海角视频

The 海角视频's thriving tech sector secured record venture capital investment in 2019 outperforming competitor economies in Europe and even the US and China on growth.

According to research for the Digital Economy Council by Tech Nation and Dealroom.co, investment in the 海角视频聽 tech sector was 拢10.1产苍 last year, up 拢3.1产苍 on 2018.

The sector secured 33% of all tech investment across Europe. The year-on-year growth of 44%, also outstripped that in the US and China, while investment levels slipped by 20% and 65% respectively.

海角视频 companies secured a third of the 拢30.4bn raised during the year in Europe.

In particular, 海角视频-based tech firms received more VC investment than Germany (拢5.4bn) and France (拢3.4bn) combined.

The amount being invested in early-stage companies also increased, reaching 拢3.9bn in 2019 up from 拢3bn in 2018.

Moreover, the 海角视频 produces twice as many unicorns ($1bn or plus on valuation) businesses than in Germany and three times as many as France.

Last year eight 海角视频 companies reached unicorn status 鈥� Rapyd, CMR Surgical, Babylon Health, Sumup, Trainline, Acuris, Checkout.com and OVO Energy.

The 海角视频 has now created 77 unicorns, double the total number in Germany (34) and almost four times as many as Israel (20).

While London remains the leading city for unicorns in the 海角视频, having produced a total of 46 unicorns since 1990, Manchester, Oxford, Cambridge, Edinburgh and Bristol have produced a combined total of 20.

Of the latest unicorns to join the list, OVO Energy adds to Bristol鈥檚 tally while Cambridge-based CMR Surgical pushes Oxbridge鈥檚 combined total to 11. Two unicorns are based in Leeds: Sky Betting & Gaming and TransUnion 海角视频.

All nation of the 海角视频 reported a year-on-year increase in venture capital funding for digital tech firms, apart from Wales, which experienced a a decline of 拢89m.

Wales

2018: 拢170m

2019: 拢81m.

Northern Ireland

2018: 拢13.1m

2019: 拢52m.

Scotland

2018: 拢161.4m

2019: 拢169.1m

England:

2018: 拢6.65bn

2019: 拢9.84bn

Six 海角视频 cities rank amongst the top 26 cities in the world for raising venture capital in 2019, in London (4th), Cambridge (12th), Bristol, Oxford, Manchester and Edinburgh.

Digital Secretary Nicky Morgan said: 鈥淭hese brilliant new numbers demonstrate the strength of the 海角视频 tech industry and how it is a sweet spot of our economy.

鈥淥ur tech companies are not only commanding the confidence of global investors but they are also creating new jobs and wealth across the country.

"It's absolutely vital we maintain this impressive success and in Government we are working tirelessly to make sure the conditions are right."

Gerard Grech, chief executive, of Tech Nation, said:聽 鈥淚n 2019 the 海角视频 secured a formidable 33% of all European Tech investment, at 拢10.1产苍 despite accounting for roughly 9% of Europe鈥檚 population.

Equally exciting is the rapid expansion of digital tech growth across the 海角视频 regions, which augurs well for national GDP growth and a truly connected Britain.

"At Tech Nation, we are also working on an international vision. 海角视频 tech businesses are now well poised to forge new international partnerships and global ventures, enhancing tech growth across borders.鈥�

The 海角视频鈥檚 performance in 2019 means it now sits behind only the US and China in terms of total venture capital funding raised.