Country comparison

China vs United Kingdom: startup funding compared

Since 2 June 2025, startups in China raised $28.3B across 64 rounds, 1.3 times the United Kingdom's $22.4B.

$28.3BCapital raised$22.4B
64Rounds606
$112MMedian round$7M
4.0%Share of all capital3.2%
27%Early-stage rounds60%

Capital raised running total by month

$28.3B$14.1B China, end of Jun 25: $97.4MChina, end of Jul: $306MChina, end of Aug: $451MChina, end of Sept: $518MChina, end of Oct: $518MChina, end of Nov: $571MChina, end of Dec: $1.2BChina, end of Jan 26: $3BChina, end of Feb: $4.4BChina, end of Mar: $4.9BChina, end of Apr: $7BChina, end of May: $7.3BChina, end of Jun: $7.3BChina, end of Jul: $11BChina, end of Aug: $11BChina, end of Sept: $12.6BChina, end of Oct: $28BChina, end of Nov: $28.3BUnited Kingdom, end of Jun 25: $619MUnited Kingdom, end of Jul: $1.2BUnited Kingdom, end of Aug: $1.5BUnited Kingdom, end of Sept: $2.8BUnited Kingdom, end of Oct: $4.1BUnited Kingdom, end of Nov: $4.5BUnited Kingdom, end of Dec: $5BUnited Kingdom, end of Jan 26: $5.8BUnited Kingdom, end of Feb: $7.9BUnited Kingdom, end of Mar: $10.9BUnited Kingdom, end of Apr: $12.3BUnited Kingdom, end of May: $16.8BUnited Kingdom, end of Jun: $18.1BUnited Kingdom, end of Jul: $18.6BUnited Kingdom, end of Aug: $19.8BUnited Kingdom, end of Sept: $20.6BUnited Kingdom, end of Oct: $21.5BUnited Kingdom, end of Nov: $22.4B Jun 25SeptDecMarJunSept
ChinaUnited Kingdom
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Where the money goes share of capital by sector

China

  • AI84%$23.8B
  • Robotics & Hardware8%$2.1B
  • Other5%$1.3B
  • Health3%$765M
  • Climate & Energy1%$252M

United Kingdom

  • AI65%$14.5B
  • Health7%$1.7B
  • Other6%$1.4B
  • Robotics & Hardware6%$1.4B
  • Fintech5%$1.1B
  • Enterprise software4%$925M

Biggest rounds

Stage mix share of rounds

ChinaUnited Kingdom
9%Pre-Seed and Seed43%
17%Series A17%
16%Series B8%
14%Series C and later5%
44%Other or undisclosed27%

Most active investors rounds joined

InvestorChinaUnited Kingdom
Entrepreneurs First·19
Y Combinator·19
Fuel Ventures·18
LocalGlobe·17
AlbionVC·16
British Business Bank·16
Seedcamp·13
Balderton Capital·12
Haatch·12
Notion Capital·12
Octopus Ventures·12
Accel·11

Startup hubs rounds and capital by city

China

  • Beijing19$6.8B
  • Shanghai10$1.2B
  • Shenzhen9$950M
  • Hong Kong1$400M
  • Suzhou3$170M
  • Hangzhou1$52M

United Kingdom

  • London396$15.6B
  • Cambridge34$1.3B
  • Oxford16$1B
  • Edinburgh13$239M
  • Manchester14$141M
  • Abingdon2$110M

Latest rounds

Questions

Which country raised more startup funding, China or the United Kingdom?

China. Since 2 June 2025, startups in China raised $28.3B across 64 rounds, against $22.4B across 606 rounds in the United Kingdom, 1.3 times more. That is 4.0% and 3.2% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in China and the United Kingdom?

64 rounds in China and 606 rounds in the United Kingdom since 2 June 2025, about 4 and 34 a month.

Are startup rounds bigger in China or the United Kingdom?

The median round is $112M in China and $7M in the United Kingdom, and the average round $441M and $37M. The median shows the typical round; the average is pulled up by a few very large ones.

What is the biggest startup round in China?

The biggest startup rounds in China since 2 June 2025 are DeepSeek ($15B, 22 Oct 2026), Moonshot AI ($3.5B, Series F, 30 Jul 2026) and StepFun ($717M, 26 Jan 2026).

What is the biggest startup round in the United Kingdom?

The biggest startup rounds in the United Kingdom since 2 June 2025 are Isomorphic Labs ($2.1B, Series B, 12 May 2026), Nscale ($2B, Series C, 9 Mar 2026) and Wayve ($1.2B, Series D, 24 Feb 2026).

Which sectors attract the most startup funding in China and the United Kingdom?

In China, AI ($23.8B, 84% of the capital), Robotics & Hardware ($2.1B, 8%) and Health ($765M, 3%) lead. In the United Kingdom, AI ($14.5B, 65% of the capital), Health ($1.7B, 7%) and Robotics & Hardware ($1.4B, 6%) lead.

Is China or the United Kingdom better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 27% of rounds in China and 60% in the United Kingdom. China recorded 6 Pre-Seed or Seed rounds and the United Kingdom 262 Pre-Seed or Seed rounds, with a median of $41.9M and $3.5M.

How much growth funding (Series B and later) goes to China and the United Kingdom?

Startups in China raised $6.1B in 19 Series B or later rounds, 22% of the country's capital. In the United Kingdom, $12B in 82 rounds, 53% of the capital.

Who are the most active startup investors in China?

Qiming Venture Partners (7 rounds, 2 led), IDG Capital (6 rounds, 5 led) and 5Y Capital (5 rounds) are the most active investors in China.

Who are the most active startup investors in the United Kingdom?

Y Combinator (19 rounds, 2 led), Entrepreneurs First (19 rounds) and Fuel Ventures (18 rounds, 13 led) are the most active investors in the United Kingdom.

Which investors back startups in both China and the United Kingdom?

6 investors joined rounds in both countries. The most active: Temasek (2 in China, 5 in the United Kingdom), Tencent (4 in China, 1 in the United Kingdom), OrbiMed (3 in China, 1 in the United Kingdom), Vertex Ventures (1 in China, 1 in the United Kingdom) and Venrock Healthcare Capital Partners (1 in China, 1 in the United Kingdom).

Which cities lead startup funding in China and the United Kingdom?

Beijing leads China with $6.8B across 19 rounds, ahead of Shanghai ($1.2B). London leads the United Kingdom with $15.6B across 396 rounds, ahead of Cambridge ($1.3B).

Which month brought the most startup funding?

In China, October 2026 ($15.5B). In the United Kingdom, May 2026 ($4.4B).

How much did startups in China and the United Kingdom raise in the last 90 days?

In the 90 days to 12 Nov 2026, startups in China raised $17.2B across 13 rounds and in the United Kingdom $2.8B across 74 rounds.

Where does this data come from?

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.

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