fundraising.
  • Advised on challenger bank Jaja Finance’s £5m crowd funding investment.

Dorsey & Whitney

Led by Frances Doherty, the 'very responsive' team at Dorsey & Whitney has a significant pedigree on behalf of investors and investees in the technology sector. Able to tap into complementary practice areas within the firm, including IP, tax and finance/restructuring, the team provides a holistic and comprehensive service from early stage investment through to exit. The firm's strong international presence in Asia and North America (in particular a Silicon Valley office) ensures that it is comfortably able to handle cross-border mandates.

Responsables de la pratique:

Frances Doherty

Principaux clients

Matrix Mill

Be Rota Limited

Adhunter Limited

Open Ocean Capital Oy

Fuel 3D Technologies

Vertex Venture

Management PTE Ltd

Predina Tech Limited

Oxsensis Limited

Mapstand Limited

Isansys Lifecare Limited

Principaux dossiers

  • Represented Matrix Mill, a UK company, in its sale to US company Niantic, Inc.
  • Represented Adhunter (t/a Adzuna) in its Series C Fundraising by Smedvig Capital.
  • Advised Open Ocean on its follow-on investment in LoopMe as part of a $17m investment led by BGF.
  • Acted for Mapstand Limited in a strategic portfolio investment by investors in the company.
  • Acted for Open Ocean Capital Oy in a strategic portfolio minority investment in Passfort.

Reed Smith LLP

Aided by practitioners from the firm's broader corporate and capital markets practices, the 'very responsive and thorough' team at Reed Smith LLP advises investees and investors across the funding lifecycle through to a potential IPO or trade sale (where it also benefits from the ability to leverage its international network, particularly the US offices). The 'calm and rationalMichael Young handles a significant amount of venture capital work as part of his broad-ranging corporate and commercial practice which focuses on the media and technology and financial services sectors.

Responsables de la pratique:

Michael Young

Autres avocats clés:

Stephen Mooney

Les références

Outstanding on all dimensions of corporate and commercial law.

Michael Young is very experienced at what he does and gives you, as a client, comfort that you are in safe hands.

Stephen Mooney’s work is always excellent.

Simmons & Simmons

Leveraging the firm's overarching IP, regulatory and asset management strengths, Simmons & Simmons is well-placed to advise investors and investees in funding throughout the investment continuum, particularly in relation to deals within the fintech, life sciences and TMT sectors. The firm's prowess and focus on fintech-related matters is underscored by its own FinTech fund, which was established in 2016 and provides free legal advice to start-up fintech businesses which are chosen by the firm as worthy recipients.

Responsables de la pratique:

Patrick Graves

Autres avocats clés:

David Parkes; Dan Whitewood

Les références

‘The firm runs a strong fintech practice.’

‘The team was spot on in its advice and could draw on deep expertise from previous fintech deals.’


Principaux clients

Legal & General


Illuminate Financial

Iksuda Therapeutics

YYX Capital Partners

Social Finance Limited

Principaux dossiers

  • Advised Legal & General in relation to its investment in WiredSCore, a rapidly growing property technology company and global leader in digital connectivity certification for commercial property.
  • Represented Augmentum on its investment in iwoca in a Series D funding round.
  • Advised Augmentum on its investment in fintech company Monese in a Series B round.
  • Advised specialist venture capital fintech investor Illuminate Financial on a $3m Series A funding round by international capital markets software provider Genesis Global Technology, alongside Tribeca Angels, a New York-based venture capital group.
  • Advised life sciences company Iksuda Therapeutics on follow-on funding.

Arnold & Porter

Forming a part of its wider corporate and private equity offering in London, Arnold & Porter's venture capital team regularly advises investors on  late-stage financings and exits. Jeremy Willcocks is often at the forefront of the most significant mandates handled by the team; he is particularly accomplished at handling life sciences-related matters, where he is able to tap into the expertise of a significant pool of IP experts.

Responsables de la pratique:

Jeremy Willcocks

Autres avocats clés:

Andrew Ross; Benjamin Kieft

Principaux clients

EMK Capital

Acuity Investments

Bregal Investments

Bluebird Capital

Diversis Capital

York Capital Management



Omega Healthcare Investors

OneView Group


Williams Lea Tag



Norgine B V

Vertex Pharmaceuticals

Association of the British Pharmaceutical Industry


Keystone Law

Operating under a business model which utilises sophisticated technologies but which incentivises practitioners to generate a strong workflow since their salary flows directly from it, Keystone Law has a number of well regarded venture capital practitioners who had 'cut their teeth' at several established traditional law firms and thereby have strong traction in the market. Formerly a partner at Marriott Harrison LLPDee Sian has excellent ties with numerous institutional investor clients, including Beringea and Calculus Capital, who she regularly advises on financings throughout the investment continuum.  The 'very knowledgeable and accessibleNadim Zaman has more of an investee focus to his practice.

Responsables de la pratique:

There are no team heads

Autres avocats clés:

Nadim Zaman; Dee Sian; Catherine Williams

Les références

The firm delivers advice in a personal and effective way.

Nadim Zaman has a unique ability to see and to vocalise my aims and objectives before I am fully aware of them.

