No decline in appetite
Brexit uncertainty ‘fails to slow venture capital flow’
Amy Burnett, manager, KPMG Enterprise with Catherine Burnet, senior partner
Venture capital investment into Scotland remains robust in spite of Brexit uncertainty, according to new figures.
More than £32 million of venture capital was invested into Scottish start-ups in the third quarter of 2019, according to KPMG’s latest Venture Pulse survey.
The figures, compiled by Pitchbook, reveal that both deal volume has dipped slightly, from 16 deals in the previous quarter, to 13 in Q3, deal value has increased, from £23.8 million in the second quarter of 2019, to £32.42 million in quarter three.
The start-ups that benefited from funding included life sciences business, firms focused on agri-tech, and manufacturing business, with nine based in Edinburgh and the Borders, three in Glasgow and West Central Scotland, and one in Dundee.