We advised on 181 funding rounds.
On average, we closed a total of 15 funding rounds per month, contributing to the deployment of over £1.2 billion in funding.
The most active month for deal volume was recorded in March with 24 completed deals, representing a 9% increase when compared to the same period last year.
Deal activity experienced significant month-on-month fluctuations, with the volume in the latter half of the year being 10% higher than in the first half. This reflects the view that investors have been approaching opportunities with more diligence and selectivity in order to mitigate the risks posed by high interest rates and unpredictable public markets.
Not only has deal volume increased by 28% year-on-year, deal value increased significantly with a 177% rise in funds deployed, indicating a robust year for our deal flow.
The largest amount raised in a single transaction was in January when acting on a series C deal with Wayve.