(By Anthony Miller – Wednesday, 29th April 2009 9:45am). After a suprise rise in UK tech sector VC investment in Q4 last year (see Surprising rise in UK VC tech funding) it all went horribly pear-shaped in Q109. Latest figures from Ascendant Corporate Finance show the aggregate value of tech VC investments in UK & Ireland fell to £114m, the lowest level since Q405 and almost 70% down on Q108. Deal flow (over £500k) fell 39% to 44 transactions. The primary subsectors of investor interest were Software, Cleantech and Internet/Wireless, though the latter was also among the worst hit in terms of value of investment. There were no deals larger than £11m, way down from Q108 (£50m for Spinvox).There was also a substantial shift in the participants; private investors participated in 30% of completed deals, up from 19%. Top investors included regional development boards, e.g. Enterprise Ireland, Scottish Enterprise, South Yorkshire Investment Fund.
Lots more on this in IndustyViews Private Equity in May.
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