Almost 40% of VC funding rounds in Europe went into UK or Ireland-based firms in Q2 2017.
According to Pitchbook’s European Venture report, investment into the UK remained in line with historical levels, despite other regions looking to capitalise on the potential movement of startups away from London following Brexit.
The report goes on to note that the UK’s ability to attract investment remained largely unaffected by Brexit, but notes that the true impact of the vote may not have been felt yet.
“The opportunity may still yet present itself, as the full reaction to the UK leaving the EU may not be realised until the exit has been fully negotiated and agreed upon.
“A hard Brexit will have more consequences for the industry, especially if more restrictive immigration laws are enacted, as those would push foreign entrepreneurs to other VC hubs,” it adds....