UK venture capital investment nose-dives in Q3
"UK high-tech venture capital investment in the third quarter painted a bleak picture.
“September had the lowest number of completions on Ascendant’s records,” said Stuart McKnight, managing director of Ascendant, the technology-focused corporate finance advisers.
In Q3 2005, over £76m was invested in 23 deals (each worth over £500,000) by 42 investors. The aggregate value was down 30 per cent compared to Q3 2004, and the aggregate volume of deals was down by 21 per cent, said Ascendant.
The biggest deals were Midasplayer at £23m; Cognima at £7m; Global Silicon at £5.4m; Pelikon at £5m and Nujira at £4.4m."
“September had the lowest number of completions on Ascendant’s records,” said Stuart McKnight, managing director of Ascendant, the technology-focused corporate finance advisers.
In Q3 2005, over £76m was invested in 23 deals (each worth over £500,000) by 42 investors. The aggregate value was down 30 per cent compared to Q3 2004, and the aggregate volume of deals was down by 21 per cent, said Ascendant.
The biggest deals were Midasplayer at £23m; Cognima at £7m; Global Silicon at £5.4m; Pelikon at £5m and Nujira at £4.4m."
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