UK Equity Investment Market Update: H1 2020

We look at equity fundraising activity across the UK to spot emerging trends and patterns in the market.

The key findings from H1 2020

  • The total amount raised in H1 2020 totalled £4.77b — a 7% decrease from the previous period and a 30% drop from H1 2019. This remains the fourth highest level of funding raised in any half.

  • Deal numbers declined, but not as much as we might have expected. A total of 911 deals were announced during the half, a 3% decrease from the previous half and a 9% decrease from H1 2019.

  • Whilst the number of seed stage deals has climbed, first-time fundraising have taken a nose-dive, with a 15% fall from H2 2019. This shows early-stage investors have focussed on their portfolio companies.

  • The proportion of down rounds rose to the highest on record. 15% of announced deals were completed at a lower valuation than the recipient’s previous funding round.

  • Most sectors experienced a decline in deal numbers, including investor favourites fintech and artificial intelligence. But digital security and eHealth startups have thrived through lockdown.

About the authors

hannah skingle

Hannah leads on Beauhurst's data-driven publications and content creation, and is an expert on emerging trends in the UK's high-growth space. Hannah studied Liberal Arts with a major in English Literature at King's College London.

Ella halmari

Ella is a visual design and data analysis specialist. She is an expert in data visualisation and content creation, playing a lead role in analysis and production of Beauhurst’s data-driven publications and brand communications. Ella holds a post-graduate diploma in Visual Communication from UAL and the IMC qualification from the CFA Society.

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