UK Internet start-ups attract record VC investment

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UK Internet start-ups attract record VC investment

Venture capital investment in UK technology companies for the first six months of 2012 was the highest in a decade.

Venture capital firms invested £600 million in UK technology start-ups during the first six months of the year, up 31% from the same period of last year and the highest figure in over a decade, according to research by Ascendant.

The growth in investment was driven exclusively by the ‘Internet / Wireless Services’ – which Ascendant defines as “websites and services provided via the web” – and cleantech sectors. Investment in all other sectors, including software and semiconductors, declined year-on-year.

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