Despite all the fears about Brexit, venture capital funding of UK and Irish tech companies increased in 2016 according to the latest data from corporate finance firm, Ascendant. During Q4, £516m was invested in 191 deals of more than £0.5m. This brought the total for 2016 to £2,774m invested in 649 deals by 538 investors, an increase of 7% in value and 22% in volume over the previous year. There were considerably fewer deals involving US based investors in Q4 reflecting a general drop in VC investment in the US since Q2 2015. However, Ascendant recorded the largest number of monthly UK/Irish tech deals for 20 years in October, with 77 companies receiving finance.
Subscribers to TechMarketView's Foundation Service can read our analysis, along with commentary on selected UK tech VC deals, in our latest IndustryViews report, IndustryViews Venture Capital Q4 2016, which is available for download here.
Posted by HotViews Editor at '07:29'
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