The total value of venture capital secured by UK-based firms surged to the highest level in Q4 2020 according to estimates from Refinitiv Deals Intelligence

UK firms secured £2.4 billion in capital from 137 different deals during the last three months of 2020, which is up significantly from the £1.3 billion acquired in Q3 2020 from 146 deals. This level of activity represents an 83% increase in value but also a 6% decline in volume year-over-year (YoY).

During 2020, £7.5 billion of venture capital funding (in total) was acquired from 575 different deals, which is a 4% decline in value and a 1% drop in volume YoY.

The total funds secured was more than double that of French firms, which was the next most active European country, with £4.1 billion secured from 245 deals. Germany-based firms saw 299 rounds which were valued at a total of £3.6 billion.

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Source: Crowd Fund Insider