UK founders grow frustrated over dearth of funding: 'the problem is getting worse' | TechCrunch

British start-ups struggled to secure funding in 2023, raising only £16.2 billion, compared to over £65 billion by Silicon Valley firms. This trend highlights a significant gap in venture capital distribution, with U.S. startups capturing more than half of global funding for the first time in over a decade. Many U.K. entrepreneurs are contemplating relocating to the U.S. to secure investment, with some restructuring as Delaware corporations to attract American investors, reflecting the growing frustration over the lack of available capital in the U.K.

Recognizing that most venture funding comes from the U.S., we set up as a Delaware corporation, the preferred and familiar structure for American investors.

You get to a certain size where there is no capital in the U.K. And the problem is getting worse. Honestly, the U.K. is kinda f***d if it doesn't address [the problem].

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