Dealroom：2024年第二季度英国创新和风险投资状况报告（英文版）（27页）.pdf

1、July 2024UK INNOVATIONUPDATEQ2 2024Image:WayveNotes from Mat 21/6/24Slide 2 lets add the H1 total in the first column$8.8bn Slide 5 Need to make this clear these are AI based tech companies as the headline is the same as Slide 7 Slide 10/11 look like duplicates but Slide 10 is easier to digest Slide

2、 13 Change to UK innovation economy rather than UK tech Slide 16 change startup to innovation value Slide 18-Lets not use the term startups lets call them$1bn+innovation businesses Slide 19 lets add some logos of the companies that have exitedOn page 3,Simons job title is listed as Head of Relations

3、hip Banking please can this be updated to Head of Technology and Life Sciences?On page 10,quantum computing and quantum computers and processors are both listed as$300 million-assume the Quantinuum round has been counted twice,do we need both sectors?On page 10,the phrasing of GenAi is inconsistent

4、with some of the other entries(Generative Ai),and the rest of the report,when AI is usually capitalisedOn Page 10,does generative AI need to be included three times?On page 21,think the italicized words should be added:“This includes chip giant Arm,which is playing a central role in global AI,and is

5、 one of only two European tech companies to pass a$100B valuation.”On page 23,the percentages are inconsistent-it notes that AI has a 23%share of UK investment,but then on the graph it says this is 22%Page/2 Source:The UK remains#1 in EuropeUK startups have raised more VC investment than France and

6、Germany combined in 2024.Germany and France each raised$4.3B in venture capital in the first half of 2024,compared to$9.4B raised by UK startups.The UK ecosystem is also#1 in Europe by value created.The UK innovation economy is worth a combined$1.1 trillion,30%of all European value.UK venture capita

7、l is growing year on yearUK startups raised$5.6B in Q2 2024,up 37%year on year,and up 47%compared to Q1 2024.This means the UK raised a total of$9.4B for H1 2024,compared to$8.1B raised in the first half of 2023.The biggest round in 2024 so far was for Cambridge-founded autonomous vehicle company Wa

8、yve,which raised a$1.05B Series C round from investors Microsoft,Nvidia and Softbank.$100250mLateSource:UK innovation-Q2 2024UK AI startups pass$250B in valueUK AI has passed a quarter of a trillion dollars in value.AI now accounts for 22%of UK innovation ecosystem value,up from 12%in 2019.UK AI sta

9、rtups have also raised$2.1B in investment so far in 2024,almost as much as was raised in the whole of 2023($2.6B).Investment is on track to reach an all-time high by year end.UK universities lead Europe in SpinoutsThe UK is the top ranked country in Europe by university spinouts created.Cambridge an

10、d Oxford universities rank 1st and 3rd respectively in Europe by value produced by university spinouts,with ETH Zurich coming in 2nd.Among UK cities,Cambridge and Oxford have also raised the most venture capital outside of London in 2024,followed by Edinburgh and Manchester.Dealroom.co“We are please

11、d to share our latest quarterly innovation update in partnership with Dealroom,which reveals that the UK innovation ecosystem is continuing to exhibit the dynamism and ascendance that has established the UK as one of the worlds leading hubs of innovation.Since the pandemic-era booms of 2022 and 2023

12、 the UK has remained resilient,and this quarter we have seen positive signs that funding is picking up once again.Q2 saw UK startups secure$5.6 billion of venture capital investment,representing a massive increase of 37%over the same period last year,and a 47%rise over Q1 2024.Generative AI has been

13、 the dominant story in global tech investment over the past 18 months,and the UK is no exception.This year,UK AI startups have raised over$2 billion,with megarounds for companies like Wayve attracting investment from some of the biggest names in global tech.We are hoping to see further large investm

14、ents into UK AI and other leading areas,such as fintech,climate tech and life sciences,as the year progresses.The UK continues to comfortably lead Europe for tech investment,with spinouts from world-class British universities ensuring a robust pipeline of cutting-edge innovation at the early stage.W

15、ere excited about UK innovation and its pivotal role within the UK economy and remain committed to supporting and partnering with innovators,investors and the broader ecosystem to drive further growth.”Simon BumfreyHead of Technology and Life Sciences1 Venture Capital in Q22 UK tech3 AI spotlightPag

16、e/4 Page/5 Source:Dealroom.coUK startups raised$5.6Bin Q2 2024UK venture capital investment was up 37%year on year in the second quarter of 2024,and up 47%compared to Q1.In total UK startups have raised$9.4B in H1 2024,compared to$8.1B in H1 2023.The UKs biggest round of Q2 was$1.05B for autonomous

17、vehicle company Wayve.Mega and mega+rounds made up 45%of Q2 VC,up from 33%in Q1.UK Venture Capital by stage view online$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)Page/6 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTE

18、RGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.coEarly and breakout stage investment have been stable since the boom years of 2021&2022.Late-stage megarounds are returning in 2024.Early stage$415m(series A)$14m(seed)$01m(pre-seed)Late stage$250m+$100250mBreakout sta

