UK venture deal volume surpasses 2000 peak

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Yesterday Stuart McKnight/Ascendant Corporate Finance published their regular report on activity in the UK venture market. As you can see from the chart above, 534 investments were made in the UK (above £0.5m) beating the previous high of 463, which was set back in 2000 at the height of the dotcom bubble madness. As you can see, our ecosystem has been growing fast since 2011, giving more credence to the notion that we we are finally reaching critical mass.

Whilst deal volume broke records last year, deal value did not. By Ascendant’s numbers, in 2016 £2.6bn was invested in the UK and Ireland, up 76% on the £1.5bn invested in 2014, but still well below the 2000 peak of £3.5bn.

London saw more of the action than other cities with 207 of the 534 deals. Edinburgh was the next biggest city with 25.

It’s also interesting to note that only 19% of the deals were in fintech (21% by value).