Investors Pull Funding from 30 Deals Due to Brexit

According to Lawrence Wintermeyer, head of Innovate Finance, 30 fintech startups had their funding cancelled or postponed by investors since the Brexit vote, forcing them to seek urgent funding elsewhere; in addition to local investors pulling their capital, startups have also said that funding from international investors has stalled due to the uncertainty surrounding the Brexit process; while the UK struggles, other European cities like Berlin have been actively recruiting firms to relocate.  Source

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