Tracxn's recent report reveals that the UK tech ecosystem raised $6.7 billion in the first half of 2024, with enterprise applications and fintech sectors each securing $2.7 billion in funding.
Despite a slight year-over-year decline, Q2 2024 saw a 27% increase in funding compared to Q1, indicating a positive trend. Notable funding rounds include significant investments in companies such as Wayve, Abound, and Monzo. The report also highlights a decline in acquisitions and seed-stage funding. London remains the leading city for tech investments, underscoring the UK’s strong position in the global tech landscape.
