Some years ago I helped compile a report which looked at the levels of US investment into UK business. Back in calendar year 2017, the level of inward investment from the West Coast topped £1bn for the first time and the amount contributed by deals involving North American investors totalled £2.83bn (source: Beauhurst).
According to latest data from PitchBook and London & Partners, UK companies have received $4.4bn (£3.4bn) from US venture capital funds in the first 10 months of the year, against $4bn for the whole of last year. London accounted for three-quartners of the amount. FinTech has been at the heart of this and continues to lead the way with significant US investment this year into the likes of Monzo, Worldremit, Gocardless and Currencycloud.
So all looking promising so far and only 10 months in. But what might 2020 look like ? Will we see continued US interest levels and investments into UK business? Please do share your thoughts. In recent times where key issues for UK businesses have centred around access to talent and finance, we now see an increasing focus on digital infrastructure, in particular the rate of adoption of 5G to allow the UK to compete with other markets.
We are well connected with the US investor community so please do get in touch if you wish to discuss your US operations or the US investor landscape.
US venture capital firms have pumped record amounts of money into London and UK companies this year as flourishing fintech firms continue to charm investors, new data has revealed.