Top-10 lead investors control more Series A deals in the US than in the UK
- Top-10 UK lead investors control 62% of tracked Series A deals
- Top-10 US lead investors control 31% of tracked Series A deals
- UK leads show higher lead_pct per investor than US leads
Across the Series A rounds Brouky tracks in the United States and United Kingdom, the top-10 lead investors in the US command a larger share of deals than their UK counterparts. Summing lead deals for the top-10 UK investors yields 130 deals, while the US top-10 lead investors sum to 178 deals. This means the top-10 UK investors lead fewer deals than the top-10 US investors, indicating a different concentration pattern.
Examining lead_pct (the share of deals where the investor was lead) further highlights this difference. UK lead investors such as Ascension’s Conduit Impact EIS Fund and EMV Capital show lead_pct values above 80%, while US leaders like Salesforce Ventures and Andreessen Horowitz range mostly between 50% and 70%. This suggests UK top leads not only participate in many deals but also lead a higher proportion of their total deals.
Moreover, UK startups see a more balanced split between domestic and foreign lead investors, with 378 domestic and 415 foreign lead deals, compared to the US where domestic leads (354) outnumber foreign leads (137). This may contribute to the UK’s concentrated top lead investor presence, as top UK investors appear more dominant within their ecosystem.
The data highlights that UK top lead investors not only lead a higher proportion of their deals but also benefit from a more balanced domestic-foreign investor mix compared to the US.
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