According to new figures technology companies across the UK attracted record levels of venture capital funding in 2014, with London-based tech firms securing more than 65 per cent of the total.
The money raised demonstrates just how quickly the technology sector is growing in London and the UK. Venture capital investment into London’s tech sector is now 20 times greater than in 2010. The Mayor of London Boris Johnson said: “Our tech sector has fostered bucket loads of innovation and entrepreneurialism, and is now becoming an industry that’s changing the way the world does business, creating real jobs and economic growth both in London and across the entire country.
London is rapidly becoming one of the most exciting tech markets in the world. The record level of investment in Britain’s tech sector is proof that the UK is well on its way to becoming a world leader in digital technology innovation.