#UK took nearly one-third (32%) of all European funding in H1 2024 to £7.4 billion. VC investment in UK tech is up 16% in 2024 so far, with startups and scaleups raising £7.4 billion ($9.4b) in total
AI and fintech dominated the later stage rounds, led by Wayve’s £861M round. #London investment is up 30% to £5.3 million compared to last year
The UK remains the strongest light in European #tech, with startups and scaleups raising £7.4 billion so far in 2024, nearly one-third of all venture capital funding (32%) in Europe this year (£23B), according to new data released by Dealroom. This is up 16% compared to the same time last year, demonstrating a strong return to growth for the UK tech ecosystem.
UK tech companies raised more than #France and #Germany combined (£6.8B) and more than five times #Switzerland (£1.25B). This was largely driven by later-stage rounds in AI, Fintech and Energy, particularly Wayve’s £861M Series C round to develop embodied AI products for automated driving. Monzo also raised another late-stage round, following its £331M round in Q1 2024.
The top five UK investment rounds in Q2 2024 are:
Wayve - £861M, Abound - £400M, Highview Power - £300M, Monzo Bank - £149M, char.gy - £100M
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Sahar Meghani, Catherine Lenson
#Fintech #AI #Europeanstartup #funding #fundraising