April 15, 2026
UK Innovation Update – Q1 2026
An update of innovation and venture capital in the UK in Q1 2026 - in collaboration with HSBC Innovation Banking.
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Selected charts
Companion charts derived from this report — open any chart in full-screen on the right side.
$5.1B of UK Q1 VC came from late-stage megarounds
UK startups raised $7.8B in Q1 2026, with $5.1B from late-stage and megarounds, $1.8B at breakout stage and $0.9B at early stage.
The UK has Europe's #1 and #3 most-funded AI startups
Nscale and Wayve give the UK two of Europe's top three AI fundraisers; UK companies take six of the top eleven slots in the report table.
The UK raised more Q1 VC than France, Germany and the Netherlands combined
Top European countries by VC investment in Q1 2026, led by the UK at $7.8B.