London continues to attract more tech venture capital money than any other city in Europe, new data has indicated.
Britain’s capital pulled in US$6.8 billion (£5.2 billion) in the first half of 2024 said Dealroom, which compiled the statistics, up 41% from this time a year ago.
Paris, second on the European list, pulled in US$4.2 billion with Much a distant third at US$ 1.6 billion, Berlin at US$1.4 billion and Stockholm at US$1.35 billion.
London still trails the US tech centres by some distance with Silicon Valley attracting US$38.8 billion, US$14.2 billion and Boston US$8.8 billion.
Dealroom added that investment in London accelerated as 2024 progressed with US4.4billion in the second quarter up 47% with fintech, transportation, enterprise software, energy and health software getting most of the cash.
London has also seen five new unicorns or businesses valued at more than US$ 1 billion created during 2024 -Wayve, EyeBio, Preqin, Intra Bio and Minute Media -taking its total to 111.