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‘UK ranked top for VC funding in Europe’

The UK has once again beat its European counterparts in terms of attracting venture capital funding. 

According to KPMG’s Enterprise ‘Venture Pulse Q2 2018‘ report, VC investment in the UK grew stronger during Q2 of 2018, following a ‘dip in investment’ in the first quarter of this year.

An impressive 244 deals across businesses in all sectors, not just tech, took place in the UK, leading to £1.55bn of venture capital investment flowing through the country – compared to £1.1bn raised during Q1. UKTN’s own investment tracker reveals that £1.54bn has already been invested in UK tech companies so far this year.

Late-stage financings were responsible for the majority of the capital invested. Six of the top 10 European deals done in the past three months were in the UK, including Revolut’s £188m round, Freeline Therapeutics’s £90m investment, CMR Surgical’s £75m, Liberis’s £61m, Culture Trip’s £60m, and Crescendo Biologics’ £53m; among others. ...