UK tech companies ‘raised $1.42bn from VCs in Q2 2017’

Jul 13, 2017 · techcitynews.com

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Venture capital investment into UK tech companies rose in Q2 2017 ($1.42bn) when compared to the previous quarter ($1.15bn).

That’s according to the latest Venture Pulse Q2 2015 report produced by KPMG Enterprise, which also found that the UK saw a total of 189 VC investments made during Q2 – compared to the 258 closed during Q1.

Patrick Imbach, head of KPMG’s Tech Growth team in the UK, commented on the findings: "The standout transaction of the quarter was undoubtedly Improbable’s $502m investment from SoftBank, one of the largest funding rounds ever made by an early stage European tech firm.

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