In January-August 2024, the US secured $82.2 billion in VC funding across 3,102 deals, marking a 1.9% YoY increase in funding despite a 39% decrease in deal volume compared to the same period in 2023. Notably, the number of deals valued at $100 million or more rose from 134 to 192.
Key investments included $6 billion by X.AI and $1.5 billion by Anduril Industries. The US accounted for 28.9% of global VC deals and 50.5% of total disclosed funding during this period.
Meanwhile, UK startups attracted $10.1 billion in VC funding through 673 deals, showing a 14.8% YoY increase in funding value despite a 16% decline in deal volume. Noteworthy deals included $1.05 billion by Wayve Technologies and $1 billion by Abound.
The UK comprised 7.1% of global VC deals and 6.2% of total disclosed funding during January-August 2024.
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Impact on Business Owners:
These funding trends indicate robust investor confidence in US and UK startups, despite a decrease in deal volume. High-value investments suggest strong growth potential and opportunities for scaling operations.
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