This article was originally posted on the Tech City UK website.

Venture Capital Investment in London Tech Companies Has Reached $1 Billion in 2014 Already!

The rapid growth of London’s technology sector has been attracting record levels of venture capital, more than $1 billion in 2014 already. With a total of $790 million in the whole of 2013, this represents a remarkable increase of almost 30%. Mayor of London Boris Johnson credited the city’s “reputation for innovation and discovery, allied with outstanding talent” as primary reasons for the capital’s attraction.

Data & research, London