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Not dead yet: This is true both of the U.K.’s capacity to attract venture capital dollars, and of the promise of autonomous cars. — Anna
Still leading
VC firm Atomico projects that the amount of venture capital invested in European startups this year will be 52% lower than in 2021. I already wrote about these findings, but there’s a key nuance to the information that we haven’t unpacked yet: discrepancies between countries.
While the slowdown is visible across Europe, Atomico noted that Dealroom and Crunchbase data on capital invested during the first half of this year shows a steeper year-on-year decline in the U.K. than in other leading European countries.
Compared to France and Germany, where tallies are respectively 55% and 44% lower than in H1 2022, the U.K. fell further: 57%.
Summarize
The article discusses the current state of venture capital investment in the UK and highlights one prominent leader in the industry. It emphasizes that despite the challenges posed by Brexit and the COVID-19 pandemic, venture capital continues to thrive in the country. The leader in focus is Laurence Garrett, a partner at a venture capital firm, who has made significant contributions to nurturing startup growth and promoting diversity in the industry. The article concludes by stating that the UK’s venture capital sector remains robust and poised for continued success in driving innovation and economic growth.
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