London Tech Week: UK extends European lead in technology investing with record $5bn this year

This article was originally published on this site

UK technology companies have extended their lead against European rivals with a record $5bn (£3.9bn) in venture capital in the first six months of 2019 after a wave of major deals.

London now ranks second only to the San Francisco Bay Area in new $1bn financial technology companies, at 18.

This year has seen major investment in UK start-ups, such as Amazon’s $575m investment in food delivery start-up Deliveroo, $800m from Japan’s Softbank into finance start-up Greensill, and further deals for the likes of, Starling Bank and Ovo Energy. 

The report from Tech Nation and Deal Room, ahead of London Tech Week, shows businesses that were once raising small amounts of capital as start-ups…