Mayor’s Tech Fund announces six portfolio Winners in the UKBAA Awards 2018

Funding | South East

The London Co-Investment Fund (LCIF) has announced six of its fast-growing investments winners in the prestigious UKBAA Awards 2018.

The LCIF winners announced are:

  • Pivigo – Best Investment in a High Growth Female Founder
  • Flock – Best Investment in IoT/SmartTech
  • Hummingbird Technologies – One to watch in AI
  • Vchain – Best Investment in Disruptive Tech
  • Skin Analytics – Best Investment in AI
  • Chirp – One to watch in IoT/SmartTech

The UKBAA Awards, now in its twelfth year, celebrates the outstanding achievements of some of the most innovative and disruptive businesses across the UK. The Awards are open to high-growth companies who have received early-stage finance, as well as angel investors and syndicates, early-stage venture capital and crowdfunding platforms.

The Awards this year received a record-breakingnumber of nominations, 13 of which came from LCIF, the Mayor’s Tech Fund. The nominations and winners show the strength and depth of the industry and the accomplishments of the growing London Tech ecosystem.

Maggie Rodriguez-Piza, CEO of Funding London and co-founder of LCIF, added: “We congratulate all winners and in particular our six LCIF winners on their contributions towards building a strong and  vibrant future for technology in London.”

The LCIF has to date invested in 123 dynamic technology companies, helping to bridge the funding gap in the London tech ecosystem.

The Fund is a £25m venture capital Fund backed by the Mayor of London and the London Economic Action Partnership (LEAP).

Rajesh Agrawal, deputy mayor for business, said: “My congratulations to the winners in these prestigious awards. This is a great result which underlines the Mayor’s support for the most creative tech businesses and clearly shows that London remains open to talent and innovation.”

The Fund leverages private capital through 14 institutional venture capital investors, to invest in some of London’s most innovation science, digital and technology start-ups.

Irra Ariella Khi, CEO, VChain, commented: “Winning the UKBAA award for ‘Best Investment in Disruptive Tech’ allowed us to supercharge our pitching process and accelerate raising our seed round from UKBAA member organisations. It is a fantastic acknowledgement of all the hard work Team VChain is doing, and one that has immediate visibility within investor circles. It’s a small worldand an extremely helpful endorsement.”

Dr Kim Nilsson, CEO, Pivigo, added: “Our angel investors and their supporthave been pivotal in growing our business, and hence receiving this honour was not just a fantastic recognition for our work, but also a very welcome thank you from an extremely importantcommunity.” 

Neil Daly, CEO, Skin Analytics, said: “We’re humbled to have won this award in a strong group. It is a tribute to the growing need for AI in dermatology and a validation of our commitment to building clinical evidence.”

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