OC Ventures Update | November 2024
Published on 29th Nov 2024
Welcome to the latest edition of the OC Ventures update
UK Autumn budget special
The UK's Labour government, after its 100-day mark, published the Autumn Budget last month. It signalled £40 billion in tax rises and £100 billion in government investment, with key policies on tax, employment, growth, and industrial strategy for VC and businesses. What are the opportunities and challenges for the venture capital community?
Venture Spotlight
Osborne Clarke, as sole legal partner, is providing training and advice to the first cohort oft Mountside Ventures' VC accelerator: The Emerging VC Manager Programme – the first of its kind in Europe.
Employment terms – an insider's viewpoint
Adam Turner, one of OC Ventures' senior corporate lawyers, sat down with Amy Moylett, an Associate in our Employment practice, to get an inside view of her work for venture capital-backed clients.
International Venture Capital deal highlights
We're happy to have supported clients across a broad range of interesting deals so far in 2024. Below are just a few highlights from across our international OC Ventures team.
We've seen 34% of our deals in the Tech space, 27% in Life Sciences and Healthcare, 21% in Financial Services, and 18% in Energy and Utilities.
- Advised Palm, an AI powered treasury management system, on its $6.1 million funding round
- Advised BGF on its £16.5m investment in Twenty7tec, a key player in UK mortgage technology
- Advised Riverlane on its US$75m Series C funding round
- Acting for PervasID on its £3.25m funding round from Parkwalk Advisors and Maven
- Advised Econic on its licensing agreement with Changhua to develop CO2-based polyurethanes in China
- Advised Earlybird, Merieux Equity Partners and NRW.BANK on its Prothea Technologies EUR 12m Series A fundraising
- Advised HSBC on its investment in FINBOURNE Technology, one of the UK's largest series B raises
- Advised BGF on its £9m investment in natural food ingredients manufacturer Plant-Ex
- Advised Zihipp, British obesity drug and biotech start-up on its sale to Metsera Inc
- Advised Reonic on its Series A financing round of EUR 13m
- Advised Berlin-based AI agent platform Cloudsquid on its USD 1m pre-seed financing round
Inside the Venture Capital scene
Osborne Clarke maintains Tier 1 ranking in Legal 500!
Discover what our clients have to say about us >
Osborne Clarke has been recognised by The Times Best Law Firms 2025 for the seventh year running.
Osborne Clarke has been named Law Firm of the Year at The Business Magazine's Thames Valley Deal Awards 2024.
Corporate venture capital and strategic partnerships. What do investee companies need to consider?
Get in touch
Visit the OC Ventures knowledge hub for more information about Osborne Clarke's firmwide resources and experiences.
If you would like to discuss any of the information in this newsletter, please contact one of the experts.
