Ed Lascelles, partner at Albion Capital, looks at UKTN’s proprietary data to decipher UK tech investment trends during Q3 2017.
Data from UKTN’s investment tracker shows that London has continued its dominant position as a hub for UK tech, providing a base for 78% of the startup and scaleup businesses that raised finance in Q3 2017.
Notably, there is strong performance where you see cross-functional expertise – industries where London is strong, such as financial services, pharma and media, utilising breakthrough technologies such as AI or VR.
Recent and ongoing developments in open source software and cloud infrastructure continue to underpin the creation of a remarkable number of startups. We can see how businesses are benefitting from an ever reducing cost to prototype a business model. ...