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Laxman Pai, Opalesque Asia:

The United Kingdom (UK) was the top European market and also a key global market for venture capital (VC) funding deals that were announced during Q1 2022, said a study.

According to GlobalData Britain accounted for 6.4% and 6.3% of the total number of deals announced globally during Q1 2022 and the corresponding deal value, respectively.

The report based upon the financial deals database revealed that a total of 502 VC funding deals were announced in the UK during Q1 2022, while the disclosed funding value of these deals stood at $9.4 billion.

A quarterly comparison of VC deals activity in the UK shows that Q1 2022 witnessed growth in both deal value and volume compared to Q1 2021. However, deal value suffered significantly during Q1 2022 and registered a month-on-month decline of 16.3% and 34.2% in February and March, respectively.

Aurojyoti Bose, the Lead Analyst at GlobalData, said: "Investor cautiousness has been noticeable across several key markets amid growing geopolitical tensions and market volatility, and the UK is no exception. However, some start-ups in the country have managed to attract sizeable funding."

Some of the notable VC funding deals announced in the UK during Q1 2022 included $1 billion of funding raised by Checkout, $230 million raised by SCA Investments (Gousto), $200 million raised by Zapp, $200 million raised by Wayve Technologies, $200 million raised by Genesis Global Technology and $190 million raised......................

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