Geographies/UK/2011/Q1

UK startup funding in Q1 2011

European tech funding raised by UK startups during Q1 2011.

In Q1 2011, 66 startups in the UK closed 67 funding rounds and raised €219M in equity funding (excluding debt and grants), up 147.3% versus Q1 2010. Software was the most active sector, and Octopus Ventures was the most active investor. Data as of 6 Nov 2026.

Equity funding

€219M

+147.3% vs Q1 2010 · excl. debt & grants

Funding rounds

+24.1% vs Q1 2010

Companies

Top sector

Software

Rank in Europe

29.4% of European funding

Top-10 round share

82.8%

of disclosed capital

Funding by month

€ raised vs rounds, by month

Data table

	Funding	Rounds
Jan	€40M	25
Feb	€163M	26
Mar	€16M	16

Top sectors

by € raised

Data table

	UK — top sectors by capital, Q1 2011
Fintech	€98M
Healthtech	€36M
E-commerce	€21M
Foodtech	€18M
Media	€13M
Marketing	€12M
Cleantech	€11M
Software	€11M

Stage mix

by € raised

Data table

	UK — stage mix, Q1 2011
Series C	€87M
Series B	€57M
Other	€22M
Growth/Late	€17M
Early VC	€15M
Seed	€9.0M
Series A	€7.3M
Series D+	€6.0M

Exits & M&A

4 Acquisition · 1 Buyout

5 exits · €1.4B disclosed.

BioVex	Acquisition	Jan 2011	€909M
Mergermarket	Buyout	Jan 2011	€458M

Top deals

largest disclosed rounds in Q1 2011

Company	Stage	Date	Amount
Wonga	Series C	Feb 2011	€85M
CellNovo	Series B	Feb 2011	€35M
Just Eat	Series B	Feb 2011	€17M
MBA Polymers	Growth/Late	Feb 2011	€11M
Playcast Media	Other	Jan 2011	€9.0M
eToro	Growth/Late	Jan 2011	€6.2M
Celltick	Series D+	Jan 2011	€6.0M
Basekit	Early VC	Mar 2011	€4.7M
OpenGamma	Series B	Jan 2011	€4.5M
Rated People	Early VC	Feb 2011	€3.5M
Metail	Other	Mar 2011	€2.8M
onefinestay	Series A	Mar 2011	€2.7M
Acunu	Series A	Jan 2011	€2.6M
Piranha Designs	Other	Jan 2011	€2.4M
SocialGO	Other	Feb 2011	€2.0M

View all 67 UK deals in Q1 2011 →

Top investors

most active in Q1 2011, by deal count

← All 2011 UK funding