Investors put £188 ($293.01) million in to 20 UK and Ireland tech companies during Q2 — more than 2009’s Q2 on both counts — according to investment advisory Ascendant.
“An inexperienced eye looking at the attached chart might be concerned by the drop off in volume in Q2 vs Q1,” says Ascendant’s Stuart McKnight.
“However UK/Irish VC Tech Investment has for years been characterized by high numbers of deals completed in the first three months of the year followed by a calmer/slower Q2. Clearly this is primarily a tax driven phenomena but there are other factors too.
“The recession in 2008/9 skewed this behaviour but it appears we have resumed business as usual at least in this regard.”