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KPMG report predicts increased investment in UK blockchain, AI and IoT startups

KPMG Venture Pulse report Q1 2017

Investor sentiment appears positive despite UK PM Theresa May triggering Article 50, with expectations of increased levels of activity set to take place across sectors such as AI, IoT and blockchain.

That’s according to ‘KPMG’s Venture Pulse Q1 2017′ report, which noted that despite sentiment remaining positive, political uncertainty did result in a somewhat slow European VC market at the beginning of this year.

Although there was a drop both in terms of deal activity and total investment volume during Q1, the report goes on to note that there are positive signs for a turnaround.

Major technology companies, the report says, are continuing to show their long-term confidence in the UK’s ecosystem. In order to support this claim, the report cites Apple’s, Snap’s and SoftBank’s decision to chose London as the base for its international headquarters....