After a challenging 2023, there were higher hopes for what this year may hold for UK startups looking to raise investment and grow their operation. Did the first quarter live up to expectations?
According to a new report from Dealroom, UK startups raised $3.9bn in Q1 of 2024, with early-stage investment closing higher than the two previous quarters. Fintech bounced back as the UK’s most-funded startup sector after energy pipped it to the post in 2023 – in Q1, $1.4bn was raised by fintech startups across 73 rounds.
Despite this flurry of activity, venture capital investment in UK startups has fallen to the lowest level since 2018. KPMG found that deal volume was also down, with 519 deals completed – levels not seen since 2016….
