A total of 791 venture capital (VC) funding deals were announced in the UK during January to May 2022 with the disclosed funding value of these deals standing at $13.2 billion, observes GlobalData.

An analysis of the leading data and analytics company’s Financial Deals Database reveals that this is the highest VC funding volume and value for any European country during that period. Apart from being the largest European market, the UK also ranks among the top five global markets for VC funding.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “While several key markets such as the US witnessed a decline in VC funding value in May compared to the previous month, the UK emerged as a notable exception. The UK’s overall VC funding value increased by 14.9% in May compared to the previous month due to the announcement of some big-ticket deals valued at more than $100 million. This comes despite a decline of 4.8% in deal volume. ”

Some of the notable big-ticket deals announced in the UK during May included $377 million raised by Bloom, $200 million of funding raised by Paddle, $160 million raised by Thought Machine Group and $150 million raised by Carbon Clean.