"Saul Klein, co-founder of venture capital firm Phoenix Court, said that the UK has become Europe's leading hub for "thoroughbreds" - fast-growing tech firms with revenues above $100 million - but suffers from a chronic lack of domestic growth capital. According to Dealroom data, the UK now has 191 venture-backed thoroughbreds and more than 600 companies generating revenues above $25 million."
""For over a decade, venture capital has been gripped by unicorns," Klein said, referring to start-ups valued at over $1 billion. "But the real test of a company is not valuation, it is fundamentals. The UK now has more than 800 scale-ups generating over £25 million in revenues - more than France, Germany and the Netherlands combined - making us second only to Silicon Valley.""
The UK is a leading hub for 'thoroughbreds'—fast-growing tech firms with revenues above $100 million—but faces a chronic shortage of domestic growth capital. Dealroom data show 191 venture-backed thoroughbreds and over 600 firms generating more than £25 million in revenue. Only 20% of funding for these businesses comes from UK investors, leaving 80% of returns to overseas backers. Europe trails the US by $57 billion in later-stage funding. Increased pension fund investment and targeted reforms could unlock substantial committed capital—potentially up to £200 billion—to support scale-up growth and domestic returns.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]