The UK has continued to lead the way for funding activity in the European technology sector, both in terms of startups attracting investment and UK-based investors fuelling the continent’s exciting new talent.
British startups secured almost a quarter of all early-stage tech investment in Europe in the last three years, according to new figures revealed late last night by Stripe, Tech.eu, and Techstars. This included €790m (£690m) of funding into the UK in the first six months of 2018 alone.
The UK’s fintech startups made up the continent’s top performing sector, led by the likes of Monzo, Revolut and Transferwise to rake in €830m since 2015. The next largest market, Germany, scored less than half of that amount to bring in €402m over the same period.
Artificial intelligence (AI), the UK’s most up and coming tech sector, was not too far behind as it was confirmed that the UK houses double the number of AI companies than France and Germany combined.
London also cemented its role as a the top European city for bubbling tech activity, hosting more tech events than Paris, Berlin, Dublin and Amsterdam put together.