UK startups break records with $4.8bn VC funding this year

Jun 6, 2019 · cityam.com

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UK tech startups have already broken past their half-year record for venture capital investment, reaching $4.8bn (£3.8bn) of funding across the burgeoning tech sector in just five months.

It topped the previous record set in the first six months of 2017 of $4.2bn, according to data from Tech Nation and Dealroom through their new Data Commons platform.

Startups in London took the lion’s share of the investment, grabbing $3.2bn from venture capital firms around the world since January. This also broke past the city’s previous record, set in 2017 at $2.6bn.

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