BioCentury
DATA GRAPHICS | Data Byte

U.K. still queen of series A rounds

British biotechs raised over $1.1B of the total $3.8B series A financings in Europe in 2019-21

May 11, 2022 12:14 AM UTC

Companies based in the U.K. raked in $1.1 billion in series A rounds between 2019 and 2021, nearly double that of biotechs in Switzerland, which had Europe’s next-highest total. The U.K. haul was 29% of Europe’s $3.8 billion in total series A deals raised during the period.

The U.K. also saw the largest number of companies disclosing series A rounds, at 36, with Switzerland and France tied for second at 23 each. ...