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Opinion: VCs need to overcome their London investment bias

London investment bias
Image Credit: Praetura Ventures

Despite all the talk around “levelling up” and tech innovations coming out of everywhere from Sheffield to Southampton, it’s unsurprising to see that it’s London, not the wider UK, taking the limelight.

According to 2021 data from Dealroom and TechNation, London tech startups raised an astounding $10.8bn in the first six months of the year. That’s just £100m shy of the $10.9bn the capital’s tech businesses raised across the whole of 2020.

While the numbers are impressive, the truth is that a fixation with London’s tech sector is taking investment away from other UK areas.

Much has been made about the investment bias towards London and the attention the City gets from UK and foreign investors – and with good reason....

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