How is the Mayor of London’s Tech Fund supporting the city’s businesses?

Sukhendu Pal

The Mayor of London’s investment vehicle (Sadiq Khan is London Mayor) – has today announced it is being supported by several iconic mentors.

Entrepreneurs and investors such as Sukhendu Pal and Steve Garnett will offer support and guidance to investments in the two funds, the London Co-Investment Fund (LCIF) and the Greater London Investment Fund (GLIF).

As the effects of the COVID-19 pandemic continue to reverberate, Funding London is acting to help its 152+ portfolio companies.

The fallout of the COVID-19 crisis carries with it the potential to impact many of the city’s start-up tech businesses.

Funding London is offering this support is an addition to the business clinics Sukhendu Pal, Steve Garnett and the other mentors organise quarterly offering guidance and mentorship to the portfolio.

Maggie Rodriguez-Piza, CEO of Funding London, comments: “With the rapid introduction of this much needed support we are showing London is working together to support the vibrant yet wounded tech community. We are extremely grateful to Sukhendu Pal and Steve Garnett and other mentors to offer their support at this critical time.”

Sukhendu Pal, Chairman of Sirius & Company, comments: “We are a supporter of these start-up founders dreams and aspirations. We believe in them, and want to support them in any manner possible, and help them navigate the coronavirus induced destruction they face.”