Record year for London VC investment
London firms received more investment from US VCs this year than ever before.
This is according to new figures from Pitchbook and London & Partners, which suggest that American investors were involved in deals with UK companies worth a total of £3.4 billion during the year.
Of that sum, companies based in London accounted for more than three-quarters.
Fintech firms were especially enticing for investors, with business in the sector attracting much of the cash.
Monzo, the challenger bank, was amongst the firms securing the largest investments, with its $144 million Series F.
Meanwhile data privacy company Onetrust was the subject of a $200 million deal.
Commenting on the research, co-founder of Silicon Valley Comes To The UK, a not-for-profit run by London & Partners, said: “The UK remains a top place for global investors because it is now producing high volumes of scale-up companies.
“While Brexit has created some uncertainty, investors from the US and further afield continue to look to London as Europe’s leading tech hub because it is home to world class talent and an abundance of innovative companies – especially in areas such as fintech, cybersecurity and artificial intelligence.”