The value of venture capital funding deals in the UK slumped by 43.1% year-on-year, according to GlobalData research.
The firm's Financial Deals Database found that venture capital deals worth £10.9bn were announced over the first three quarters of this year, compared to £19.1bn during the same period last year. There was also a 25.9% decline in the number of deals, with only 1,005 deals announced, against 1,356 in 2022. Value of UK venture capital funding deals halves in 2023 Aurojyoti Bose, lead analyst at GlobalData, said the ongoing Russia-Ukraine war, inflation and other macroeconomic challenges have resulted in a "detrimental effect" on investor sentiment globally. "The UK, which happens ...
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