More technology companies than ever before are investing in London.
More technology companies than ever before are investing in London. Over the past four years (since 2010-11) London has experienced a 63% increase in the number of information communications and tech (ICT) companies investing in London from overseas.
Venture Capital investment into London’s tech sector has continued to grow apace. In 2014, more than $1.35 billion was invested in London tech firms – significantly ahead of the previous full year record of $756 million raised during 2013 (6). London is home to some of the world’s most innovative and creative businesses in convergence sectors such as FinTech, AdTech and RetailTech. There are now 34,400 digital technology businesses in London, and the sector has grown by 28% in the last five years.
“The tech talent that we were going to be able to leverage in London swayed us. We felt that we needed enthusiastic, vibrant, innovative teams and London really has that.”
Nick Noyer, Director, EMEA Marketing, Box