Friday 05 March 2021

*NEW RESEARCH* VC investment grows to record levels in 2020 despite pandemic

VC Q4 2020Data from corporate finance firm Ascendant reveals a record level of venture funding into early-stage UK and Irish technology companies in 2020, despite the ongoing impact of the Covid pandemic.

There were 1,016 funding deals of more than £0.5m announced - a drop of 5% on the equivalent figure for 2019. However the aggregate value of such deals was £9.5bn, up 15% from the previous year. Consequently, the average deal size increased by 21% from £7.7m in 2019 to £9.3m in 2020.

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

Posted by Tania Wilson at '08:00' - Tagged: funding   startup  

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