19、ge$40100m(series C)$1540m(series B)Source:Page/7 Source:Dealroom.coUK venture capital is currently tracking ahead of 2023,behind only the outlier years of 2021/22.UK VC investment amount by month view online2024Page/8 FTX,WeWork,Hopin,Bird,Farfetch,Britishvolt,Infarm,Ironnet Cybersecurity,Pear Thera

20、peutics,Graphcore,The biggest UK venture capital rounds in 2024.Cambridge-founded autonomous driving startup Wayve raised the blockbuster round of the quarter,a$1.05B round in May.see roundsAutonomous DrivingLondon$1.1BLate VC-May 2024Lending FintechLondon400MLate VC-May 2024Challenger BankLondon340

21、M&$190MLate VC-Mar&May 2024Energy StorageLondon300MGrowth Equity VC-Jun 2024Quantum ComputingCambridge$300MLate VC-Jan 2024Green Data CentreLondon200MGrowth Equity VC-Jan 2024Wealth ManagementLondon108MGrowth Equity VC-Mar 2024EV ChargingLondon100MLate VC-June 2024BiotechLondon$120MSeries B-May 2024

22、Source:Dealroom.coPage/9 Source:Dealroom.co.Based on fixed 32-sector Dealroom taxonomy.Fintech is still the UKs most funded aggregate sector in 2024.Fintech startups have raised$2.7B year to date.Notable mega rounds were raised by Abound,Monzo and Flagstone.UK leading industries for VC investment in

23、 2024 view onlineUpdatePage/10 Source:Dealroom.co.Granular categorization based on thousands of tags in Dealroom tech taxonomy.Generative AI has been the leading segment in 2024.Deep tech and AI-adjacent industries also feature heavily,including autonomous mobility,energy storage,drug discovery and

24、semiconductors.UK leading segments for VC investment,2024 view onlineUpdateIPage/11 Source:Dealroom.co.2024 data to end of Q2.72%of UK VC has come from abroad in 2024-this is the highest share to date.UK venture capital by investor source view onlineUpdateMake half yearly,separate slide1 Venture Cap

25、ital in Q22 UK tech3 AI spotlightPage/12 Page/13 Source:Dealroom.coThe UK innovation economy is worth a combined$1.2 trillion.Half is still pre-exit.view onlineThis format,updateUK innovation economy combined enterprise value,by founding yearPage/14 Source:Dealroom.coThe UK remains the#1 country in

26、Europe by VC investment in 2024.The UK has raised 219%the level of investment of both Germany and France in 2024-more than both countries combined.Top 10 European countries by VC investment in 2024 view onlineUpdateCountry VC investmentPage/15 Dealroom.coGaming$110M Series DEdinburghCambridgeBrighto

27、nHub VC investment Q1 2024 change vs.2023Quantum$300M Late VCBiotech$26M Series BUpdateHub VC investment H1 2024 change vs.2023Legal AI$40M Series BCambridgeSheffieldEdinburghGaming$15M Early VCSoftware services10M Growth Equity VCCambridge and Oxford startups have raised the most new venture capita

28、l outside of London in 2024.Edinburgh and Sheffield grew by over 50%.Source:Page/16 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONCambridge and Oxford are among the top European universities for creating sp

29、inout innovation value.Source:Dealroom.co.Data as of 8 May 2024 University value creation is ranked by multiplying the number of startups at every stage of maturity.A score of 2 for a VC-backed startup,up to 100 for a unicorn.Comparisons are as close as possible but spinouts policies do vary from co

30、untry to country.Some countries like France and Sweden run professor privilege models where universities have little or no stake in professor research innovation.Page/16 Only Deep techVC Backed(2)Series A+(10)Future Unicorn(30)Unicorn(100)European universities that have created the most spinout valu

31、e Add combined London universities,and Research TriangleSource:Dealroom.co The rise of Cambridge tech reportPage/17 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPage/17 Only Deep techEuropean countries tha

32、t have created the most spinout valueThe UK overall leads in Europe by university spinouts.Source:Dealroom.co.Data as of 27 Nov 2023 University value creation is ranked by multiplying the number of startups at every stage of maturity for a score 2 for a VC-backed startup to 100 for a unicorn.Spinout

33、s policies vary from country to country.Countries like France and Sweden are hard to compare due to the professor privilege model,where universities have no stake in any research innovation coming out of the activities carried out there.The definition of spinouts and their comparison with other coun

34、tries like UK,Germany and Switzerland is therefore challenging.Some universities such as KTH collaborated in sharing detailed data for a fair comparison.The ranking might evolve with better involvement of more universities.Number of VC-backed startups(2)Number of Series A+startups(10)Number of futur

35、e unicorns(30)Number of unicorns(100)The UK leads Europe by university spinouts.58%of the UK spinout value has been created by Health startups.Source:Dealroom.co.Data as of 8 May 2024 University value creation is ranked by multiplying the number of startups at every stage of maturity.A score of 2 fo

