Skip to content
Premium Symbol Premium

Report: UK tech retains top spot for VC funding in Europe despite Brexit

London FinTech

UK tech companies received more venture capital investment than any other country in Europe since the Brexit referendum.

According to London & Partners, the Mayor of London’s promotional agency, record levels of VC investment at the start of 2017 helped London maintain its crown as Europe’s number one technology hub for global investors.

The data suggests that more than £1.1bn was pumped into London’s technology sector over the past six months, wihile the total amount of cash invested across the UK between 1st January and 1st June topped £1.3bn.

London received more than £1.8bn in VC funding across 544 deals – more than double the amount of investment poured into Berlin (the second largest city for VC investment), which saw £775m invested across 136 deals since the EU referendum....