Surge in UK high-tech investment

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Surge in UK high-tech investment

A surge in UK high-tech investment this year is reported by Ascendant, the technology focussed investment company.

In the first half of the year nearly £600m was invested in technology firms compared to the £786m invested for the whole of last year.

“We are experiencing a significant uplift in terms of funds committed and in the volume of companies receiving money,” says Stuart McKnight, managing director of Ascendant.

In Q2 2012, £297m (up from £234m in Q2 2011) was invested in 60 UK/Irish companies (48) by 102 investors (70). When added to our figures for Q1 that makes £596m invested in 124 companies in the first half of 2012.

“These numbers are much better than expected and present a very encouraging investment picture. £600m has not been invested in a six-month period for more than 10 years. Even in 2008, which was a boom year, VCs only managed to invest £550m in H1,” says McKnight.

“The market appears to be moving up by all the key indicators (volume, number of investors, deal sizes, etc.) that Ascendant tracks,” adds McKnight.

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