Start-ups in the UK raised the highest venture capital (VC) funding amount among all the European countries during January to July 2021. A total of 1,110 VC funding deals were announced in the UK during the period, while the disclosed funding value of these deals stood at US$16.4bn, according to GlobalData, a leading data and analytics company.

Deal activity in the UK has remained inconsistent throughout 2021, with some months experiencing decline in deal volume and value. In fact, July 2021 registered decline in both deal volume and value.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Despite the inconsistent trend, the UK remains one of the key markets globally and the top European market in terms of VC funding activity. Although no billion-dollar VC deals have been announced in the UK this year so far, start-ups in the country have managed to secure several US$100m+ investments.”

Some of the notable VC funding deals announced during January to July 2021 in the UK included US$800m funding raised by Revolut, US$600m raised by CMR Surgical and around US$450m funding raised by Checkout.com.