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City tech start-ups targeted by Silicon Valley law firm

Silicon Valley law firm Cooley, whose client list includes Google, Facebook and Linked-In, has claimed that London's technology startups are beginning to mature into a hub that is attracting global investors in increasing numbers. Chief executive Joe Conroy says his private equity and venture capital clients are increasingly heading towards London hoping to find the next big thing. British start-ups raised $1.4bn (£923m) in venture capital funding last year, about double 2013's sum, according to the promotional organisation London & Partners. Firms based in the capital represented 65% of this total. Cooley is launching a London office with 55 lawyers, offering technology start-ups tailored services such as early-stage financing and data privacy advice.

 

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