UK-based start-ups raise USD16.4bn VC funding during January to July 2021, says GlobalData
Start-ups in the UK raised the highest venture capital (VC) funding amount among all the European countries during January to July 2021. A total of 1,110 VC funding deals were announced in the UK during the period, while the disclosed funding value of these deals stood at USD16.4 billion, according to GlobalData.
Deal activity in the UK has remained inconsistent throughout 2021, with some months experiencing decline in deal volume and value. In fact, July 2021 registered decline in both deal volume and value.
Aurojyoti Bose, Lead Analyst at GlobalData, says: “Despite the inconsistent trend, the UK remains one of the key markets globally and the top European market in terms of VC funding activity. Although no billion-dollar VC deals have been announced in the UK this year so far, start-ups in the country have managed to secure several USD100 million-plus investments.”
Some of the notable VC funding deals announced during January to July 2021 in the UK included USD800 million funding raised by Revolut, USD600 million raised by CMR Surgical and around USD450 million funding raised by Checkout.com.