Venture capital investors are driving deal values back up for companies across the North according to new data by KPMG Enterprise's quarterly report on global trends – Venture Pulse.
Despite a decrease in value and volume compared to the first quarter of 2018, the number of VC transactions completed between January and March 2019 was 17, up from 12 in the final quarter of 2018, with the average deal value increasing from £2.17m to £2.91m.
Graham Pearce, northern-based director and head of technology corporate finance at KPMG in the UK, said: "We've seen uncertainty driving investors to quality and compete for the highest quality assets, which has pushed up prices in some corners of the market.
"Overall, I'd say that VC investment is strong in the UK and the North, thanks to a robust start-up ecosystem. We might be witnessing the start of a positive rebound in activity since the end of last year as investors shrug off the volatility and commit to backing the fundamental growth prospects of the exciting start-up community we have developed locally."
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