UK tech start-ups secure record funding in 2015

financingUK tech start-ups secured a record-breaking £2.47m in venture capital funding in 2015, according to data from London & Partners. The amount invested is a huge 70% on 2014’s figures of £1.44bn.

London-based companies were responsible for the lion’s share of the 2015 investment, securing £1.57m in funding and representing a 69% on the city’s 2014 figures.

The UK tech sector has raised $9.7bn since 2010, with the fin-tech sector increasingly dominating. Indeed, fin-tech accounted for 25% of all investment raised by tech start-ups in 2015.

Two stand-out start-ups from the year gone include Deliveroo, which raised over £130m across three fundraisings, and peer-to-peer lending service Funding Circle – which claimed the biggest investment of 2015. In a round led by DST Global, Funding Circle raised £103m.

“With a flourishing tech scene and one of the world’s leading financial centres, it is no surprise to see that London’s tech companies are attracting record levels of investment”, said Boris Johnson.

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