Scaleups secure more than £300m of investment in second quarter

Businesses in the Midlands attracted £309m of venture capital investment in Q2 of 2021, raised across 35 deals in the region, representing 5% of all UK deals by volume during the quarter.

The businesses with the most significant investments in the Midlands in the period were Alcester-based Quanta Dialysis Technologies, which secured £245m in funding, and Birmingham-based Boomin which scooped £35m in funding.

Stuart Pilgrim, head of TMT M&A at KPMG in the Midlands, said: “The investment we’re seeing in the region is testament to the variety of high quality businesses that the Midlands is home to. As investors seek out innovative businesses and ambitious management teams looking to realise their growth potential, I expect we’ll see a continued uptick in activity.

“In terms of sector strengths, we’re seeing plenty of interest in tech-enabled businesses and those with a strong ESG agenda, so early stage businesses with these elements are likely to attract more investment.”