VC tech investment at 10-year high

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VC tech investment at 10-year high

Venture capital technology investments have reached a 10-year high, research has found.

A total of £596m was invested in UK tech companies during the first half of 2012, the highest amount for any six-month period in 10 years, according to finance firm Ascendant.

Total venture capital investment grew to £297m in the second quarter of 2012, a 27% increase on the same period last year, said the company. The number of companies invested in also rose to 60, compared with 48 last year.

Internet, mobile and digital media were the key areas of investment, increasing by 30% to almost £250m. But for the first time, the software segment received no increase in venture capital investment, with just 16 companies gaining funding in the second quarter.

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