Tech Investors Are Still in Love With London Despite Brexit
Photo Credit: London has secured more venture capital funding than any other European city since the Brexit vote. Flickr / Garry Knight
Skift Take
So far it seems that London's tech scene hasn't suffered any negative impact from last June's Brexit vote. The bigger test will come when the results of the negotiations are known. Only then will entrepreneurs and investors find out where they stand.
Ever since the UK voted to leave the European Union, there has been an expectation that London’s position as the leading tech hub in Europe would come under threat.
The country might be 18 months from the formal exit date, but at the moment, investors are showing no sign of losing their appetite for spending money in the capital.
Data pulled by London & Partners, the Mayor of London’s promotional agency, from Pitchbook shows that more than $1.5 billion (£1.1 billion) of venture capital funding has been ploughed in to London’s tech sector over the last six months. The figure is the highest ever recorded and is almost double the amount recorded in the same period last year
