UK VCs are a resilient breed. At a time of fairly general uncertainty, they’ve displayed robust confidence in British high-tech.
VC investment grew 23% in Q2 over Q1, and by 46% compared to Q209, according to technology investment house Ascendant.
In Q2, VCs invested £188m in 46 UK and Irish companies, 23% up on the £153m invested in Q1. 84 investors participated in the Q2 deals- a 35% increase over Q209.
That means, for the first half of the year, that a total of £341m has been invested by 141 investors in 111 deals worth £0.5m or more.
The 10 biggest deals in Q2, getting 68% of the investment, were: Icera (£31m), InterResolve (£30m), Hut Group (£14m), Picochip (£14m), Red Spider (£8m), Nualight (£7m), Huddle (£7m), Aepona (£7m), P2i (£6m) and PhosphonicS (£6m).
The busiest investors were Carbon Trust, Balderton Capital, Eden Ventures, EnterpriseIreland, Midven, Oxford Capital Partners and Scottish Enterprise.