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London tech saw 29% drop in VC funding but still raised more than any other EU city in 2018

https://venturebeat.com/2019/01/09/london-tech-saw-29-drop-in-vc-funding-but-still-raised-more-than-any-other-eu-city-in-2018/
See More From: venturebeat.com   ( Business & Career > Business )

Jan 9, 2019 6:00 AM 3+ mon ago

London tech saw 29% drop in VC funding but still raised more than any other EU city in 2018

London tech saw 29% drop in VC funding but still raised more than any other EU city in 2018

Investments in London-based technology companies fell by 29 percent in 2018, but tech firms in the U.K. capital still managed to attract nearly double the amount raised by their counterparts in other European cities.

The annual findings were published by London's promotional firm London & Partners, in tandem with data and research company PItchBook.

Despite the dark Brexit cloud looming over the U.K., London companies attracted -L-1.8 billion ($2.3 billion) last year -- roughly 90 percent more than the -L-936.53 million ($1.2 billion) garnered by Berlin companies, which grabbed the number two spot. Paris, meanwhile, drew in -L-797 million ($1,017 billion) to nab third place, followed by Stockholm (-L-224.23 million/$286 million) and Barcelona (-L-182.74 million/$232 million).

This means London companies raised almost the same amount as the second, ...

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