Rising investment in “technology” in 2021, London will dominate Europe

Rising investment in "technology" in 2021, London will dominate Europe

Despite Brexit, of the total $ 115 billion on the continent, only British capital raised $ 25.5 billion.

Investment in technology start-ups increased globally last year after a record year of London consolidating its dominance in Europe, according to a study released Thursday by the Technology Promotion Organization.

Tech start-ups are projected to raise $ 675 billion worldwide by 2021, according to figures released by London & Partners and provided by Consultancy Dealroom.

Despite the epidemic and Brexit, London was at the forefront of Europe: British capital alone raised $ 25.5 billion out of a total of $ 115 billion on the continent, doubling in both cases.

London ranks fourth globally, behind the world number one San Francisco region (100.9 billion), but the other European city to slip into the top 10 on the continent ahead of Berlin (11.1 billion).

New “Unicorns”

Nationwide, UK technology companies raised $ 39.8 billion last year, from Germany ($ 19.9 billion) and France ($ 12.9 billion).

UK technology was marked by an increase of more than $ 100 million in financial circuits and news last year “Unicorns” (Starting more than a billion dollars, editor’s note) More than in previous years: they are now 75 or 20 more than 2020.

British fintech Checkout.com, a specialist in payment services, on Wednesday announced a $ 1 billion fundraiser, raising its rating to $ 40 billion after raising funds already last year.

According to press reports, it is being pushed to the top spot by British Fintech.

According to the study, the total value of London “tech” companies established since 2000 exceeded $ 500 billion (+ 70%) last year.

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About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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