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Ollie Williams said that Undeterred by Brexit or the Covid-19 pandemic, technology firms in London attracted $10.5 billion in venture capital money last year, a new record for the U.K. and Europe.
Fintech (financial technology) firm Revolut, electric vehicle maker Arrival, and renewable energy provider Octopus Energy led the capital’s tech firms to new highs according to a report released on Thursday (14 January) from the Mayor of London and Dealroom.co.
“London is the global tech capital of Europe,” says Sadiq Khan, the Mayor of London. Last year the city attract more tech investment than Berlin, Paris and Stockholm combined, according to data from Dealroom.co, which tracks European venture capital money.
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