Venture capital investment in South West firms soars 82%

Companies in the South West raised more than £104m of venture capital (VC) funding in the last three months of 2024 - up a staggering 82% on the previous quarter.

The region ranked fourth in the UK overall for VC investments, trailing only London (£2.9bn), the South East (£637.8m) and the East of England (£480.5m), which encompass Oxford and Cambridge.

According to KPMG’s latest Venture Pulse report, 28 transactions were completed across the West Country, up from 21 in the previous quarter, with the highest proportion of deals taking place in Bristol, where seven VC investments took place.

A huge £47.4m was raised by Bristol-based fulfilment services firm Huboo Technologies alone over the period - over half of the total figure raised.

Investment in H