The UK has emerged as the world's third-largest venture capital market, surpassing India and now trailing only the US and China. The UK tech sector has attracted £7.4 billion in venture capital investment in the first half of 2024, with London, Oxford, and Cambridge receiving around 25% of all European VC life sciences investment. British firms have secured nearly a third of European venture capital tech funding this year, reinforcing the UK’s position as a leading hub for technology and innovation. The UK’s dominance in the European venture capital landscape is further highlighted by its ability to attract more investment than France and Germany combined. Notably, the top 5 UK investment rounds in Q2 2024 contributed to the £7.4 billion raised in H1 2024.