London stays Europe’s largest hub for expertise startups regardless of the dual challenges of Brexit and Covid, a examine confirmed Thursday.
The Mayor’s promotional company London & Partners mentioned US$25.5bil (€22.4bil or RM106.62bil) was invested in fledgling tech corporations in 2021.
That was greater than double the extent within the earlier 12 months, L&P added in a press release citing figures from knowledge specialist Dealroom.
Europe-wide tech investment additionally greater than doubled to achieve US$115bil (RM480.87bil).
“Despite the challenges posed by Brexit and coronavirus, the strong performance and rapid growth of London’s tech sector in 2021 suggests the city is competing strongly on the world stage,” the company added.
London can also be the fourth largest world hub for tech sector investment. Berlin is the one different European metropolis within the top ten with tech investment of US$11.1bil (RM46.41bil).
San Francisco tops the record in first place with US$100.9bil (RM421.91bil). Global tech start-up investment in the meantime doubled to a complete of US$675bil (RM2.82 trillion).
The survey was printed sooner or later after on-line funds processing big Checkout.com revealed {that a} new fundraising spherical took its worth to US$40bil (€35bil or RM167.26bil), reportedly making it Britain’s largest fintech startup. – AFP Relaxnews
