📢 📢 📢 Q3-25 Venture Bulletin published today 12:30 📢 📢 📢 On behalf of VenturePath the ScaleUp Investment Platform, and The UK ScaleUp Investment Mission, with our data partner, Sifted, we are able to share the last quarter's scaleup investment insights. The stage of the scaleup journey that has the most challenges remains Series A (£2-10m VC rounds)... and the approach to it. Progression rates from seed funded startups to venture-backed scaleups are just 7-10%. #Insights Q3 Headlines are below and a link in comments to the full Venture Bulletin: ⬇️ Series A volume down nearly 10% from Q2 = just 118 companies raised ⬇️ Series A value down nearly 15% = Reduction of -£91.5m from Q2 ⬇️ Series A cheque size declined = £4.4m average ⬇️ Total investment, at this stage, across the first 3 quarters of 2025 is £1.5bn. Flat year on year. No growth. ⬆️ Increases in mega round outliers into AI. But led by US investors... #Implication: 🔺 Government Growth Goals are not being achieved. 🔺 UK ScaleUps have less capital to scale with 🔺 Less companies are receiving VC funding at Series A #Action: 🌟 UK ScaleUps need all the support available to secure their growth rounds at Series A and B 🌟 Our UK ScaleUp Investment Platform is providing some of this support, but we need more venture collaboration and capital into the system...and faster! 🐌 Mansion House Accord = Expected impact 2028 🐌 Invest in Women Taskforce = Expected in 2026 🐌 British Business Bank improved flexibility & new capital = "from" April 2026 The UK ScaleUp Investment Mission has canvassed views from the private sector, 100 ecosystem leaders, £13bn of VC partners and 300+ scaleups to recommend 6 clear actions for the Government. Data, referral pathways from the public finance initiatives, platform based support to aide access to capital, celebrating success, creating the indexes investors value both domestically and for inward investment. With the #Budget looming, will this be the moment that the Government starts to lean into the necessary #VentureCollaboration with the private sector to help create more UK venture-backed scaleup successes? The data shows the urgency of action needed. CC-Ing those we've spoken to about this Mission: Government: Peter Kyle, Jonathan Reynolds MP, Chi Onwurah, Jonathan Crook Treasury: Rt Hon Rachel Reeves, Alexandra Depledge, MBE, Spencer Livermore & Lord Jason Stockwood PFI friends: Tom Adeyoola, Dr Susanne Coles, Robert Shaw, Sara Palmer, Louis Taylor CBE, Kristen McLeod CBE, Stephen Welton CBE, Vianney de Leudeville Policy friends: Christiana Stewart-Lockhart, Chris Elphick, Sarah Adams, Isobel Clarke, Roderick Beer, Jenny Tooth OBE, Philip Salter, Dom Hallas, Jordan Sullivan, Julian David OBE, Matthew Evans, Mia Haffety