Geographies/UK/2011/October

UK startup funding in October 2011

European tech funding raised by UK startups during October 2011.

In October 2011, 25 startups in the UK closed 25 funding rounds and raised €175M in equity funding (excluding debt and grants), up 226.6% versus October 2010. Software was the most active sector, and Business Growth Fund was the most active investor. Data as of 6 Nov 2026.

Equity funding

€175M

+226.6% vs October 2010 · excl. debt & grants

Funding rounds

+78.6% vs October 2010

Companies

Top sector

Software

Rank in Europe

53.1% of European funding

Top-10 round share

97.5%

of disclosed capital

Top sectors

by € raised

Data table

	UK — top sectors by capital, October 2011
Cloud	€83M
Software	€42M
Marketing	€39M
Healthtech	€25M
E-commerce	€6.8M
Wellness & Beauty	€6.3M
Travel	€5.9M
Gaming	€3.7M

Stage mix

by € raised

Data table

	UK — stage mix, October 2011
Other	€99M
Growth/Late	€52M
Series A	€7.8M
Early VC	€6.5M
Series B	€6.3M
Seed	€2.4M

Exits & M&A

2 Buyout · 1 Acquisition

3 exits · €2.1B disclosed.

Trader Media Group	Buyout	Oct 2011	€2.0B
Aldermore Bank plc	Buyout	Oct 2011	€48M

Top deals

largest disclosed rounds in October 2011

Company	Stage	Date	Amount
Six Degrees Group	Other	Oct 2011	€83M
Adapt	Growth/Late	Oct 2011	€35M
Sphere Medical Holding	Growth/Late	Oct 2011	€18M
Phagenesis	Other	Oct 2011	€7.0M
Wahanda	Series B	Oct 2011	€6.3M
Statesman Travel Group	Other	Oct 2011	€5.9M
Benefex Group	Early VC	Oct 2011	€4.8M
aiHit	Series A	Oct 2011	€4.1M
PlayJam	Series A	Oct 2011	€3.7M
Lumi	Other	Oct 2011	€2.7M
Hangar Seven	Early VC	Oct 2011	€1.2M
fanatix	Seed	Oct 2011	€741k
Quipper	Seed	Oct 2011	€462k
Cognia	Early VC	Oct 2011	€462k
Movellas	Seed	Oct 2011	€370k

View all 25 UK deals in October 2011 →

Top investors

most active in October 2011, by deal count

← All 2011 UK funding