The ten biggest UK venture capital deals in Q3 2015

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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