The financial services provider, which already co-runs an accelerator with Techstars, will provide a debt-based alternative for UK-based technology companies.
UK-based financial services firm Barclays launched a £100m ($151m) fund on Friday that will provide venture debt to UK-based technology companies.
The fund will provide up to £5m to technology firms that will be repayable over a three-year period.
Barclays stated that it initiated the fund to address the comparatively high development rate for technology companies in comparison to the 15-year average for traditional businesses.
Gaining access to debt financing as an alternative to equity funding will enable entrepreneurs to…
