Report: UK tech startups raised a record $15B in 2020, higher than any country besides US ($144B) and China ($44.6B), and $8B in the first three months of 2021
Tech sector pulls away from France and Germany despite pandemic and Brexit challenges — The UK tech sector attracted record investment … Source: Tech Nation .
UK's climate tech growth came from higher investment per deal rather than more deals, showing a maturing sector focusing on R&D and high-growth companies. Wales saw radical developments in 2020; a £150m deal for @riversimple which manufactures hydrogen-powered electric vehicles
Hull stands out in 2020, ranking 6th for UK tech investment by city with $108m. Its previous highest rank was 14th in 2017 ($14.9m). Smart city business @Connexin raised £80m alone, showing the impact of high-growth businesses in regional economies https://twitter.com/...
2020 data highlights important roles for both domestic & foreign investors; since only 15% of pre-seed startups progress beyond Series C, UK investors -supporting 63% of seed funding- are a vital contribution alongside non-UK sources driving ‘megarounds’ https://technation.io/...
The pandemic not only highlighted the importance of health technology but also challenged the idea that startups in major cities like London have an advantage. England's North West experienced the highest growth in #healthtech investment from 2019 - up 224% from £25m to £82m.
While 49.8% of workers in the UK are women, in tech it's half that, at 25.5%. The disparity is even wider for investment; only 3% of VC funding went to all-female founding teams, yet 68% went to all-male founding teams over the last decade https://technation.io/...