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Early Deliveroo investor Hoxton Ventures is set to lose one of its founding partners - TL;DR CNBC

Early Deliveroo investor Hoxton Ventures is set to lose one of its founding partners

Publishing timestamp: 2023-02-15 08:52:32


Summary

Rob Kniaz, co-founder of Hoxton Ventures, is in talks with institutional investment firms to establish a new venture capital firm focused on deep tech investments. He will continue managing Hoxton's latest fund as he prepares to eventually exit to focus on his new VC firm. Hoxton has backed some of the U.K.'s most notable unicorns, including Deliveroo and Darktrace, but their public market values have declined due to rising interest rates and softer consumer spending. Hoxton has generated a hundredfold return on its early bets on Deliveroo and fiftyfold return on Darktrace, but lost money on its Babylon Health deal.


Sentiment: MIXED

Tickers: DARK-GBROO-GB

Keywords: venture capitaldarktrace plcinvestment strategydeliveroo plcmarketstechnologybusiness news

Source: https://www.cnbc.com/2023/02/15/co-founder-of-early-deliveroo-backer-hoxton-ventures-is-set-to-leave.html


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