Bolt's big deal comes under new scrutiny
Briefly

The London Fund's business model seems to rely more on marketing credits and partnerships rather than actual investments, raising questions about its credibility in the startup community.
An investigation into The London Fund revealed discrepancies, including false representations of investments in various companies and a significant reduction of listed portfolio entities.
In a troubling trend, The London Fund listed companies as portfolio investments based on unrelated personal investments from advisors, which misrepresents their actual involvement.
The situation is further complicated by The London Fund's refusal to clarify its partner identity, overshadowing its promotional claims with growing skepticism about its legitimacy.
Read at Axios
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