Start-Up Tech companies in UK attracting record investment

New data reveals that early stage businesses in the UK attracted about £3bn in investment last year, almost double the amount raised in 2016 and more than four times the amount secured by start-ups in France and Germany.

London Mayor Sadiq Khan said the figures from Pitchbook, a company that analyses the venture capital sector, serve as “further proof [that] London is the undisputed tech capital of Europe,” adding that entrepreneurs were attracted to London for its “diverse talent pool and unique business ecosystem” and that he is committed to “ensuring we take over from Silicon Valley as the world’s leading tech hub.”

Meanwhile, Hussein Kanji of the venture capital firm Hoxton Ventures has predicted US investors will become even more active in Britain after Brexit. “I don’t think the US funds care about Brexit, just about the quality of the individual companies. And we have the most high-quality companies in all of Europe,” he said.

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