The UK is set for a record year of VC activity, suggest a new report from White Star Capital.
Following a decline to $5.4bn in 2018 from the record heights of $5.8bn experienced in 2017, this year is set to surpass all previous figures.
The early-stage venture capital fund suggests that the total amount of funding secured by UK technology companies has already hit $4.9bn, accounting for 85 per cent of 2017’s funding and twice the amount of capital secured during the first six months of 2018.
The figures are the highest in Europe, claims the report. UK venture capital has totalled 63 per cent of European-wide deal values during the first six months of the year, and consistently represents more than a third of all of Europe’s rounds over $100m.
UK VC Investment Set To Reach New Record in 2019