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

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin

Where Next?