How fintech accelerators are driving Innovation

A recent study by KPMG found that over £2bn of Venture Capital has been invested into UK startups over the last three months, with the bulk of funds spent on later stage deals with larger scaleup businesses. The figures also show an incredible investment into UK startups, with VC investment into the UK up 37% to £4.4bn compared to £3.2bn in 2018.

However, recent investment in UK startups in a range of industries show that appetite for UK companies remains stronger than ever, with an influx of startups emerging from regions all over the UK.

Research by Tech Nation and Dealroom.co found that between January and July of last year, UK-based tech firms received a staggering $6.7 billion in funding – with $3.7 billion, or 55%, coming from American and Asian investors thanks to billion dollar tech companies such as energy supplier OVO Energy and food delivery startup Deliveroo.

MXC Capital (LON:MXCP) is a Guernsey based and AIM quoted permanent capital vehicle that invests in technology companies.

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