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U.K. State Backs Top Tier’s New $314 Million Europe Venture Fund

Thursday, May 13, 2021

(Bloomberg by Ivan Levingston) - Britain’s government has helped Top Tier Capital Partners raise nearly 260 million euros ($314 million) for a fund dedicated to venture capital and startups in Europe, where funding for local tech companies is soaring.

San Francisco-based Top Tier invests in some of Silicon Valley’s best known venture firms such as Andreessen Horowitz and has worked with prominent European investors including Accel and Index Ventures. Valuations in Europe are 30% to 50% below those in the U.S., said Top Tier’s managing director and founder David York.

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