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.

View full article (electronicsweekly.com) >

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