Tech VCs flock to London

london-undegroundDN Capital is going to create a $200 million VC fund based in the Smoke and will invest o software digimedia, mobile apps and e-commerce firms.

But it’s not the only VC firm to set up shop in London. Tech investments worth around $1.4 billion have arrived over the last six months.

The firms include Index Ventures, Balderton Capital, Santander and Google Ventures.  And Dan Cobley, who used to run Google Europe said he will set up Brightridge Capital in London with funds reckoned to amount to $84 million.

London & Partners, Mayor Boris “No Man is an Island” Johnson promotional company, thinks that London is the place for investors looking for high growth.

Gordon Innes, CEO of London & Partners said that the Smoke “is increasingly the place to be for investors.  Funds based in London have access to the cream of the European technology scene, meaning they have the opportunity to invest in the great companies being created in booming clusters such as London’s Tech City”.