Government-backed loans come with low interest rates, but have strict requirements. Personal loans require good credit and higher interest rates and can be difficult for startups with no track record to qualify. Crowdfunding platforms (such as Seedrs or Crowdcube) are growing in popularity, especially among new SaaS startups.
Seed investment in the UK has traditionally been around 2 million pounds, though this seems to increase every year. Seed investments can be used for working capital, marketing, property, research, business development, or other growth needs. Startups that go through the previous startup funding stages (seed funding and Series A) have already developed a substantial user base alongside a steady stream of revenue.
Number of rounds by jurisdiction in %
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