UK tech deals hit record in 2016 despite Brexit effect

Jan 9, 2017 · telegraph.co.uk

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British tech deals hit a record high in 2016, with the number of investment rounds and takeovers rising by 40pc in a breakthrough year for UK start-ups.

However, that growth tailed off after June’s Brexit vote and funding fell into decline at the end of the year.

Some 4,009 deals were notched up in the technology industry in 2016, up from 2,858 the previous year and 1,714 the year before, according to figures compiled for The Sunday Telegraph by technology investment bank GP Bullhound, using data from financial information provider Capital IQ.

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