May 20, 2024
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London keeps crown as Europe’s top tech investment hub

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Relaxnews

London remains Europe’s biggest hub for technology start-ups despite the twin challenges of Brexit and Covid, a study showed Thursday. The Mayor’s promotional agency London & Partners said $25.5 billion (22.4 billion euros) was invested in fledgling tech firms in 2021. That was more than double the level in the previous year, L&P added in a statement citing figures from data specialist Dealroom. Europe-wide tech investment also more than doubled to reach $115 billion. “Despite the challenges posed by Brexit and coronavirus, the strong performance and rapid growth of London’s tech sector in 202…

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