UK venture investment up 57% to £1.5bn

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I’ve written before that over the last year or so it has felt like we are approaching critical mass in the UK startup ecosystem. This data from corporate finance firm Ascendant shows why: investment grew a whopping 57% to £1.5bn last year.

The true test will be whether we are able to sustain this level of activity in 2015 and beyond. Absent a big macro-economic shock I think that we will. It certainly seems like there is more money coming into the market – viz the Google Ventures UK team making their first investment with a $60m injection into Kobalt.