Venture capital investment in UK companies slowed down in Q1 2018, following an ‘impressive’ Q4 in 2017, which saw companies raise $2.8bn in total.
According to Venture Pulse Q1 2018, a quarterly report produced by KPMG on global VC trends including (but not limited to) funding in tech companies, the number of deals in the UK continued to drop as investors seemingly focused on making a smaller number of later-stage deals.
The report goes on to note that there was some uncertainty related to the deadline for reaching a transition deal with the EU throughout the quarter. The deal, which was signed in mid-March, outlined a 21-month transition period during which the UK will continue to operate under EU, but will lose its rights to comment on EU rules....