Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

London startup Cool Cousin raises $2m Seed

Investments

AI-powered authentication platform Callsign raises $35m to boost global expansion

Investments

InsurTech startup Brolly gets £1m Seed co-led by Valar Ventures and Pi Labs

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

UK ranks second for global tech exits in H1 2016

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

The UK has ranked second in terms of the number of global tech exits to have taken place throughout the first half of 2016, according to a recent report.

Perhaps unsurprisingly, the US led the ranking while India, Canada and Germany came in third, fourth and fifth place.

In stark contrast, CB Insights’ ‘Global Tech Exits Report H1 2016‘ shows that China failed to make the top 10, having previously finished 2015 at number seven.

UK ‘ranks third for global FinTech VC funding as firms raise $564m in H1 2017’

Share of exits

Additionally, the report says that every country in the top five had exits dominated by the internet sector.

Some 55% of tech exits in the UK were related to the internet sector whilst 11% happened in the mobile and telecommunications industry.

10% of UK tech exits were concentrated in the software space, 18% in computer and hardware services, 4% in electronics and 1% product and services.

The report says:  “It’s not surprising that internet exits attracted the most attention. Mobile exits have slowed down, reaching a five quarter low to account for 15% of global tech exits in Q2’16.”

European exit activity

The report also found that European M&A activity improved somewhat, with 208 acquisitions and three initial public offerings (IPO) taking place in the second quarter of this year.

In this instance, the UK topped the ranking with 135 mergers and acquisitions and one IPO.

Notable mergers in the UK included Apical’s $350m deal with ARM, Microsoft’s $250m acquisition of Swiftkey and Twitter’s deal to buy Magic Pony for $150m.

Germany came in second with 63 M&A deals and one IPO. France followed with 38 mergers and acquisitions.

Interested in reading more about tech exits? Check out our editor Emily Spaven’s latest feature on the subject.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

cool cousin app

London startup Cool Cousin raises $2m Seed
posted 2 hours ago

callsign

AI-powered authentication platform Callsign raises $35m to boost global expansion
posted 3 hours ago

man smiling at colleague

InsurTech startup Brolly gets £1m Seed co-led by Valar Ventures and Pi Labs
posted 4 hours ago

liverpool the north of england

What’s stopping the North of England becoming a major tech hub?
posted 6 hours ago

Limejump

Limejump closes £3m Series A to disrupt the energy utility market
posted 20 hours ago

startup empty office

Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market
posted 21 hours ago