GlobalData’s count puts the country well clear of the rest of Europe and inside the global top five, but more than 40% of the total came from just three companies: Nscale, Wayve, and Ineffable Intelligence.
UK-domiciled companies raised $10.5bn of venture capital between January and April 2026, roughly double the figure for the same period last year, according to research published by GlobalData on Monday.
Deal volume was down by about 2% year on year, which is the more revealing of the two numbers; the value increase is sitting almost entirely in the size of a handful of late-stage rounds.
Three of those rounds, the firm says, account for more than 40% of the total. Nscale, the British AI infrastructure operator backed by Nvidia, closed a $2bn Series C in March at a $14.6bn valuation, the largest Series C in European history.
Wayve, the London-based self-driving company, raised $1.2bn in February at an $8.6bn valuation, with Microsoft, Nvidia, Uber, Mercedes-Benz, Nissan, and Stellantis on the cap table.The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
