Though some fear that Brexit will cause startup funding to leave Great Britain, that has yet to be the case.
The United Kingdom once again led European nations in venture activity in April, as 27 U.K.-based companies raised more than €161 million ($182 million) in the month, according to a VCJ analysis of data from Thomson Reuters. (See table below.)
It was the fourth straight month that VC-backed companies in the United Kingdom raised more euros in the month than any other nation.
In April, Germany ranked second, with 11 deals that collectively raised nearly €61 million ($69 million).
Switzerland had only two startups raise venture capital in the month, but the country raised about €41 million ($46 million), thanks to the pharma company Polyphor AG, which raised about $42 million from BioMedPartners AG, Nmt New Medical Technologies and Novartis Venture Funds.
The largest deal of the month was also from the United Kingdom, with Babylon Healthcare Services Ltd raising about $62 million. The company, which provides a mobile healthcare app, raised the funding from Vostok Nafta Investment Ltd and Kinnevik AB.
Download Data: European VC-backed deals, April 2017
Photo of euro symbol on map courtesy of Bet_Noire/iStock/Getty Images