Raising Finance

The ten biggest UK venture capital deals in Q3 2015

4 min read

02 December 2015

Former editor

With the amount of venture capital being injected into growing British firms growing each quarter, here are the ten businesses which have banked the most between the beginning of July and the end of September.

Using statistics complied by Ascendant Corporate Finance, we can see that a total of £683m was invested through 131 deals of over £500,000 by 115 backers. That means 2015 figures now sit at £1.9bn from 365 deals.

Here are the ten largest deals from Q3 2015

(1)

Business: FanDuel
Sector: Fantasy sports
Amount raised: £175m
In short: The Scottish fantasy sports venture secured the much-coveted $1bn valuation when it turned to multiple backers for its Series E round. New funds will be used to boost customer acquisition.

(2)

Business: Deliveroo
Sector: Food and drink
Amount raised: £45m
In short: Another young business gobbling up venture capital, Deliveroo closed its first of two 2015 funding rounds in July (a second in November brought in an additional £66m). Operating a delivery service for restaurants that don’t do delivery, it has already expanded beyond Europe to the likes of Asia and Australia.

(3)

Business: Secret Escapes
Sector: Travel
Amount raised: £38m
In short: It had been a while since luxury travel offering Secret Escapes had raised any growth funds, but July saw it bank a sizeable amount with the intention of closing more acquisitions. As only the fourth business in Europe to get money from Google Ventures, Secret Escapes is shaping up for a big 2016.

(4)

Business: Made.com
Sector: Furniture
Amount raised: £38m
In short: Made.com is part the brainchild of Lastminute.com co-founder Brent Hoberman, and operates as an ecommerce platform directly providing consumers with designer furniture – but minus the third party involvement. Its £38m deal is designed to allow it to accelerate European expansion.

(5)

Business: AMCS
Sector: Software
Amount raised: £32M
In short: Generating a lot less fanfare than its consumer-facing rivals in this top ten, AMCS is a software provider for the waste and recycling industry. It banked £32m to fund strategic acquisitions in existing core markets and central Europe.

The 10 biggest venture capital investments in British history

(6)

Business: First Light Fusion
Sector: Renewable energy
Amount raised: £23m
In short: Spun out of the University of Oxford, First Light Fusion has pioneered a new process that can achieve the high temperatures and compression necessary for fusion reactions and other applications. The £23m it raised was actually its first funding round.

(7)

Business: Geniac
Sector: Business services
Amount raised: £22m
In short: As already explained in a feature on Real Business, Geniac describes itself as a service “giving entrepreneurs their time back”. Professional service firm Grant Thornton lead the investment, its first in a technology startup.

(8)

Business: MyOptique
Sector: Optical
Amount raised: £20m
In short: MyOptique raised its funds to finance the acquisition of two companies – German eyewear business 4Care and UK-based Eyewearbrands. The firm has now closed five fundraising rounds, bringing in a combined amount of £64m.

(9)

Business: Crowdmix 
Sector: Social media
Amount raised: £17m
In short: Before it had even launched, Crowdmix managed to get angel investors to part with £17m to fuel its growth. With a mission to become the Instagram for music, the business recently hired Universal Music Group’s Rob Wells as chief commercial officer ahead of a 2016 launch.

(10)

Business: Darktrace
Sector: Cyber security
Amount raised: £15m
In short: A business backed by Autonomy co-founder Mike Lynch, Darktrace works as an anti-virus software that sits inside networks and uses machine learning to recognise abnormal behaviour. Its revenue is growing at more than 100 per cent a year, and plans to expand further in Asia-Pacific.

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