Monday 20 September 2021

Venture Capital investment in UK & Irish tech continues to grow strongly in Q2

Ascendant graphic Q2 2021Q2 2021 marked an extraordinary quarter for VC investment into tech companies in the UK and Ireland, according to data from Corporate Finance firm Ascendant. Compared to Q1 2021, the volume of deals was up 8% but the value of those deals represented a 59% increase on the prior quarter and a 228% increase on the mid-pandemic Q2 2020 value.

£6,267m was invested in 360 deals over £0.5m, with 18 so-called megadeals (over $100m). The busiest investors were Crowdcube, Scottish Enterprise, Octopus, Maven Capital Partners, Index and Seedrs.

60% of deals were transactions over £2m, with the average deal size growing to £17.4m, compared to £11.8m in the prior quarter.

TechMarketView Foundation Service and UKHotViews Premium subscription clients will be able to download our Q2 2021 review of the UK tech VC scene, IndustryViews Venture Capital, soon.

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