Unfazed by Brexit blues, UK biotech trade group celebrates boisterous year of venture dollars with record ?1.1B total

A record year of venture investing has floated UK?s biotech boat, with the money flow in 2018 gushing over the ?1 billion mark for the first time.

A total of ?1.1 billion was raised thanks to a boom in late-stage financings, according to the latest report from the UK BioIndustry Association and Pharma Intelligence. While seed funding stayed flat at ?27 million and A rounds nabbed a collective ?213 million, it was Series B and post-B financings that delivered the most impressive numbers at ?393 million and ?480 million, respectively.

To put this into perspective, the BIA estimates that biot