1、April 2024UK INNOVATIONUPDATEQ1 2024Image:Brighton Pavilion,Ana SimonPage/2 Source:Fintech is back on top as UKs most-funded startup sectorIn 2023,Energy surpassed Fintech to be the UKs most funded startup sector for the first time.In Q1 2024 with$1.4B raised across 73 rounds,fintech is back.Among e

2、merging frontier technology segments,semiconductors and quantum computing have been gaining momentum,for startups often based in science hubs like Cambridge and Oxford.UK startups raised$3.9B in Q1 2024VC investment levels in the UK have stabilised following a sharp global reset from H2 2022.Early-s

3、tage investment in Q1 closed higher than the two previous quarters.Investment at breakout stage of Series B and C is steady.Late-stage rounds,which have the biggest impact of headline totals,remain in single figures but there were important rounds for Monzo,Quantinuum and others in Q1.$415m(series A

4、)$14m(seed)$01m(pre-seed)$100250mLate$40100m(series C)$1540m(series B)BreakoutEarlySource:UK innovation-Q1 2024StageCompanyLateCMR SurgicalLateConigitalLateZenobe EnergyLateShop CircleLateApollo TherapeuticsLateButternut BoxBreakoutCurveBreakoutTenpoint TherapeuticsBreakoutTractableBreakoutCausalyBr

5、eakoutSylveraBreakoutEnvisicsBreakoutENOUGHEarlyTimelineappEarlyContinuum IndustriesEarlyMatterEarlyBreedrEarlyAdministrateEarlyMachine DiscoveryUK retains European lead for venture capitalThe UK remains the number one destination in Europe for startup innovation and investment.UK startups raised al

6、most as much as German and French peers combined in Q1 2024($2.3B and$1.7B respectively).The UK also remains third globally,behind just the US and China,and ahead of India.Edinburgh&Brighton are fastest growing UK hubs in 2024While London remains the number one city in the UK(and Europe)by venture c