Venture capital funding in Europe posted a powerful restoration in 2017, led by late-stage U.Ok. startups, following a pointy drop in 2016.

According to the Dow Jones VentureSupply’s 4Q’17 Europe Venture Capital launched immediately, European startups raised $17.52 billion in 2017, up from $13.81 billion in 2016. The earlier 12 months had seen a 20.5 % drop from the $17.38 billion raised in 2015.

Even with Brexit looming, the U.Ok. stays far and away Europe’s main enterprise capital magnet. In the final three months of 2017, U.Ok. startups accounted for nearly half of the $4.27 billion raised by all European startups.

In truth, the highest 5 enterprise offers within the quarter have been all achieved by U.Ok. corporations: Truphone, $353.68 million; TransferWise $294.36 million; Acorn $213.59 million; Orchard Therapeutics $113.33 million; and Monzo Bank $82.38 million.

After the U.Ok., French startups ranked second by variety of offers with 75 and third in quantity raised with $410.06 million. Germany was second in whole quantity raised with $724.52 million however third in offers with 62.

Sweden was fourth in offers and quantity: $273.96 million for 52 offers. Fighting for fifth place was Switzerland, with $129.24 million in 12 offers, and the Netherlands with $125.54 million in 18 offers.

Meanwhile, European enterprise capital funds raised $11.14 billion, down simply barely from $11.24 billion in 2016.

This article sources info from VentureBeat