*NEW RESEARCH* UK AND Irish Tech funding hits new high

The number and aggregate value of venture capital funding deals for UK and Irish technology companies hit new highs in 2018, according to the latest data from corporate finance firm, Ascendant. During 2018, £6.4b was invested in 1,059 deals of more than £0.5m by 884 investment groups at an average deal size of £6.1m, down 8% from £6.6m in 2017, indicating a trend toward smaller deals.

Some 51% of deals were less than £2m in value, receiving 7% of the money invested. This represents a 31% yoy increase in the number of deals and a 20% yoy increase in the total annual value. There has been a 24% yoy increase in the number of active investors but 71% of these only completed a single transaction.

For more details, and a handy summary of the quarter's venture funding deals, TechMarketView Foundation Service subscription clients can download the latest edition of IndustryViews Venture Capital here.

Posted by HotViews Editor at '16:09' - Tagged: funding   startup