The UK remains the tech capital of Europe, according to beancounters working for London and Partners.
A report into which companies have received the most VC funding shows that British tech firms have received £5 billion worth of VC funding since June 2016 – more than France (£1.55 billion), Germany (£2.15 billion) and Sweden (£644 million).
Tech firms in London pulled in £4 billion, ahead of Paris (£1.14 billion), Berlin (£814 million) and Stockholm (£542 million).
In the last year, British finetch firms such as TransferWise secured £211 million and Monzo £71 million in investment. Meanwhile, a recent £177m injection for Revolut, has made it the UK’s latest unicorn company, valued at a cool billion.
It joins the list of 13 others, helping the country maintain the mantle of Europe’s unicorn capital with 37 per cent of Europe’s total unicorn companies.
London Tech Week ambassador and angel investor Sherry Coutu CBE said: “From Artificial Intelligence to cybersecurity, EdTech and GovTech, the UK is home to companies that are leading the way in developing and implementing the latest cutting-edge technologies.”
