According to dealroom data cited by the financial timeBritish start-ups raised just £ 16.2 billion last year, far less than the more than £ 65 billion raised by their counterparts in silicon valley during the same period. In Fact, The US Appears to Be Pulling Further Ahead Each Year. In 2024, 57% of Global Venture Capital Funding Went to Us Startups – The first time that share has exceded 50% in over a decade, per dealroom.
This widening gap is part of a year-long trend that uk founders have taken note of, the ft reports, and it’s prompting many to consider to relacate Abroad.
“Recognizing that most venture funding come from the US, we set up as a delaware corporation, the preferred and familyiver structure for american investors,” Said Mati Staniszwaski, Co-Founder of the London-Abson Company elevenlabs, in an interview with the ft.
Barney Hussey-Yeeo, Founder and Ceo of the Ai Start-up Cleo, Told the Ft that He Alredy Spends Four Months A Year in San Francisco and is Seriurously Considerating a Permanent Move. “You get to a certain size where there is no capital in the uk and the problem is geting WorsE,” He said. “Honestly, The UK is kinda f *** d if it doesn’t address [the problem],