UK tech firms attract record $15bn in venture capital funding

Investments in 2020 are higher than in rest of Europe combined and help to create seven ‘unicorns’

UK technology companies attracted a record $15bn (£11.2bn) in venture capital funding in 2020, including the creation of seven “unicorn” firms valued at more than $1bn.

The firms raised more money from VC investors than the rest of Europe combined, according to research by the data provider Dealroom. The $15bn total compares with the previous record of $14.8bn in 2019.

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January 1, 2021