UK Startup Investment Hits $15 Billion This Year Due to US Money
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UK startups have attracted $4.9 billion in investment in the third quarter in part thanks to US backers, allowing Britain to maintain its status as the top European destination for venture capital.
US investors topped domestic ones as the largest funding source for UK startups for the first time in about a year, according to a report from HSBC Innovation Banking — previously known as Silicon Valley Bank UK — and Dealroom. Around 37% of venture capital attracted by British companies this quarter came from the US sources, up from 20% in the previous quarter. Domestic investment made up 31% of the total.