4D Biomaterials completes GBP1.6m funding round led by DSW Ventures

4D Biomaterials completes GBP1.6m funding round led by DSW Ventures

July 28, 2021
A company which has developed a new type of biomaterial that can be used for 3D printing of medical implants has completed a £1.6m funding round.  The investment into Nottingham-based 4D Biomaterials was led by DSW Ventures and backed by the MEIF Proof of Concept & Early Stage Fund, which is managed…
Investor insights: Exit preference – fixing a bad legacy

Investor insights: Exit preference – fixing a bad legacy

July 26, 2021
Exit preference – yet more problems down the line   In our last post we covered what kind of follow-on round structures were likely to follow, when an earlier round contained exit preference rights.   In this post, let’s consider the position when that earlier-round exit preference was badly structured. …
Investor insights: Second round fundings and exit preference

Investor insights: Second round fundings and exit preference

July 19, 2021
Exit preference – problems down the line   In our last post we briefly introduced exit preference structures and how they work in a first-round of funding.  In this post, we are going to take a brief look at how exit preference can work in a second or subsequent funding round.  The…
Investor insights: Introduction to exit preference

Investor insights: Introduction to exit preference

July 15, 2021
Exit preference – simple in theory   VCs and some angels like to invest with some downside protection or a built-in return. They can do this in various ways. One way is by using exit preference (sometimes called liquidation preference). The concept is pretty simple,…