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.