Bulletin

Investment in UK tech firms soars to £1.4bn

Data compiled by CB Insights shows a record $2.1bn (£1.4bn) in venture capital funding was invested in UK technology businesses in 2014, nearly double that of 2013. Notable deals included travel search engine operator Momondo Group raising $130m, peer-to-peer lender Funding Circle's $65m funding round and online payment specialist Powa Technologies raising $80m. The near-$1bn rise in funding represents the biggest annual increase in technology investment in the last four years. Overall, 284 technology companies managed to attract institutional funding in 2014. However, questions have been asked about how London-focused the booming sector is. Some 67% of all venture capital funding raised by UK technology businesses was ploughed into London-based companies against just 8.78% in 2010.

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?