1、LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONTILES WITH SHADOWALIGN HERE TEXT BOXESUSE THESE FOR ANY TEXT BOXBUTTONSALIGN HEREPALETTESALIGN HERE TILES/POINTERSALIGN HERE ModelSaaS in the UKStartups&venture
2、 capitalOctober 202316%2023 INSIGHTSPage/2 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION“UK SaaS:A Shining Beacon to the Innovation EconomySaaS(Software as a Service)is one of the jewels in the UK innovati
3、on economys crown.It represents a third of the UKs total tech ecosystem,with$4.5 billion VC invested already this yearand startups collectively valued at over$300B and it is still growing.The sector remains a beacon for both founders and investors across the globe.More than half of allinvestment int
4、o UK SaaS startups this year has come from overseas.There is particular interest fromUS investors,who have contributed almost as much as domestic investors this year.This interest has largely been driven by an appetite for AI.To date in 2023,startups in this spacehave raised$2.3B half of all SaaS in
5、vestment with investment on track to surpass 2022 levels.”All this activity has underscored the UKs position as Europes leading SaaS destination:it attractedtwice as much VC investment as Germany,the second biggest ecosystem.70%of this activity isclustered around London,but there are promising signs
6、 of significant growth in other hubs likeManchester,Birmingham,and Glasgow.Heartening data indeed from a sector that embodies everything the innovation economy is about:resilience,invention,and opportunity.”Simon BumfreyHead of Relationship Bankingat HSBC Innovation BankingDESIGN CONTENTPage/3 Sourc