1、Equity investmentspinouts2025into Equity investment into spinouts|2025|2.ForewordExecutive summarySpinout investment Equity deals by number and stageScale-up pipelineRegional investmentTop industries for investmentTop equity deals Top investorsTop universities by equity dealsTop universities by equi
2、ty volume UK and foreign investmentInvestor nationalityExit by valuationExit by location Methodology About3457891112131415161718 19 20 21ContentsEquity investment into spinouts|2025|3.Moray WrightChief Executive Officer,ParkwalkForewordOver the past decade,university spinouts have moved from a burge
3、oning element of the UKs innovation landscape to a critical driver of economic growth and global competitiveness.Spinouts have cemented a central position in the UKs approach to commercialising world-class research.Many of the fledgling firms I worked with then are now high-value companies,innovatin
4、g to overcome challenges in health,climate,and the boundaries of technology.This years Equity Report shows the resilience and potential of this ecosystem.Despite global uncertainty,investment into spinouts rose sharply in 2024,reaching 3.35bnmore than 40%higher than the year before.Landmark raises c
5、aptured headlines,but significantly,first-time equity deals grew by 68%.This signals confidence in early-stage opportunities and the strength of the pipeline emerging from UK universities.Evidence from the first half of 2025 with 709m already raised is promising,but sustaining progress will require
6、coordinated effort from investors,policymakers and universities.Life Sciences remain the powerhouse of UK spinouts,while AI and digital technologies are increasingly prominent,aligning closely with government priorities under the Modern Industrial Strategy.These areas offer not just economic opportu