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Independent UK news and guides on tokenised equity, for founders raising capital, investors and the firms that support them. Published by Tokenisation Group Limited, London. Information only, not financial advice.


TERN opens UK venture fund for refugee founders with £300,000 to start
TERN has opened applications for a UK fund investing £50,000 to £100,000 in refugee-founded businesses. The starting pot is £300,000 against a planned £10 million.
Shawn Jhanji
5 days ago2 min read


TSP Ventures lands £3m Regional Angels backing for hard-tech seed
The British Business Bank has committed £3 million to TSP Ventures through its Regional Angels Programme. It is the smallest of three such commitments traced this year, which may point to the programme spreading across more angel groups.
Shawn Jhanji
6 days ago2 min read


How to sell shares in a UK private company: every route to liquidity compared
Founders, staff and early investors in UK startups now have more ways to sell shares before an exit. This guide compares private sales, company buybacks, tender offers, crowdfunding secondary markets, PISCES and tokenised shares.
Shawn Jhanji
Oct 127 min read


UK Seed Deal Volumes Fell 27 Per Cent as SEIS Funds Keep Selling Out
Seed stage deal volumes in the UK fell 27 per cent year on year, according to the British Business Bank's Small Business Equity Tracker 2026, even as overall equity investment was propped up by a relatively small number of large AI transactions. Against that backdrop, professionally managed Seed Ent
Shawn Jhanji
Sep 306 min read


So, Can Tokenisation Make a Founder's Location Irrelevant to Whether They Can Raise?
A story tip landed in our inbox this week pointing to a piece in Private Markets Profile on what it called building investable regions: the idea that tokenisation can widen who is able to invest in a given market by removing geography as a barrier to access. It is a genuinely useful frame, and it ra
Shawn Jhanji
Sep 87 min read


European Tech Funding Fell 63 Per Cent in August as UK Becomes the Region's Top Fundraising Market
European tech funding dropped by around 63 per cent in August compared with July, according to new figures from Tech.eu, as the usual summer slowdown combined with investors pulling back into fewer, larger cheques. Deal volume fell by a smaller but still significant 38 per cent over the same period,
Shawn Jhanji
Sep 83 min read


UK Fintech Funding Falls to a Decade Low of 1.8 Billion Pounds as AI Absorbs a Quarter of What Remains
UK fintech founders raising this year are working against the toughest backdrop in a decade, and the data released this week makes the scale of that shift hard to ignore. The question worth asking is not whether the number is bad. It plainly is. It is what the shape of the decline tells us about who
Shawn Jhanji
Aug 255 min read


Catherine Lenson, Mish Mashkautsan and George Henry Hold Early Talks to Launch New UK Venture Fund After Leaving LocalGlobe
A team of investors who left Phoenix Court, the London firm widely known by the name of its seed stage fund LocalGlobe, are in early talks to raise a fund of their own, Sifted reported on 12 August, citing sources close to the discussions.
Shawn Jhanji
Aug 134 min read


Scout networks and regional funds are rewiring who gets access to UK venture capital
There is a version of the UK funding gap story that gets told constantly, and it is true. Female founders raise less. Black and ethnic minority founders raise a fraction of what their numbers in the population would predict. Founders outside London and the South East compete for a shrinking share of
Shawn Jhanji
Aug 108 min read


Index Ventures Raises $2 Billion Across Three New Funds, Taking Its Total Firepower to $3.5 Billion
For founders trying to read the mood of the market this year, the number to watch is not a valuation. It is how much dry powder the funds backing them are sitting on. Index Ventures has just given the clearest signal yet that the answer, at least at the top of the market, is a great deal more than a
Shawn Jhanji
Aug 33 min read


UK Startups Raised 629.5 Million Euros in a Single Week to Lead Europe
For UK founders keeping half an eye on whether domestic deal flow is holding up amid a wider debate about Britain's shortage of growth capital, the latest weekly snapshot from Tech.eu offers a genuinely encouraging data point, even if it comes with the usual caveats about lumpy, week to week numbers
Shawn Jhanji
Aug 14 min read


