Investment in Northern Ireland tech firms reached its highest level ever in 2021, hitting over £100million, with the number of deals and average deal size also topping all previous figures, according to new data published by Catalyst today.
The annual NI Deal Tracker report revealed that £100.7million was invested across 66 deals in locally based innovation companies in 2021, a 127% rise in the value of transactions completed the previous year.
The average amount invested in each deal was more than £1.5million, an increase of more than £387,000 on the average funding round recorded in 2020.
The report also noted that 24 companies received a 1st round investment during the year and the number of deals over £5m increased to four from three the year before.
The report estimated that deals involving Northern Ireland companies represented 9% of all venture capital activity on the island of Ireland in 2021, where total investment reached a record high of €1.3billion.
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