British tech startups beat £10bn funding to top global growth

January 17, 2020

BY Alexander Kalis

Investment into the UK’s burgeoning scene of tech startups grew more than anywhere else in the world last year, leaving previous records in the dust as investors sought private markets.

Venture capital funding for UK tech firms reached £10.1bn in 2019, rising 44 per cent year on year and breaking the all-time high set two years earlier.

It surpassed growth in all other countries, including in the US and China, where investment fell 20 per cent and 65 per cent respectively.

Data from Tech Nation and Dealroom today revealed the UK garnered a third of Europe’s £30.4bn total. It received more funding than Germany and France combined, which came in second and third place at £5.4bn and £3.4bn.

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