UK Venture Capital Funding Value Declines Over 54% During Jan-July 2023, Report Reveals

A total of 808 venture capital (VC) funding deals “worth $8 billion were announced in the UK during January to July 2023,” according to a recent update shared by GlobalData.

Both VC funding deals volume and value “witnessed considerable year-on-year (YoY) decline of 28.4% and 54.3%, respectively,” reveals GlobalData, a data and analytics company.

According to the analysis of GlobalData’s Financial Deals Database, 1,128 VC funding deals were “announced in the UK during January to July 2022 while the disclosed funding value of these deals stood at $17.6 billion.”

Aurojyoti Bose, Lead Analyst at GlobalData, comments:

“Macroeconomic challenges and looming recession fears are taking toll on the VC funding activity in the UK. The decline being more prominent in terms of value also reflects the prevailing investor sentiments.”

Despite the decline, the UK continued “to be the top European market for VC funding activity during January-July 2023 and also remains among the top five global markets in terms of both deals volume and value.”

The UK accounted for 6.4% of the total number of VC funding deals “announced globally during January-July 2023. Meanwhile, its share of the corresponding disclosed funding value stood at 5.7%.”

Some of the notable VC funding deals “announced in the UK during January-July 2023 include $602 million raised by Abound, $250 million secured by, $250 million raised by EToro, and $100 million secured by ZYBER 365.”

As clarified in the update, historic data may “change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.”

As covered, 4,000 of the world’s largest companies, “including over 70% of FTSE 100 and 60% of Fortune 100 companies, make timelier and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform.”

GlobalData’s mission is to help clients “decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.”

Sponsored Links by DQ Promote



Send this to a friend