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Today: May 19, 2024
January 10, 2024
1 min read

UK Startup Funding: Struggling to Regain Pre-Pandemic Investment Highs

TLDR:

  • Investment in UK start-ups fell to $21.3 billion in 2023, down from $31.3 billion in 2022 and a little over half the peak fundraising in 2021, according to a report by HSBC Innovation Banking and Dealroom.
  • Venture capital flows globally have shrunk as higher interest rates have raised the cost of borrowing and reduced investors’ appetite for risky investments.
  • However, there are signs of a tentative recovery for UK VC investment, with companies raising $12.6 billion in the second half of 2023.
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