36、r a VC-backed startup,up to 100 for a unicorn.Comparisons are as close as possible but spinouts policies do vary from country to country.Some countries like France and Sweden run professor privilege models where universities have little or no stake in professor research innovation.Source:Dealroom.co

37、Page/18 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSource:Cumulative UK UnicornsUnrealisedThe UK has now created 176 unicorns,with five new additions in 2024.14 have reached decacorn status.New unicorns

38、minted in the UK in 2023Dealroom.coUnrealisedExits(69)RealisedExits(107)176 UnicornsUpdate2024 UK unicorns see all UK unicorns Cumulative UK UnicornsPage/19 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION202

39、4 is on track to be the biggest year for VC-backed exits so far.view exits Page/19 UK unicorns are spawning dozens of new startups via staff alumni turned founders.UK Exits over timeN.vc-backed startups(2)Number of Series A+startups(10)Number of future unicorns(30)Number of unicorns(100)Annual numbe

40、r of exits ProjectionSource:Dealroom.co1 Venture Capital in Q22 UK tech3 AI spotlightPage/20 Page/21 Source:$86.1B$161.3BUK AI startups are now worth a quarter of a trillion dollars.AI now accounts for 22%of UK innovation ecosystem value,up from 12%in 2019.This includes chip giant Arm,which is playi

41、ng a central role in global AI,and is one of only two European tech companies founded since 1990 to pass a$100B valuation,along with B.Live dataValue of UK AIDealroom.coPage/22 Source:Dealroom.coUK AI startups have raised$2.1B in investment in 2024 and are on track for a record breaking year.In 2024

42、,Wayve raised a mega round of$1.05B.UK AI Venture Capital by stage view online$01m(pre-seed)$14m(seed)$415m(series A)$1540m(series B)$40100m(series C)$100250m(mega rounds)$250m+(mega+)Lets add grey projection box to 2024,annualise the H1 amountAnnualised projection$2.1B in H1Page/23 Source:Dealroom.

43、coAI is taking an ever greater share of UK venture capital,at an all-time high of 23%in 2024.UK AI-share of venture capitalUK AI Rest of UK VCPage/24 FTX,WeWork,Hopin,Bird,Farfetch,Britishvolt,Infarm,Ironnet Cybersecurity,Pear Therapeutics,Graphcore,The biggest UK AI venture capital rounds in 2024.T

44、he UKs top AI rounds are spread across diverse applications including energy,therapeutics,legal&finance.The most notable round was the Wayve megaround of$1.1B.Autonomous DrivingLondon$1.1BLate VCOpen ce GenAILondon$80MEarly VCBlockchain InsuranceLondon$65MSeries BFinancial Compliance AILondon45MGrow

45、th EquityDrug Discovery London40.5MSeries AConversational AILondon$50MGrowth Equity VCDrug DiscoveryLondon35MSeries BLegal Due DiligenceCambridge$40MSeries BDrug DiscoveryLondon$35MLate VCSource:Dealroom.coThis but AI rounds view rounds Page/25 What is a startup?Companies designed to grow fast.Gener

46、ally,such companies are VC-investable businesses.When startups are successful,they develop into scaleups(50 people),grownups(500 people)and result in big companies.Only companies founded since 1990 are included in this report.Blog post What is a Startup?What is a unicorn?Unicorns are(former)startups

47、 that are privately valued at over US$1B,or have achieved a$1B+exit via public market or M&A.A decacorn is a unicorn that is valued at$10B+.Blog post What is a Unicorn?What is a startup?What is a Unicorn?Underlying DataDealrooms proprietary database and software aggregate data from multiple sources:

48、harvesting public information,user-submitted data verified by Dealroom,and data engineering.All data is verified and curated with an extensive manual process.The data on which this report is built is available via app.dealroom.co.For more info please visit dealroom.co or contact supportdealroom.co.D

49、ata for this report was taken in 2024.Venture Capital,InvestorsInvestment are referred to by their round labels such as Seed,Series A,B,C,late stage,and growth equity.VC investments exclude debt,non-equity funding,lending capital and grants.SectorsDealrooms proprietary tech taxonomy consists of 32 f

50、ixed industries,77 sub-industries,and thousands of tags for niche,granular company categorization.Guide Dealroom tech taxonomy Methodology.Dealroom.co.Source:2024 HSBC Innovation Bank Limited.All rights reserved.HSBC Innovation Bank Limited(trading as HSBC Innovation Banking)is registered in England

51、 and Wales at Alphabeta,14-18 Finsbury Square,London EC2A 1BR,UK(Company Number 12546585).HSBC Innovation Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority(Firm Reference Number 543146).HSBC Innovati

52、on Bank Limited is part of the HSBC Group.HSBC Innovation Bank Limited is committed to making its website and related documents accessible to everyone.Learn more on EXPLORE NOWThe gateway for innovators,builders,researchers,investors,and supportersuk.dealroom.coPowered byTHE UK TECH&INNOVATION DATABASEDO NOT TOUCH DESIGN ON THIS SLIDE