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Cambridge is leading regional tech hub as UK draws record investment
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theguardian.comThe UK technology sector drew a record £29.4bn in investment this year, according to research, with Cambridge declared the country’s leading regional tech city.
The bumper injection of funding from venture capitalists, who invest in new companies by taking stakes in them, is more than double last year’s total of £11.5bn.
The number of unicorns – startup firms worth more than $1bn (£750m) – reached a high of 29 in 2021 including Depop, the British secondhand fashion resale app sold to US online marketplace Etsy for $1.6bn this year, and the car-selling platform Motorway.
This increase in $1bn companies brings the total number of unicorns in the UK to 116, according to figures published by the government’s Digital Economy Council, an advisory
Read more on theguardian.comAbout this in other media
Private equity firms funded tech deals with record $402bn fnlondon.com /2 years ago
Private equity firms backed tech deals with record $402bn in funding fnlondon.com /2 years ago
Will US regulators shake stablecoins into high-tech banks? cointelegraph.com /2 years ago
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