Just over £1 billion of venture capital was invested in UK and Irish tech firms last year.
Venture capital investment in UK and Irish technology companies is at its highest level in a decade, according to the latest data from corporate finance firm Ascendant.
Just over £1 billion of venture capital was invested in 2012, which is the most money spent since the £1.9 billion invested in 2001.
The figure is some 28 percent more than what was invested in 2011, and last year also saw the number of deals over £500,000 increase by 20 percent from 193 to 232.
The internet and wireless sector received the most investment, with some £456 million, which was followed by ‘clean tech’ (£280 million) and software (£106 million).