UK venture capital matches US long-term returns as newer funds pull ahead
What happened
The Bank’s latest UK Venture Capital Financial Returns report found that UK venture capital funds generated a pooled Total […] The post UK venture capital matches US long-term returns as newer funds pull ahead appeared first on EU-Startups . The Bank’s latest UK Venture Capital Financial Returns report found that UK venture capital funds generated a pooled Total Value to Paid-In Capital (TVPI) return of 1.78x for vintages between 2002 and 2021.
For the UK startup ecosystem, the results point to an increasingly competitive domestic venture market, particularly among funds launched in recent years. This puts the UK level with the US, also at 1.78x, and ahead of the rest of Europe, where pooled TVPI stood at 1.67x. Funds with 2020 to 2024 vintages recorded pooled TVPI returns of 1.40x, compared with 1.24x in the US and 1.27x across the rest of Europe.
Key facts
- The Bank’s latest UK Venture Capital Financial Returns report — found: that UK venture capital funds generated a pooled Total […] The post UK venture capital matches US long-term returns as newer funds pull ahead appeared first on EU-Startups
- The Bank’s latest UK Venture Capital Financial Returns report — found: that UK venture capital funds generated a pooled Total Value to Paid-In Capital (TVPI) return of 1.78x for vintages between 2002 and 2021
Sources & evidence
- EU-Startups Reporting source
UK venture capital matches US long-term returns as newer funds pull ahead ↗
https://www.eu-startups.com/2026/09/uk-venture-capital-matches-us-long-term-returns-as-newer-funds-pull-ahead/