UK startups and scaleups secured $9bn (£6.8bn) in enterprise capital funding in Q3 of 2025, marking the second-highest Q3 whole on file and the strongest since 2021, in keeping with new evaluation from HSBC Innovation Banking UK and Dealroom.
With year-to-date funding now at £13bn – equalling 2024’s full-year whole – the UK is on observe to ship its finest funding yr since 2022. This yr is projected to shut at £17.4bn.
Investor urge for food for large-scale rounds accelerated in Q3 with 12 offers of £75.3m or extra – this nearly matches the entire of 14 from the earlier two quarters mixed.
Revolut’s landmark £1.5bn elevate and NScale’s £753m funding spherical mark the primary time that modern UK corporations have secured a number of billion-dollar rounds in a single yr since 2022.
Fintech remained the UK’s most funded innovation sector, attracting £4bn this yr. In Q3, Xelix secured £120m in its Collection B spherical and Tide raised £90m. Even excluding Revolut, fintech funding outpaced healthcare, the second-largest sector, which secured £2.4bn.
Collection A exercise additionally reached a seven-quarter excessive, with 46 rounds accomplished.
“UK enterprise capital has rebounded with power throughout all phases this yr,” says Simon Bumfrey, head of banking at HSBC Innovation Banking UK. “The return of billion-dollar mega rounds alongside file early-stage exercise indicators renewed investor confidence within the UK’s innovation economic system.
“Fintech stays the UK’s flagship sector, whereas the power of healthtech and different high-growth areas demonstrates the breadth of our ecosystem. With regional hubs additionally attracting a rising share of capital, the UK is proving itself not solely as Europe’s main tech hub however a world centre the place modern concepts scale into profitable, impactful companies.”
The UK additionally continues to lift extra enterprise capital than another European nation. The £13bn invested to this point this yr is larger than the mixed totals of the highest two, three and 4, with France at £4.7bn, Germany at £4.5bn and Switzerland at £2bn.
Funding continued to unfold past London at tempo too. Of the 1,458 funding rounds recorded in 2025, 45% had been accomplished exterior of the capital. The highest regional hubs for VC funding had been Cambridge at £1.5bn, Oxford at £305m and Cardiff-Newport at £130m.