Principaux clients

Open Cosmos

Calculus Capital


Lord Stanley Fink

WFL Media (DesignMyNight)

Shackleton Ventures

Buckland Capital

Hygea VCT Plc


Principaux dossiers

  • Advised space satellite startup Open Cosmos on its $7m Series A funding.
  • Advised Calculus Capital on its £2m investment in Oxford BioTherapeutics, a clinical-stage oncology company that is developing next-generation cancer treatments.
  • Acted for venture capital house Beringea and the other shareholders of Charterhouse Leisure, which trades as ‘Coal Grill & Bar’, on the sale by them of Charterhouse Leisure to Sunshine Capital.
  • Advised Calculus Capital on its £2.5m investment in fintech company Essentia Analytics, a leading provider of behavioural data analytics and consulting for professional investors.

Shakespeare Martineau LLP

Led out of London by Kavita Patel  and also benefiting from a strong presence in the Midlands, Shakespeare Martineau LLP's 'commercial and driven' team is adept at advising funds, including core client Foresight Group, on investments into high-growth businesses throughout the venture capital lifecycle. Particular areas of strength include advice on tax-related investments (including EIS mandates) and funding to businesses in the green-tech and clean-tech sectors.

Responsables de la pratique:

Kavita Patel

Les références

Approachable, friendly culture and really adept at getting the deals done.

Principaux clients

Foresight Group

Octopus Investments

Longwall Ventures

EW Cap Limited


Mobeus Equity Partners

Midven Limited

Principaux dossiers

  • Acted for Longwall as the lead investor of a syndicate of existing and new investors on a Series A investment in Oxford Space Systems, a leading innovator of deployable space antennas and structures.
  • Acted for Foresight in respect of a development capital investment in Sportlabs Technology Limited (t/a ClubSpark), a specialist software company serving participants, sports providers, national governing bodies and international federations.
  • Advised Foresight Group (as agent for the Foresight Midlands Engine Investment Fund) on the investment in Postworks Limited.
  • Acted for Foresight in respect of a development capital investment in Caphan Trading Limited (t/a The Childrens Furniture Company), a Milton Keynes-based firm specialising in children’s furniture across the UK.

Waterfront Solicitors LLP

Boutique technology firm Waterfront Solicitors LLP is well-placed to provide a partner-led service to start-ups and entrepreneurs, as well as a growing roster of investors, 'particularly when the work is not standardised, and senior judgement is required, since they do not face the same pressures as the large tech firms to push such work down to very junior associates'. As well as receiving direct instructions from clients, the team also picks up a significant amount of referral work from other law firms. Matthew Cunningham  is 'very effective' and heads up the team that was bolstered in September 2018 by the arrival of Angus Young from Morgan, Lewis & Bockius UK LLP.

Responsables de la pratique:

Matt Cunningham

Les références

‘I use this firm primarily to represent emerging companies (startups and scale-ups) although I am aware that they have a strong practice representing investors. I find them particularly useful where the work is not standardised, and senior judgment is required, since they don’t face the same pressures as the large tech firms to push such work down to very junior associates.

‘Both Matt Cunningham and Angus Young are effective, and attentive, corporate lawyers, and I routinely refer companies to them. Alison Berryman is similarly excellent on the commercial side.’

‘Great care on a professional and personal level to ensure that all points are thoroughly understood and addressed.’

‘Beyond the excellent services, Waterfront showed a real interest in the company and even attended on their own initiative one of the events that as a company/startup we participated.’

Principaux clients

Workable Technology Limited


Plandek Limited

Exseed Health Limited

Marathon Venture Capital Fund

Metavallon Venture Capital Fund

Find Invest Grow Limited / FIG Equity

New Model Venture Capital

Welcome Travel Technologies Holdings Limited (Welcome Pickups)

Realla Limited

Convibo Ltd (trading as Home Run)

Emoquo Limited

Principaux dossiers

  • Advised Workable Technology in relation to Series C investments in the company totalling $50m from Zouk, 83North, Balderton, Notion, TriplePoint and Endeavour Catalyst.
  • Advised Blueground Holdings on a $20m Series A-1 investment led by Venture Friends and including Endeavour Catalyst, Jabbar Internet and serial entrepreneur Kevin Ryan.
  • Advised Plandek on a $2.7m seed capital investment led by Perscitus LLP and a group of experienced private investors, including John Botts of Corsair Capital and the Vanneck EIS Club.
  • Acted for Exseed Health in relation to a seed capital investment of £700,000 led by corporate investor NMC Health, a healthcare chain and distribution business in the United Arab Emirates.
  • Advised Marathon VC in relation to its seed capital investments of $1m in (formerly Landoop) and $1.3m in Hack The Box.

White & Black Limited

Appreciated by clients for its 'consistently high service levels and comprehensive knowledge', Oxford-headquartered corporate and technology boutique White & Black Limited has significant penetration in the local market on behalf of investees and investors. Co-heads John Allen and Phil Riman provide a 'pragmatic approach to problems' and handle work across the investment lifecycle, often in relation to deals involving a cross-border complexion (either with UK/US or UK/Japanese nexus).

Responsables de la pratique:

John Allen and Phil Riman

Autres avocats clés:

Stephen Silvester; Suzanne Whiteman

Principaux clients

NVM Private Equity

Gigaclear Plc

Moixa Energy

Trizell Holdings



Fourvision Fund

Highland Capital

Concorde Solutions

Liquid Finance

Scottish Equity Partners

Panoramic Growth Equity

Elderstreet VCT

Connection Capital

G-Smatt Global


One Event Management

Frog Capital

Principaux dossiers

  • Advised Moixa Energy Holdings, the UK’s leading smart battery company, on a significant equity investment by Itochu Corporation.
  • Advised NVM Private Equity on its initial investment in Lending Works, including a further bridge round investment.