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UK tech sector raises £24bn in 2022 – the highest in Europe

UK tech investment 2022

UK tech businesses raised £24bn in 2022, the most of any country in Europe, but down on the £29.4bn raised last year as economic headwinds caused a significant drop in the second half of the year.

Research from Dealroom on behalf of the UK’s Digital Economy Council, part of DCMS, showed that Britain was followed by France (£11.8bn) and Germany (£9.1bn).

In 2022 the UK was home to 85,000 startups and scaleups and to date has made 144 unicorns. There were 28 companies that reached a $1bn private valuation in 2022, including AI talent platform Beamery which became a unicorn this month.

The £24bn adds a significant amount to the UK tech sector’s total funding which now stands at £97bn in the last five years....