Research by Dealroom and London & Partners shows that London-based start-ups raised more than $10bn in funding last year, more than three times the amount any other city in Europe attracted. The $10.5bn in venture capital during a year disrupted by Covid was slightly down on $10.7bn in 2019 but higher than the $5.9bn figure from 2018. Fintech remains the most attractive sector for investors, receiving $4.3bn - almost half of all investment in the industry across Europe. The report says 2020 has “strong” prospects as funds have “unprecedented” amounts of cash to deploy.
Read more: The Times
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