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The ten largest technology venture capital investments of Q1 2015

With the tenth largest deal during the first three months of 2015 totalling £17m, the period was a particularly active one for technology firms growing through venture capital investments.
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UK and Irish technology businesses closed deals worth a disclosed £635m, from 133 transactions worth over £500,000, during Q1 2015. The figures, from Ascendant Corporate Finance, marked an 18 per cent improvement rate over the corresponding period in 2014 when it comes to value, and 56 per cent in volume.

The software fundraising space grew by 70 per cent in value and 112 per cent in volume, over 2012. The most active regions were London and Scotland, responsible for 50 per cent and 17 per cent of deals respectively – London’s share of VC money was 77 per cent.

On a city-by-city basis, 64 London tech companies received VC, 13 in Edinburgh and 10 in Dublin

The 10 biggest deals were:

(1) WorldRemit 

Amount: £65m

Sector: Fintech

Investors: Accel Partners, Technology Crossover Ventures

Spending it on: Expanding US office and targeting more emerging markets

WorldRemit: The secrets to closing a $100m venture capital funding deal

(2) Farfetch

Amount: £58m

Sector: Ecommerce

Investors: Jose Marin, Fabrice Grinda, e.ventures, DST Global, Vitruvian Partners, Condé Nast

Spending it on: International expansion with new local language sites, opening new offices in global markets, fuel omni-channel growth and customer propositions including launching same-day delivery

(3) TransferWise 

Amount: £38m

Sector: Fintech

Investors: Seedcamp, IA Ventures, Index Ventures, Valar Ventures, Richard Branson, Andreessen Horowitz

Spending it on: Open office in the US, Germany and Australia, double number of “currency routes” from 292

(4) Blippar

Amount: £30m

Sector: Video and augmented reality

Investors: Qualcomm Ventures, Landsdowne Partners

Spending it on: Expand engineering team and extend global reach of image-recognition capabilities

(5) Green Biologics 

Amount: £28m

Sector: Agriculture technology

Investors: ConvergInce Holdings, Morningside Technology Partners, Oxford Capital Partners, Capricorn Venture Partners, Sofinnova Partners, Swire Pacific

Spending it on: Expand production, convenrt a Minnesota ethanol plant to make butanol and acetone

Read on to find out which other companies made the top ten, including one that helps you identify music.

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About Author

Hunter Ruthven

Hunter Ruthven is the editor of Real Business. He is also the editor of Business Advice, a title focused solely on a section of the business community currently underserved – micro companies. Alongside this, he is part of the team that hosts the Growing Business Awards, First Women Awards and Future 50 initiative.

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