What 2018 has in store for UK tech

Jan 3, 2018 · Guest post from Russ Shaw, founder of Tech London Advocates and Global Tech Advocates, for UKTN

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Another year in the thriving UK tech sector has come and gone, and despite uncertainties that continue to linger within the current political climate, it was once more a hugely successful year for the country’s technology industry.

Whether it be the enormous fundraising success of VR firm Improbable, or the continued prosperity of the FinTech sector, British startups are showcasing strength and innovation on a global scale, and we can be confident 2018 will offer more of the same.

Verticals

Despite concerns around the Brexit negotiations, growth in key tech verticals has been on the rise. The FinTech investment market has looked particularly healthy, with recent data from London & Partners and Pitchbook showing that as of October more than £760m of VC funding had been ploughed into the UK tech firms disrupting the finance sector, indicating a scale of investment that is set to break new records.

There are no signs of this trend in the FinTech sphere coming to an end, and in the new year we will likely see one or two very high profile FinTech IPOs on the London Stock Exchange, which is set to cement the vertical as the jewel in the crown of UK tech.

In addition, 2018 will also bring greater recognition and market attention for new and exciting verticals that are emerging alongside established areas. CreativeTech, RetailTech, DeepTech, FoodTech and InsurTech are all on the rise, and innovation in these new spheres is set to attract considerable investor attention in the coming year.

Guest post from Russ Shaw, founder of Tech London Advocates and Global Tech Advocates, for UKTN

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