Publications & Research

The New Biology Stack

The convergence of AI, automation, and advanced biology is collapsing the R&D timeline. The science has never moved faster. Now, the trick is getting all this out into the real world. Written by: George Patin | Research Contributor, London Venture Capital Network With biotech, there are two stories: the capital and the science. Writing this from 2026, it looks like the two are beginning to align on a takeoff trajectory. The Big Picture The pandemic was, by all accounts, a boo

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The New Biology Stack

The convergence of AI, automation, and advanced biology is collapsing the R&D timeline. The science has never moved faster. Now, the trick is getting all this out into the real world. Written by: George Patin | Research Contributor, London Venture Capital Network With biotech, there are two stories: the capital and the science. Writing this from 2026, it looks like the two are beginning to align on a takeoff trajectory. The Big Picture The pandemic was, by all accounts, a boo

23 hours ago5 min read

The Battlefield Is Now a Beta Test

Defence Tech used to mean decade-long procurement cycles and incumbent contractors. What is now emerging is fundamentally different: startups iterating in active conflict zones, building AI-native platforms, and deploying them within months. We track how that shift happened and what it means for VC at large. Written by: Ilya Vencjuns | Research Contributor, London Venture Capital Network Not long ago, defence was the sector that European VCs simply did not touch. The ethics w

May 285 min read

Next Gen Compute: What's Going to Power the AI Scaleup?

The AI infrastructure race has moved from silicon to energy, from chips to racks, and from the US to everywhere. And now it’s running into a wall. So what’s going to power the next five years of the AI scaleup? Written by: George Patin | Research Contributor, London Venture Capital Network The AI infrastructure buildout has been all over the headlines for over a year now. Endless data centres, Blackwell GPU orders in the tens of thousands, and seemingly never enough compute.

Apr 287 min read

Europe’s Deeptech Renaissance: Will the Trend Hold?

Something is shifting in the European tech landscape. Not a pivot. Not a trend. Something deeper. We went looking for whether it's real, how long it might last, and what could break it. Written by: George Patin | Research Contributor, London Venture Capital Network Over the past three years, the venture capital landscape has changed rather dramatically. Following the pandemic-era boom of 2021, funding across most technology sectors declined by as much as 50-60% as rising int

Mar 25 min read

The NoCap Moment: When AI Started Writing Cheques

NoCap invests in a week. DVC replaced analysts with agents. EQT built Motherbrain. AI native VC is here, and it is already rewriting the industry's job descriptions. Written by: Ilya Vencjuns | Research Contributor, London Venture Capital Network In March 2025, Artem Goldman, the founder of Wonder Family, received the kind of email every early-stage founder dreams about: a 100k dollar investment. The twist was that the cheque came from NoCap, an AI investor, and the decisi

Dec 19, 20254 min read

Could tokenised stocks finally solve the liquidity problem in private markets?

The End of Illiquidity? Robinhood’s Tokenised Stocks Challenge the VC Status Quo

Robinhood’s launch of tokenised stocks is opening new liquidity pathways for private markets. By turning startup equity into tradable tokens, this shift could transform how founders, employees, and VCs access capital and exits, while raising big questions for regulators and investors.

Sep 23, 20254 min read