London – October 5, 2022 – For the eighth consecutive year, Cooley is the legal partner of Tech Nation’s Upscale programme, which helps the UK’s fastest-growing tech companies overcome growth challenges and scale faster. Of the 35 companies Tech Nation has announced will make up the cohort for Upscale 8.0, nearly half have women founders.
“Tech Nation’s Upscale programme makes an enormous contribution to the success of the UK as a preeminent global tech hub,” said Aaron Archer, co-head of Cooley’s emerging company and venture capital practice in London. “We are proud to have coached and mentored a huge number of the UK’s most promising tech companies through our long-standing partnership with Tech Nation and are excited about working with the Upscale 8.0 cohort.”
“We are thrilled to not only see the breadth of business ideas across the Upscale 8.0 companies, but also the breakthrough success of women-founded firms getting on to the programme,” said Chris Coulter, a London-based Cooley partner and member of the firm’s diversity committee. “These firms will help lead the way for the many women tech startup entrepreneurs coming behind them.”
According to new data from Dealroom and Tech Nation, mid-stage scaling tech companies at Series A have raised $5.1 billion in 2022 between January and August – a record for 1H – compared to $5.6 billion in the whole of 2021. The top three fastest-scaling sectors are fintech (which has received $1.4 billion in venture capital investment this year), healthtech ($769 million) and energytech ($542 million).
The Dealroom and Tech Nation analysis also shows that the UK has 166 tech “futurecorns” (fast-growing tech businesses under 10 years old set to achieve a $1 billion+ valuation) in the pipeline, demonstrating the rapid growth of UK tech as companies innovate to solve social, economic and environmental challenges.
Cooley works with more than 7,000 innovative, high-growth private company clients, from preformation founder teams to some of the largest and most sophisticated companies in the world. Cooley GO is a resource to help entrepreneurs scale their businesses with easy-to-navigate information and document generators, while Cooley Protect gives entrepreneurs and growth companies the information they need to make informed decisions about patent protection and strategy. Cooley’s quarterly reports on VC financing trends also can be viewed through Cooley GO.
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