Mercia12What does this report cover? This report analyses all equity investment in non-listed UK companies between 1 July – 30 September 2017. Why equity investment? Beauhurst tracks the UK’s non-listed high-growth companies. The majority of these companies have raised equity finance to fuel their growth. By looking at equity fundraising activity across the UK, we’re able to see the emerging trends and patterns from the perspective of investors and the businesses themselves. 2011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q3Deals and amount invested (£) by quarter The Deal Q3 2017 Amount invested -2.04% Number of deals + 11.83% Crowdfunding deals +21.62% Average deal size -13.17% £2.05b 397 88 £6.66m Key figures compared with Q2 2017 2011 Q32012 Q12012 Q32013 Q12013 Q32014 Q12014 Q32015 Q12015 Q32016 Q12016 Q32017 Q10 50 100 150 200 Number of deals by stage of evolution 2011 Q32012 Q12012 Q32013 Q12013 Q32014 Q12014 Q32015 Q12015 Q32016 Q12016 Q32017 Q1£0M £500M £1,000M Amount invested (£) by stage of evolution Seed Venture Growth 2011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q3Percentage share of deals by investment bracket Investment Bracket £10m+ £5m to £9.99m £2m to £4.99m £1m to £1.99m £500k to £999k Up to £499k 2016 Q3 2017 Q3 PropTech Robotics eHealth EdTech Digital security Big data Big data Artificial Intelligence Artificial Intelligence AdTech AdTech FinTech FinTech Number of deals, selected sectors TrueSpeed £75M The Hut Group £125M Revolut £51M Replimune £42M Deliveroo £285M Options £78M Neyber £115M Darktrace £58M Autolus £60M The biggest deals of Q3 2017 2011 Q2 2012 Q2 2013 Q2 2014 Q2 2015 Q2 2016 Q2 2017 Q2 £0M £50M £100M £150M £200M £250M £300M £350M £400M Hillarys Blinds FlexEnable Deliveroo Deliveroo FarFetch Improbable Metro Bank Wonga Fircro Immunocore Aston Martin Deals over £50m East Midlands East of Engla.. London North East North West Scotland South East South West Wales West Midlands Yorkshire and.. 1996 2001 2006 2011 2016 Incorporation date, companies that raised over £50m between 01/01/2016 to 30/09/2017 Startup Funding Club9Maven Capital Partners9Parkwalk Advisors1024Haymarket10Funding London11Finance Wales12SyndicateRoom17Crowdcube28Seedrs33Scottish Enterprise34Pre-emption rounds 9 Top funders in Q3 2017 2011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q3Percentage share of deals by region About Beauhurst Beauhurst is the leading provider of rich data on high-growth UK companies. Our platform is used by hundreds of organisations around the UK to research and monitor the most ambitious businesses and their backers. For more information, or a free demonstration, get in touch. beauhurst.com @beauhurst /beauhurstuk © Beauhurst 2017 beauhurst.com @beauhurst /beauhurstuk /company/beauhurst The Deal is Beauhurst's quarterly report on equity investment trends in the UK. Key findings A record quarter — recovery well underway Q3 marked a recovery from the slowdown in deal numbers in the past year. It was another bumper quarter for amount invested — 58% higher than the record quarter pre-2017. Growth stage deals leading the way Deal numbers rose by 45.16% at the growth stage to record levels. Deals above £10m accounted for 15.26%, more than ever before. The number of deals under £500k has been declining steadily all year. Deals above £50m grow more frequent Growth at the later stage of the market has also been supported by an increase in the number of mega deals, with 8 deals over £50m this quarter. Deliveroo's £285m deal is the 4th largest on record. London dominates the higher end of the market Coinciding with the growth in frequency of large deals, is the growth in London's share of overall deals (49.37% this quarter). Seedrs Crowdcube SyndicateRoom VentureFounders Crowdfunding platform deal numbers Seedrs Crowdcube SyndicateRoom VentureFounders Crowdfunding platform amount invested North East Scotland North West Wales West Midlands East Midlands Northern Ireland Yorkshire and Humberside South West South East East of England London — Number of deals Amount invested