Funding London
Funding London is the trading name of SME Wholesale Finance (London) Limited, a GLA-backed public investor incorporated in June 2004 as an arms-length entity, originally set up by the London Development Agency to bridge the funding gap for early-stage London SMEs. It manages the London Co-Investment Fund (LCIF), a GBP 25 million direct seed and pre-seed co-investment fund launched in 2014 with backing from the Mayor of London, which has supported 155-plus London technology, digital and science businesses with GBP 27 million deployed including reinvested exit proceeds (TVPI 2.2x, DPI 0.40x as at September 2023). In September 2023 Funding London merged operations with London Treasury Limited under Sir Harvey McGrath; it is not independently authorised by the FCA as an AIFM but operates under the GLA governance framework.
Key facts
Recent exits
Coverage notes
1 fund tracked, 24 portfolio companies (18 active · 6 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
24 companiesFunds & portfolio
Every fund Funding London has raised, with its portfolio companies. Hand-checked from public filings.
London Co-Investment FundImpact2014 · 12yr€32M18 active · 6 realized
Unrealized
18 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Fintech |  UK | 2017 | |
| Cloud Infrastructure | UK | 2018 | |
| AI/ML | UK | 2019 | |
| Mobility | UK | 2016 | |
| Aerospace & Defence | UK | 2018 | |
| Fintech | UK | 2015 | |
| SaaS | UK | 2017 | |
| SaaS | UK | 2019 | |
| SaaS | UK | 2020 | |
| E-commerce | UK | 2018 | |
| EdTech | UK | 2015 | |
| HR Tech | UK | 2016 | |
| InsurTech | UK | 2018 | |
| SaaS | UK | 2017 | |
| InsurTech | UK | 2016 | |
| AI/ML | UK | 2019 | |
| HealthTech | UK | 2017 | |
| Fintech | UK | 2018 |
UK· Entry 2017UK· Entry 2018UK· Entry 2019UK· Entry 2016UK· Entry 2018UK· Entry 2015UK· Entry 2017UK· Entry 2019UK· Entry 2020UK· Entry 2018UK· Entry 2015UK· Entry 2016UK· Entry 2018UK· Entry 2017UK· Entry 2016UK· Entry 2019UK· Entry 2017UK· Entry 2018Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Fintech | UK | 2016 | 2026 | Trade Sale | – | ||
| InsurTech | UK | 2016 | 2026 | Trade Sale | – | ||
| AI/ML | UK | 2019 | 2025 | Trade Sale | – | ||
| Business Services | UK | 2015 | 2024 | Trade Sale | – | ||
| HealthTech | UK | 2015 | 2022 | Trade Sale | – | ||
| Fintech | UK | 2017 | 2026 | Trade Sale | – |
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About Funding London
Funding London is London's economic development venture investor with approximately £150 million across managed funds as of December 2024, headquartered in London at 330 Holborn Gate, High Holborn. The firm was founded in 2004 and is backed by the Greater London Authority and the Mayor of London, operating as a state-backed evergreen venture vehicle funded by the UK Government and the Mayor of London.
Investment thesis
Funding London deploys capital through approximately three to four funds (Greater London Investment Fund £100 million, London Co-Investment Fund plus loan sub-funds), targeting fund-of-funds and co-investment that deploys venture equity and SME loan capital into early-stage London businesses to bridge the funding gap, with emphasis on backing underrepresented founders. Sector focus spans fintech, AI and generative AI, energy efficiency and cleantech, supply chain tech, deep tech and software. Geographic deployment is Greater London only. The platform channels public capital and crowds in private co-investment for capital-constrained London startups.
Recent activity
Recent realised exits include autonomy and computer-vision software (2025) plus two earlier GLIF portfolio exits (2024). Recent acquisitions include a generative-AI video platform co-investment, wealthtech and investment-infrastructure (2024-2025) and pre-seed fintech (2024). The platform continues active deployment across the Greater London early-stage mandate. Detailed buyer names and multiple data available on Pro at €29/month.
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