The UK has ranked second globally in terms of tech exits in 2016.
According to the ‘Global Tech Exits’ report, released by CB Insights today, the United States came on top with more than 1600 tech exits completed last year.
India came in third, followed by Canada, Germany and France which ranked in fourth, fifth and sixth place respectively.
Other European countries such as Sweden and the Netherlands also made the top 10.
UK sector share
Some 55% of exits in the UK were completed by companies operating in the internet space.
In contrast, only 13% of UK tech exits were carried out by companies in the mobile and telecommunications space.
Additionally, of those that exited in 2016 15% were software companies, 5% operated in the electronics space and just 1% developed consumer products and services.
Comparison to H1 2016
According a previous report, the UK was also ranked in second place throughout H1 2016.
Similarly, the US seems to have maintained its leading position as it was ranked first in the first half of last year.