Tech companies in Britain raised record £26bn in funding this year – nearly double that in Germany and more than triple the amount in France










Tech companies in Britain have raised a record £26billion in funding this year – nearly double that in Germany and more than triple the amount in France. 

In a further sign of post-Brexit health, UK tech investment comprises 35 per cent of the £76billion ploughed into European projects this year. 

The benefits are being felt nationwide – with a third of the money going to companies outside the South East, according to figures for the UK’s Digital Economy Council compiled by Dealroom and Adzuna. 

A shining light: UK tech investment comprises 35 per cent of the £76billion ploughed into European projects this year

A shining light: UK tech investment comprises 35 per cent of the £76billion ploughed into European projects this year

Twenty-one companies have achieved the status of “unicorn” for the first time in history.

The £26billion total investment is more than double last year’s £11.5billion. 

This cash was more than three-quarters of the total. 

Eileen Burbidge is the founder of Passion Capital investment firm. She stated that’more and more ambitious entrepreneurs launch start-ups here in the UK. 

Nigel Toon from Graphcore (Bristol-based) stated that “there is no longer any discussion on if it’s possible for you to create a multi-billion dollar technology business in the UK.”

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