Tech and AIUK founders grow frustrated over dearth of funding: 'the...

UK founders grow frustrated over dearth of funding: ‘the problem is getting worse’

-


According to Dealroom data cited by the Financial Times, British 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 U.S. appears to be pulling further ahead each year. In 2024, 57% of global venture capital funding went to U.S. startups — the first time that share has exceeded 50% in over a decade, per Dealroom.

This widening gap is part of a years-long trend that U.K. founders have taken note of, the FT reports, and it’s prompting many to consider relocating abroad.

“Recognizing that most venture funding comes from the U.S., we set up as a Delaware corporation, the preferred and familiar structure for American investors,” said Mati Staniszewski, co-founder of the London-based AI company ElevenLabs, in an interview with the FT.

Barney Hussey-Yeo, founder and CEO of the AI start-up Cleo, told the FT that he already spends four months a year in San Francisco and is seriously considering a permanent move. “You get to a certain size where there is no capital in the U.K. And the problem is getting worse,” he said. “Honestly, the U.K. is kinda f***d if it doesn’t address [the problem].”



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Gartner’s 12 Emerging Tech Innovation Disruptors

In a new report by Gartner, the research firm spotlighted 12 early-stage innovations that will redefine industries and...

Kula Welcomes Former Ethiopian Prime Minister Tamrat Admassu to Drive Global Governance Innovation

PRESS RELEASE | London, 15 April 2025 – Kula, an impact investment company leveraging blockchain-based governance to drive...

BTC USD Shoots High as Bitcoin Price Analysis Reveals New Technical Insights

BTC USD is pushing high again, with analysts highlighting an emerging $90K retest on the cards. Yet, as...

‘Hot Air Rises’: Crypto Trader Says Solana-Based Memecoin That’s Up 220%+ in a Month Primed To Go Much Higher

A closely followed crypto analyst believes one Solana (SOL)-based meme token is gearing up for further swings to...

Advertisement

Mantra (OM) Crypto Crash Sparks Caution For Pi Network, Expert Warns

MANTRA, one of the highly recognized and trusted Real-world asset tokens, has plunged sharply by 95% within only...

Must read

Gartner’s 12 Emerging Tech Innovation Disruptors

In a new report by Gartner, the research...

You might also likeRELATED
Recommended to you