2009 sees worst decline in UK VC investment

According to data from corporate finance firm Ascendant, 2009 saw the most rapid decline in VC investment in the UK and Irish SITS (software and IT services) sector since the bursting of the dotcom bubble. Last year there were 194 deals over £500k, 23% fewer than in 2008. Aggregate investment levels fell steeper—by 32% to £626m. Meanwhile, on the private equity side, financial buyers continued to take a greater share of European tech market M&A activity in 2009, according to European tech M&A specialists Regent.

TechMarketView Foundation Service clients can read more about what’s happening in the UK SITS VC/PE world by downloading the latest edition of IndustryViews Private Equity from our website.

Posted by Anthony Miller at '06:00' - Tagged: investment