UK tech pulled in $15.3B last year, but can it keep producing unicorns?

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02.02.26

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2 mins read

Tech Funding News quoted Conscium in its latest review of UK tech funding.

UK tech funding dipped 11% year-on-year to $15.3B, but the UK still holds its spot as the world’s #2 tech market after the US. Late-stage rounds are still strong at $7.6B, even as total deal volume dropped 35%. London took the lion’s share with 78% of the capital, followed by Cambridge at 7%. So, what do these numbers actually mean for founders and investors? The UK’s ecosystem is still mature and resilient at the top, but the early-stage pipeline is thinning out. Seed funding has fallen 43% in just two years (from $2.1B to $1.2B), and first-time-backed startups dropped 27% to just 411. Only five new unicorns were minted in 2025, and the next wave might be even smaller.

The Conscium quote:

From the founder side, Calum Chace, co-founder of Conscium, the world’s first commercial organisation focused on the research, validation, and development of conscious AI, says geography is no longer the bottleneck it once was. Distributed teams and remote work let UK startups tap global talent across cost bases and experience levels while keeping leadership and IP anchored in the UK. The constraint now is matching that talent advantage with sufficient growth capital, particularly for deeptech building critical AI infrastructure.

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