https://www.forbes.com/sites/jonathankeane/2024/02/06/robot-delivery-player-starship-raises-90-million-round/?sh=5e199dbf6ec4

UK venture capital funding plunges on macro jitters

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UK venture capital funding plunges on macro jitters

Venture capital (VC) funding in the United Kingdom dropped 41.3% year-on-year to US$615.4
million in January, as investors maintained a cautious approach amid macroeconomic challenges
and geopolitical tensions.


The UK remains a prominent player in the global VC market, though facing increased competition
from other European counterparts, according to data and analytics firm GlobalData.
Deal volume fell 40.2% to 70 in January, from 117 a year ago, while the disclosed value decreased
from US$1 billion to US$615.4 million.

The UK, which traditionally has been the top European market in both deal value and volume,
managed to retain its leadership position by volume only in January 2024 while Germany led by
value. In fact, not a single VC deal valued at more than US$100 million was announced in the UK
during the month.


Nonetheless, the UK accounted for 6.1% of the total number of VC deals in January while its share
in terms of deal value stood at 4.4%, thus remaining among the top five markets globally for VC
funding activity.

 

https://www.theasset.com/article/51010/uk-venture-capital-funding-plunges-on-macro-jitters

 

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