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

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

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...
Investor insights: Exit preference – fixing a bad legacy

Investor insights: Exit preference – fixing a bad legacy

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...
Investor insights: Second round fundings and exit preference

Investor insights: Second round fundings and exit preference

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...
Investor insights: Introduction to exit preference

Investor insights: Introduction to exit preference

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,...
Dear SaasCo – Preparing for exit

Dear SaasCo – Preparing for exit

Dear SaasCo, As discussed during our investment process, to ensure we are in a position to maximise the shareholder value it is essential that we are properly prepared. Being properly prepared isn’t something which happens in the last few months before we decide to...
One Utility Bill extends funding to £3.3m in the past year

One Utility Bill extends funding to £3.3m in the past year

One Utility Bill, the Newcastle-based business which simplifies the utilities experience for consumers, landlords and letting agents – has raised a further £1.6m. The follow-on investment round was led by incumbent investors DSW Ventures, the venture capital...
Start-up insights: about that last round valuation

Start-up insights: about that last round valuation

“This round is valued at £6m pre-money. That’s because the last round closed at £3m. Back then, it was just me. Now there are two of us.” Back to valuations and pricing. This post is a brief journey around some of the arguments about why venture and angel...
Start-up insights: don’t take no for an answer

Start-up insights: don’t take no for an answer

After a stretch of fairly cold technical posts, we’re now turning to look at a more human issue – how hard should you, the investor, push your due diligence questioning? Most founders have a visionary streak. They see success as close at-hand, more so than the rest of...
Founder Q&A: Eugene Shestopal – Poptop

Founder Q&A: Eugene Shestopal – Poptop

DSW Ventures first invested in Poptop in December 2018 alongside existing investor Northstar Ventures. Two years on and (hopefully) almost one pandemic later, we spoke to CEO and Co-Founder Eugene Shestopal to hear about the Poptop journey and his experience raising...