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Writer's pictureHK Euro Auditor

UK tech firms attract record $15bn in venture capital funding

UK technology companies attracted a record $15bn (£11.2bn) in venture capital funding in 2020, including the creation of seven “unicorn” firms valued at more than $1bn. The firms raised more money from VC investors than the rest of Europe combined, according to research by the data provider Dealroom. The $15bn total compares with the previous record of $14.8bn in 2019. The investments helped create seven unicorns – : the electric vehicle startup Arrival, the recipe box company Gousto, the green energy provider Octopus Energy, the e-commerce platforms Gymshark and Cazoo, and the cloud communications platform Infobip.

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