20 May 2022
Posted in Business Fundamentals
UK-based start-ups raised $11.1 billion VC funding during January to April 2022, finds GlobalData
The UK is among the top five global markets for venture capital (VC) funding. A total of 639 VC funding deals were announced in the country during January-April 2022 while the disclosed funding value of these deals stood at $11.1 billion, according to GlobalData, a leading data and analytics company.
Akin to several other global markets such as the US and China, the UK also witnessed a decline in VC funding deals volume and value in April 2022 compared to the previous month. VC funding deal volume and value registered a month-on-month decrease of 30.3% and 21.6% in April, respectively. Meanwhile, this was the third consecutive month of decline in deal value in the UK.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The subdued activity, which seems to be a result of dampened investor sentiments amid heightened geopolitical tensions and volatile market conditions due to the Russia-Ukraine conflict, is likely to be short term. Apart from being a key global market, the UK happens to be the top European market for VC funding and some of the start-ups have been attracting big-investments.”
Some of the notable VC funding deals announced in the UK during January-April 2022 included $1 billion raised by Checkout, $295 million raised by o9 Solutions, $270.6 million raised by Britishvolt, $230 million raised by Gousto, $200 million raised by Zapp, and $200 million funding raised by Wayve Technologies, among others.