uk START-UP SECTOR INVESTMENT surge
Above: Image from www.startups.co.uk
Venture capitalists have made an investment injection close to $1billion into the UK start-up scene during the first half of the year, according to CrunchBase data.
Startups.co.uk reports that high profile investments into digital companies have boosted the figures from $362 million in the first half of 2013 to $911 million for the first 6 months of 2014.
Tech businesses were the favoured sector of venture capitalists for this period with $120 million of deals made in software companies across 25 rounds. But $105 million went to mobile, $76 million in e-commerce and $72 million in enterprise software. Other areas that benefited from the investments were finance - $104 million across 13 rounds, travel received $69 million from 8 rounds and security $51 million over 4 rounds.
Regionally, London benefited most from investment thanks to the thriving tech start-up scene based in the Shoreditch area.
In a bid to support and celebrate the success of the UK digital start-up sector, the Prime Minister is hosting a showcase of 10 of the most promising companies in Britain on Thursday 31st July 2014.
Follow the link for more information: http://www.pitch10.co/#overview