UK Most Attractive European Tech Hub for Silicon Valley Investors Shows London & Partners Data

LONDON, October 30, 2017 — (PRNewswire) —

The UK is the leading European destination for Silicon Valley investors, with British tech companies raising more venture capital from Bay area VCs than any other European country. According to the investment data released by London & Partners, over the last five years UK tech companies have received more venture capital investment from West Coast investors than France, Germany and Ireland combined.

Silicon Valley investors continue to pump large sums of money into UK tech companies despite Brexit, with 2017 already seeing a record $1.13 billion raised since the beginning of the year. The findings have been released to mark the start of Silicon Valley Comes to the UK (SVC2UK), a week-long series of events bringing together leading figures from the Bay area and UK tech scenes.

Further analysis of the investment data reveals that London tech companies received the majority of venture capital investment from the Bay area, accounting for over 90% ($1.04bn) of the total amount raised by UK tech companies this year. Over the last five years, London tech firms have also raised considerably more capital ($2.5bn) than their European counterparts, with Stockholm ($1.4bn), Berlin ($641m) and Paris ($500m).

London's thriving VC market has been boosted by the number of unicorn companies based in the capital, with separate research from investment firm GP Bullhound revealing that London is home to more unicorns than any other European city. With 17 out of the 53 unicorns founded in London, the UK capital has more unicorns than Stockholm (7), Berlin (5) and Paris (3) combined. Recent London companies to join this year's list include Improbable, Deliveroo and Purple Bricks.  

Sherry Coutu CBE, Co- Founder of SVC2UK and serial entrepreneur: "“With some of best global talent and a strong culture of entrepreneurship, the UK and Silicon Valley are two of the world's leading places to start and scale a technology business. While London has grown to become Europe's largest tech hub, we still have a way to go to emulate the success of Silicon Valley and there is a lot we can learn from each other." 

Manish Madhvani, CEO and Founder of GP Bullhound added: "London's digital economy has demonstrated unprecedented levels of talent, ambition, and investment, delivering an exceptional cohort of billion-dollar businesses. These pioneers have been critical to the rise of European tech and will drive the industry forward to create companies of scale to rival the US and Asia."

To mark the start of the week-long series of events, SVC2UK has today announced the latest cohort of 50 high growth UK technology companies who will join to join the 2017 Scale Up Club. Together the firms have a combined revenue of £94 million in 2016, employing over 1,900 people across the UK. This year's club is made up of some of the UK's fastest growing tech businesses from across a range of sectors, from FinTech to FoodTech - including HomeTouch, the UK's top online care agency, food-sharing app OLIO, and Mumsnet, the country's largest online network for parents.

This year's SVC2UK programme kicks off today in Cambridge, with a debate about 'Our Future', tech and the way it will shape our lives, at the Cambridge Union Society. The programme will then head to London tomorrow (Wednesday 1st) with masterclasses on building strategic partnerships when scaling at campus London and then on accessing finance at Barclays' innovation centre, Rise London, as well as insights from the likes of Renee La Londe, iTalent, and Ellen Levy, Silicon Valley Connect.

The week culminates with the Good Growth Summit on Friday 3rd November, bringing together inspirational women leaders at the Institute of Technology and Engineering. Speakers at this event include SVC2UK Founder, Sherry Coutu, Debbie Woscow, Obi Felten, Google X and a keynote address from Shiza Shahid, CEO of Malala Fund.

This year's summit is being run by London & Partners with support from SVC2UK partners including Mastercard, Google Campus London, Barclays, Softbank, Pennington Manches, Buzzacott, Herbert Smith and Freehills, WSGR, GBx, Pitch@Palace, FieldHouse Associates, Cambridge Wireless, Bradfield Centre, Judge Business School and Bailey Fisher Executive Search.

The full list of Scale Up Club entrepreneurs and the full programme for Silicon Valley Comes to the UK can be found here .

 

SOURCE London & Partners

Contact:
London & Partners
Ben Pattie Email Contact +44 (0)20 3666 5710

 




Review Article Be the first to review this article
Aldec

 True Circuits: Ultra PLL

Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automation of the UVM Register Abstraction Layer
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Virtual 2020 CEO Outlook Set for June 17
Colin WallsEmbedded Software
by Colin Walls
Multiple constructors in C++
Jobs
Senior Analog Design Engineers #5337 for EDA Careers at EAST COAST, California
Software Engineer for EDA Careers at RTP, North Carolina
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Senior Layout Engineer for EDA Careers at EAST COAST, California
Upcoming Events
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020
IEEE Computer Society Annual Symposium on VLSI (ISVLSI) 2020 at Limassol Hotel, Amathus Area, Pareklisia Cyprus - Jul 6 - 8, 2020
57th Design Automation Conference 2020 at San Francisco CA - Jul 19 - 23, 2020



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise