*NEW RESEARCH* COVID correction for Tech VC deals

Venture capital investment in UK and Irish technology companies was down 22% by value and 17% by volume in Q2 compared with Q1, according to latest data from corporate finance firm Ascendant, but this is seen as an understandable virus-induced correction rather than an existential crisis.

During Q2, a total of £1.91b was invested in 231 companies in the sector by 447 investors. During the first half of 2020, £4.3b (£3.9b in H1 2019) has been invested in 510 deals (554 in H1 2019).

The latest edition of IndustryViews Venture Capital has more detail, along with 50 pages of succinct commentary on UK tech venture funding deals.

TechMarketView Foundation Service and UKHotViews Premium subscription clients can click here to download the report.

Posted by HotViews Editor at '11:56' - Tagged: funding   startup