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Majority of UK investors plan to give more cash to VCs in 2023

VC funding 2023

The majority of UK institutional investors who provide financial backing to VCs plan to increase their capital allocations in 2023, sending a signal to startups that there will still be sufficient funding despite market turbulence that has rocked the tech industry.

This year UK tech investment plummeted 22% as challenging economic headwinds brought a period of cheap capital and soaring valuations to an end.

Overall UK tech investment fell to $27.9bn in 2022, down from the record $36bn raised last year, according to Atomico’s State of European Tech 2022 report.

This has sparked concerns that startups will face a challenging funding environment next year.

However, a survey of 250 UK-based investment decision-makers at limited partners, family offices and asset managers – the institutions that supply capital to venture capitalists – has painted a different picture....