UK start-ups still at the forefront of global innovation
Despite the “doom and gloom” narrative and post-Budget fears looming over the UK’s start-up ecosystem, the country still holds its ground at the forefront of global innovation.
At least that is the view of Ashish Patel, managing director at Houlihan Lokey’s Capital Market Group, who says that a rise of international investment into UK start-ups this year is indeed a sign of good fortune.
While referencing the success of “landmark deals” across a variety of sectors this year, including AI firm Wayve’s $1bn (£787m) raise for self-driving cars, biotech start-up Nuclera’s $75m (£59m) for protein discoveries, and fintech Monzo’s additional raise of $430m (£338m), Patel’s argument becomes clear.
“Following the global investment declines of 2022, investment in UK-based businesses is picking up,” Patel says.
https://www.cityam.com/uk-start-ups-punch-above-their-weight-and-its-being-noticed-worldwide/
