The UK tech industry was the second best-funded in the world in the first nine months of 2025, ahead of the US, China, India and Germany, according to Tracxn data.
Research from Tracxn found that UK tech companies collectively raised $12bn (£8.9bn) in the first nine months of the year, an 8% increase from the same period last year, but a 2% drop from 2023.
While early-stage funding, which traditionally makes up a large chunk of UK tech rounds, fell 15% from the $5.6bn raised in the same period in 2024, late-stage funding, where the UK has struggled in the past, has surged.
Tracxn found that UK late-stage funding rounds jumped to $5.7bn, 36% up from 24 and 11% from 2023, suggesting a greater degree of maturity in the country’s ecosystem.
This can be seen as a significant win for the industry, which has long-complained that while the seed and early-stage funding ecosystem has been very active, firms seeking to scale beyond either struggle to secure funding or seek an acquisition or move to another market.
The most active late-stage investors in the UK identified by the research were Latitude Venture Partners, Durable Capital Partners and BeyondNetZero.
Y Combinator, Fuel Ventures and Haatch were found to be the most active seed investors.
Among the largest investments secured by UK companies in 2025 were Nscale’s $1.8bn Series B and Isomorphic Labs’ $600m Series D.