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2020 summary: Rapid Innovation portfolio clients raise £28m in pandemic year

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Between them, the ventures in Rapid Innovation’s client portfolio raised £28m in seed extension and Series A equity financing in 2020.

Approximately £5m of funds raised were pre-Series A.

Managing Director, Shields Russell, said: “Even in the most challenging years, the basics of fundraising do not  change. Much of our effort is allocated to the pre-game. The simple truth of fundraising is that you can only raise when you are in a position to convince investors.”