UK Pension Default Funds Have Invested Just 0.6 Per Cent of Assets in Private Markets Under the Mansion House Accord,
Ask a UK founder why the biggest cheques in their round come from Boston or San Francisco rather than London, and the honest answer usually traces back to where the money sits, not who is willing to write it. Startup Coalition, the industry body representing UK founders and scaleups, published an an
Shawn Jhanji
Jul 225 min read


Lockheed Martin Opens London Office and Commits $100 Million to Back UK and European Deep Tech Founders
Lockheed Martin Ventures, the US defence giant's venture capital arm, opened a London office this week and confirmed it will deploy at least $100 million into UK and European startups, giving founders building sovereign and defence relevant technology a new, well capitalised route to serious capital
Shawn Jhanji
Jul 205 min read


UK's 150,000 Mission-Led Businesses Are Growing Faster Than the Wider Economy, but Their Own Legal Structures Are Shutting Them Out of Capital
Picture two founders, both running businesses that make money and make a difference. One has built a climate hardware company and can issue shares like any other startup. The other runs a care provider structured as a Community Interest Company, with an asset lock and a dividend cap baked into its c
Shawn Jhanji
Jul 106 min read


The UK Builds Companies It Cannot Afford to Keep
A founder in Britain in 2026 can do almost everything right and still end up in someone else's market. She can spin tech out of a UK university, raise a seed round from UK angels, hire her first team in Leeds or Bristol or Oxford, and prove that the thing works. She can scale the business to unprecedented heights, well almost, and then!
At the precise moment the company is ready to grow into something durable, she will find that the money to do that is not here. It is in
Shawn Jhanji
Jul 99 min read


AI Took a Record 44 Per Cent of UK Startup Equity in 2025 as Seed Funding Fell, British Business Bank Data Shows
Picture a founder outside the story everyone is telling. She is not building a large language model. She is building a climate hardware business in Sheffield, or a healthtech tool in Cardiff, with early revenue and a plan to grow. This week the British Business Bank published the numbers that descri
Shawn Jhanji
Jul 86 min read


Tapestry VC Closes 70m Euro Fund III With British Business Bank as Co Anchor to Back Repeat Founders
Picture two founders raising a seed round in the same week. One has built and sold a company before, has a network of investors who already know the name, and has funds competing to lead. The other has an equally good product, early revenue and a sharper insight, but no track record and no warm rout
Shawn Jhanji
Jul 74 min read


Getting into a startup takes seconds. Getting out can take a decade
Equity crowdfunding made a simple promise: ordinary people could back a young company early, alongside the founders, and share in what it became. Monzo is the poster child. One early round filled in 96 seconds. In December 2018 the bank raised about £20m from roughly 36,000 people. Buying in was effortless, a few taps in an app.
Getting out is the part nobody designed for.
Most crowd investors do not sit directly on a company's share register. They invest through a nomi
Shawn Jhanji
Jul 35 min read


Europe Built a EUR5bn Fund to Stop Its Best Startups Leaving. Before a Single Euro Is Spent, It Is Fighting Over Whether UK Founders Qualify.
For more than a decade the same story has played out at the top of Europe's startup ladder. A company built in London, Paris or Stockholm reaches the stage where it needs hundreds of millions to scale, cannot find a cheque that size at home, and takes one from a United States fund instead, often shi
Shawn Jhanji
Jun 306 min read


New UK Data Reveals a First-Time Founder Funding Penalty
Picture a founder in Leeds with a working product, paying customers and a credible plan to grow. She has no warm introduction to a fund, no prior raise on her record, and no one in her immediate network who has done this before. New UK data suggests her single biggest disadvantage is not her idea, h
Shawn Jhanji
Jun 127 min read
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