Venture capital investment in UK start-ups falls in Q1 2024

Venture capital investment in UK companies fell in the first three months of 2024, in the worst quarter for UK fundraising since the early months of the COVID pandemic, a report showed this week.

UK start-ups raised $3.9 billion in Q1 2024, down from $4.8 billion in the previous quarter, a report by HSBC Innovation Banking and Dealroom showed, the lowest level since the second quarter of 2020.

HSBC Innovation Banking said in a statement that venture capital investment in the UK has...