英国创新更新——2025年第三季度

Q3 2025Q3 2025 October 2025 “Near-record levels of investment into ideas, talent, and ambition are reinforcingthe UKʼs role as Europeʼs leading tech hub and a global centre for innovation. “After a sustained period of stable investment activity, the data in our Q3 Dealroom report suggestsmomentum has returned with real confidence. The return of multiple mega-rounds ($100m+) sends astrong signal that global investors continue to see the UK as a place where world-class ideas can scaleinto world defining companies. At the same time, record Series A activity through to late-stage billiondollar plus raises – demonstrates a depth and resilience that few markets can match. “This breadth matters. With almost half of all 2025 funding rounds taking place outside London,regional hubs such as Cambridge, Oxford, Glasgow and Manchester are proving that innovationthrives nationwide. Together, these trends tell a broader story: one of maturity, internationalcredibility, and enduring confidence in the UKʼs ability to produce globally relevant companies. “Fintech continues to stand out as the UKʼs flagship sector, combining entrepreneurial energy withglobal ambition. Its success, from landmark billion-dollar raises to steady growth among scalingfirms, underlines the UKʼs unique ability to shape the future of financial services. But the picture iswider still. Growing interest in AI infrastructure, energy and climate tech are sectors with keeninvestor interest and areas sure to garner serious investment in the coming year. Health-tech andtherapeutics, AI driven SaaS, quantum and deep tech continue to advance rapidly, showcasing thediversity of talent and ideas that power the UKʼs position on the global stage. “At HSBC Innovation Banking, we support this momentum everyday. Our role is to support thefounders, companies and investors by bringing their ambitions to reality and driving the next wave ofUK innovation – and to ensure the ecosystem remains not only Europeʼs leader, but one of the worldʼsmost dynamic engines of progress.” UK Innovation — Q3 2025 key insights UK innovation companiesraised $9B in venturecapital in Q3 UK is the #1 in Europe -raised more than the nextthree countries combined Investment is growing atall stages, includingmegarounds With $17.1B raised in 2025 to date, theUK has raised more VC investmentthan France, Germany andSwitzerland combined, the next threeEuropean countries. Q3 2025 was the second highest Q3 onrecord for UK venture capitalinvestment, and the highest quartersince 2022. UK VC investment grew at every stagein Q3. Early, breakout and late-stagerounds all grew year on year andquarter on quarter. It brings the total raised in 2025 to$17.3B, on track for third highestannual total. The growth in Q3 was not just down toa few outlier megarounds, but moreinvestment being raised by innovationcompanies across the board. Within the UK, 45% of UK fundingrounds in 2025 have been raisedoutside of London. Cambridge,Glasgow and Manchester startupshave raised the most rounds outsidethe capital. The quarter and year to date show amarked recovery, from quieter 2023and 2024. AI was a big contributor to investmentgrowth. UK Innovation — Q3 2025 key insights UK innovation companiesraised $9B in venturecapital in Q3 UK is the #1 in Europe -raised more than the nextthree countries combined Investment is growing atall stages, includingmegarounds With $17.1B raised in 2025 to date, theUK has raised more VC investmentthan France, Germany andSwitzerland combined, the next threeEuropean countries. Q3 2025 was the second highest Q3 onrecord for UK venture capitalinvestment, and the highest quartersince 2022. UK VC investment grew at every stagein Q3. Early, breakout and late-stagerounds all grew year on year andquarter on quarter. It brings the total raised in 2025 to$17.3B, on track for third highestannual total. The growth in Q3 was not just down toa few outlier megarounds, but moreinvestment being raised by innovationcompanies across the board. Within the UK, 45% of UK fundingrounds in 2025 have been raisedoutside of London. Cambridge,Glasgow and Manchester startupshave raised the most rounds outsidethe capital. The quarter and year to date show amarked recovery, from quieter 2023and 2024. AI was a big contributor to investmentgrowth. UK Innovation — Q3 2025 key insights UK innovation companiesraised $9B in venturecapital in Q3 UK is the #1 in Europe -raised more than the nextthree countries combined Investment is growing atall stages, includingmegarounds With $17.1B raised in 2025 to date, theUK has raised more VC investmentthan France, Germany andSwitzerland combined, the next threeEuropean countries. Q3 2025 was the second highest Q3 onrecord for UK venture capitalinvestment, and the highest quartersince 2022. UK VC investment grew at every stagein Q3. Early, breakout and late-stagerounds all grew year on year andquarter on quarter. It brings the total raised in 2025 to$17.3B,