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London ranks fourth globally for VC tech investment

london vc investment

Last year London tech startups raised a record $25.5bn (£18.55bn), making it the fourth-highest city for VC investment globally.

The UK capital sits behind San Francisco ($98.5bn), New York ($47.5bn) and Greater Boston ($29bn) for VC investment.

Research by business growth agency London & Partners and startup data firm Dealroom shows that megarounds of $100m or more and high-profile exits helped propel London up the VC investment rankings.

The dry powder in London’s tech ecosystem created a record 20 unicorns – startups valued at over $1bn. New unicorns include insurtech Marshmallow and fintech Starling Bank.

It brings the total number of unicorns in London to 75, putting it once again in fourth place globally behind the San Francisco Bay Area, New York and Boston....