Overview

MarktoMarket (“MtM”) presents its 2023 UK Equity Fundraising Report. The report covers data on equity fundraising activity by UK private companies from 1 January 2021 to 31 December 2023.

The data used in this report has been extracted from the MarktoMarket platform, which captures announced and unannounced fundraising activity by UK-registered businesses.

Highlights

We segment the market into stages, based on the quantum of capital raised, as follows

Whole of market

Our Whole of Market data includes all UK equity fundraising events of greater than £250,000.

Figure 1. January 2021 – December 2023 Monthly Deal Volumes

Total deal volumes over the year fell by 18.4%. We expect the 2023 figures to improve as late filings are submitted but do not foresee volumes reaching 2022 levels.

Figure 2. 2022 v 2023 Deal Volumes by Stage

Deal volumes fell across all stages of investment, with declines becoming most acute as cheque size increased Whilst deal completions were down 14% at Pre-Seed stage, the fall was 18% at Seed stage and 26% at Series A stage. In our Series B+ sample, volumes were down 38% versus 2022.

Figure 3. 2022 vs 2023 Total Deal Value by Year and Stage

The total deal value reported in 2023 declined by 43% versus 2022. As the greatest decline in activity was in the Series B+ space we would expect the total deal value to be hit disproportionately. The cheque sizes being written at this stage will have the greatest bearing on gross capital raised across the market.

To view full Pre-Seed, Seed, Series A and Series B+ activity request the full report by emailing olga@marktomarket.io

marktomarket

MarktoMarket is a data platform specialising in surfacing intelligence on small and medium-sized businesses (“SMBs”). A combination of our proprietary technology and team of analysts combs millions of documents to extract, clean and label data points. Our front-end interface makes this data easily searchable, giving you the power to identify, analyse and connect with markets and companies in a way that would be impossible to achieve manually. The platform is used by advisers, investors and corporates, including nearly 50% of the UK’s top 100 accountancy firms.