1、UK innovation2024 forward look10 January 20242024Page/2 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2VC investment is growing again heading into 2024UK startups raised$21.3B in 2023,the third highes

2、t total on record,after just the outlier years of 2021/22.VC investment has been growing again as of H2 2023.Investment was up 46%in the second half of 2023,compared to the period Jan-Jun.$415m(series A)$14m(seed)$01m(pre-seed)AI and Climate tech are the UK hottest startup segmentsClimate tech accou

3、nted for 29%of all UK VC investment in 2023-$6.2B,an all-time high.This represented 40%growth year on year.Startups utilising AI raised$4.5B in investment in 2023,including significant rounds for Generative AI companies Synthesia($90M),AutogenAI($22.3M&$39.5M)and Stability AI($50M).$100250mLate$4010

4、0m(series C)$1540m(series B)BreakoutEarlySource:2024 in UK techStageCompanyLateCMR SurgicalLateConigitalLateZenobe EnergyLateShop CircleLateApollo TherapeuticsLateButternut BoxBreakoutCurveBreakoutTenpoint TherapeuticsBreakoutTractableBreakoutCausalyBreakoutSylveraBreakoutEnvisicsBreakoutENOUGHEarly

5、TimelineappEarlyContinuum IndustriesEarlyMatterEarlyBreedrEarlyAdministrateEarlyMachine DiscoveryDry powder-UK investors are armedUK-based venture capital investors have raised over$25B in the last three years.The UK is the centre of the European venture market,home to 40%of the continents venture c

6、apital,and London is the European base of choice for top international funds.The UK investor talent pool is deeper than ever,and VCs are raising 20 x what they did 20 years ago.The exit window opening?2023 saw the first few tests of the IPO window for global tech startups like Arm and Klaviyo.Of 168