Un­fazed by Brex­it blues, UK biotech trade group cel­e­brates bois­ter­ous year of ven­ture dol­lars with record £1.1B to­tal

A record year of ven­ture in­vest­ing has float­ed UK’s biotech boat, with the mon­ey flow in 2018 gush­ing over the £1 bil­lion mark for the first time.

A to­tal of £1.1 bil­lion was raised thanks to a boom in late-stage fi­nanc­ings, ac­cord­ing to the lat­est re­port from the UK BioIn­dus­try As­so­ci­a­tion and Phar­ma In­tel­li­gence. While seed fund­ing stayed flat at £27 mil­lion and A rounds nabbed a col­lec­tive £213 mil­lion, it was Se­ries B and post-B fi­nanc­ings that de­liv­ered the most im­pres­sive num­bers at £393 mil­lion and £480 mil­lion, re­spec­tive­ly.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER