1,275,797,968 of fundraisings and investments represents a huge hike in funds deployed, over 177% higher when compared to what we achieved in 2023.
We take this as a clear and positive sign that confidence is returning to the UK market, as we navigate our way out of the global economic challenges and interest rate rises.
Looking at some of the standout figures from last year: January (typically a quiet month) saw us hit the ground running with £773 million raised; July saw over £60 million raised (up by 72% from 2023); and in August we saw an impressive £69 million raised (a 31% rise from 2023). So, lots of reason for optimism!
And it's not just the amounts which are noteworthy – the sheer number of deals we worked on and the breadth of the sectors in which the businesses operate paint a picture of a varied and dynamic market. March, for example, was a hive of activity with 24 deals, indicating both that things are getting back on track and that investors are becoming more strategic and selective in the businesses they are choosing.
Given everything we've seen in 2024, we're approaching the new year with high hopes and a lot of positivity that 2025 will be another impressive year for fundraising.
Andrew Wolfin, Partner in the Emerging Companies team