A total of 1,313 venture capital (VC) funding deals were announced in the UK during Q1-Q3 2022 with the disclosed funding value of these deals standing at $19.6 billion. This is a decline of 7.7% in deals volume and a 15% decline in funding value compared to the same period last year, finds GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline seems to be more prominent in terms of value than volume suggesting that investors are becoming increasingly cautious in committing to big investments amid uncertain business environments. In fact, the total VC funding raised by UK-based startups has remained below $1 billion for two consecutive months through September 2022.”

An analysis of GlobalData’s Financial Deals Database reveals that UK deal activity in 2022 so far has showcased a fluctuating trend. Deal value more than halved in August 2022 compared to the previous month, however, September showcased some improvement but not much in value terms.

Although deal volume increased by 26% in September 2022 compared to the previous month, deal value mostly remained flat at $767.3 million. In fact, there were no announcements of deals valued at more than $100 million in the UK during September 2022, with the last time a billion-dollar deal was announced being January 2022.

Note: Historic data may change as some deals may be added to previous months because of a delay in disclosing information to the public domain