FinTech news in business incubators category

The second PV angel fund is backed by some of the U.K.’s more active angels, including Chris Adelsbach, Will Neale and Michael Pennington, alongside founders from Credit Kudos, FreeAgent, BrandWatch, Wayve, Passfort, ContentCal, Griffin, Bibliu, Rahko and Fixflo. PV makes much of its community-driven culture, with a network of founders, investors and others alongside the PV founders Will Martin and Will Brooks who put the fund together in 2014. Starting Funding Club (SFC) is the funding services provider, and all investors are committed to the fund and Portfolio Ventures are discretionary fund managers deploying from a pot of capital put in by these investors. A good example of that is Portfolio Ventures (PV), which has now closed its second angel fund (which they claim was oversubscribed), where many of the investing angels do so under EIS.

YC says 16% of the companies in its current list (44 out of 267) are based outside the U.S., compared to its first list, which included just seven non-U.S. companies.

Some ultra-wealthy investors have made a windfall investing in alternatives using tax-advantaged accounts, a strategy billionaire Peter Thiel used to grow his Roth individual retirement account from $2,000 to $5 billion in 20 years, tax-free. While crypto is one of the fastest-growing areas of interest for Alto users, Satz said he expects demand to grow in other areas, including private company investing and artwork.