June 2020
Bristol’s Clifton Suspension Bridge. Photo by Vadim Sherbakov.
Supported by the Digital
Economy Council and
the Department for
Digital, Culture, Media
and Sport
UK Tech Ecosystem Update
London Tech Week 2020: UK Tech Ecosystem Update
Monthly venture capital investment amount
Monthly number of venture capital rounds >$2 million
June 2020 | Check underlying data via https://datacommons.technation.io
UK tech companies continue to raise hundreds of millions every month, and VCs are still
active in H1 2020.
●
VC is a lagging indicator, with much
month-to-month volatility.
●
The impact of Coronavirus will become
more apparent over time.
● UK government co-investment Future
Fund opened 20th May, boosting funding
prospects.
●
Significant funding rounds are still being
closed.
Venture capital investment in UK by round size
Top UK rounds in 2020
$500M
London
$360M
London
$150M
London
$150M
Bristol
$120M
London
$130M
Abingdon
$103M
London
$100M
London
$94M
London
$99M
London
$87M
Abingdon
$83M
London
$80M
London
$80M
London
$80M
London
London Tech Week 2020: UK Tech Ecosystem Update
June 2020 | Check underlying data via https://datacommons.technation.io
Jan - May
UK tech companies are well capitalised, after raising record amounts of venture capital
in 2019. There have been 15 UK rounds over $80M in 2020.
London has raised more VC investment than Paris, Stockholm, Berlin and Tel Aviv
combined in 2020, although most deals would have been agreed before the crisis.
Venture capital investment in London by sector (2020 YTD)
Venture capital investment by city/hub
2019
2020 YTD
London
$10B
$4.0B
Paris
$3.2B
$1.8B
Stockholm
$2.4B
$0.7B
Berlin
$4.5B
$0.7B
Tel Aviv
$2.2B
$0.6B
London Tech Week 2020: UK’s Startup Ecosystem Update
June 2020 | Check underlying data via https://datacommons.technation.io
Source: Dealroom.co.
London Tech Week 2020: UK Tech Ecosystem Update
June 2020 | Check underlying data via https://datacommons.technation.io
Despite challenging macro conditions, UK tech is still outper