European VC funding has bounced back. That’s
according to Q2 figures produced by Dow Jones VentureSource which reports
that investment is up by 50 percent compared to the record low of this
time last year. €1.1 billion into 289 deals against 252 deals, which
raised just €735 million.
But specifically, says Dow Jones, the Information Technology (IT) industry, which apparently accounted for much of the venture market’s losses during the economic downturn, was the “star performer” in the most recent quarter. IT saw a 69% increase in investment from the second quarter last year to €334 million, as well as a 13% increase in deal flow to 90 completed deals. For the first time in two years, the report notes, IT was Europe’s largest industry for venture investment, taking 31% of overall investment.
To read the full, original article click on this link: European VC Funding Bounces Back, Information Technology Is “Star Performer”
Author: Steve O'Hear
