UK tech investment at highest level since 2001

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UK tech investment at highest level since 2001

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).

Read full article (computerworlduk.com) >

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