Industry News

Conference

05 Jan 2018

London leads record year for UK tech despite Brexit

Sam Clark

Business is good for UK technology as it topped the European investment tables, spearheaded by London.

In the first full year since the Brexit vote, happy venture capitalists plunged £2.99 billion into tech firms in the UK in 2017; nearly twice what was invested the year before.

The vast majority of that investment happened within the M25, with £2.45 billion of venture capital investment going into London in 2017, amounting to around 80% of the entire figure.

Not only did London receive the lion’s share of the UK’s funding, the UK took most of Europe’s. As well as finding itself top of the pecking order, the country took home more than many other major European economies put together.

Firms in Germany received £694 million, less than a quarter of the UK’s total and nearly £2 billion less than the capital city alone. UK tech firms received more funding than neighbours France, Ireland and Sweden combined.

Sadiq Khan, London’s mayor, stated his intention to ultimately overthrow Silicon Valley, saying: “Today’s record investment figures are further proof that London is the undisputed tech capital of Europe and I am committed to ensuring we take over from Silicon Valley as the world’s leading tech hub.”

The mayor also made reference to fears over the state of immigration in the UK following its departure from the European Union, saying, “technology entrepreneurs and businesses are attracted to our great city for its diverse talent pool and unique business ecosystem and I am determined that London remains open to investment and the best tech talent from all over the world.”

Some major deals that contributed to such an exceptional year for the capital city include a £391 million funding round into game development platform unicorn Improbable and £364 million into popular takeaway app Deliveroo.

However, the highest proportion of investment went into the pockets of London based fintech bosses, with a total of £1.34 billion going in that direction. Other major winners were artificial intelligence firms such as Callsign, which received funding of around £27 million.

Eileen Burbidge, partner at VC firm Passion Capital, said: “It’s a testament to our exceptional entrepreneurs that the UK tech sector continues to produce companies that are leading in the development of cutting edge technologies such as artificial intelligence and fintech.

“This environment and ecosystem of innovation presents tremendous opportunities for investors and will help to attract global investment into the UK’s digital economy for many years to come.”

View all Industry News
Loading

Latest News

2019 Sponsors

Diamond Sponsor

  • Huawei Technologies

Theatre Sponsors

  • Netpoleon
  • McAfee
  • Senetas

VIP Lounge Sponsor

  • Cyfirma

Platinum Sponsors

  • Cloudfare
  • McAfee

Platinum Sponsors

  • Pacific Tech
  • Sophos

Gold Sponsors

  • Aversafe
  • Barracuda
  • BlackBerry Cylance
  • Cato Networks
  • CISCO Meraki

Gold Sponsors

  • Forcepoint
  • Forescout
  • Fortinet
  • IBM

Gold Sponsors

  • Retarus
  • Silver Peak
  • Singtel
  • Telstra
  • Zscaler

Silver Sponsors

  • Halodata
  • Tindo Group
  • Hillstone Networks
  • A10 Networks
  • 689 Cloud
  • Checkpoint
  • Nozomi Networks

Silver Sponsors

  • Alsid
  • Aqua
  • Aversafe
  • GENIANS INC
  • ICE71
  • Illumio
  • CyberArk

Silver Sponsors

  • Darktrace
  • Radware
  • Endpoint
  • NSFocus
  • Techfindr
  • Qulays
  • Centrify

Silver Sponsors

  • Git Lab
  • Jetico
  • Senetas
  • Sonic Wall
  • Terrabit Networks
  • BluePIsh
  • Keyless

Silver Sponsors

  • IntSights Cyber Intelligence
  • Kanguru
  • Thales
  • Tufin
  • Uniscon GmbH
  • Senhasegura
  • OneKIY

Silver Sponsors

  • WatchGuard
  • Groundlabs
  • Jiransoft
  • Horanji
  • ViewQuest
  • Zimperium
  • Seconize

Bronze Sponsors

  • ALC
  • AnqLave
  • Utimaco
  • Axway
  • Digital Shadows
  • KeyOptions
  • Zetaris Pty Ltd

Bronze Sponsors

  • AlgoSec
  • Cyberint
  • PT Sydeco
  • AppviewX
  • Netskope
  • Business Intelligence Technologies

Bronze Sponsors

  • HackEDU
  • HaltDos
  • Cyber Intelligence House
  • Tenable
  • Noviflow
  • M2M Connectivity

Bronze Sponsors

  • Hyperg Smart Technology
  • Iconz
  • Proficio
  • SecneurX
  • NSecured
  • Nexright

Bronze Sponsors

  • Icyberwise
  • Privasec
  • Ubiq Security
  • UCWare
  • PI Exchange
  • Bitglass
  • Exclusive Networks

Bronze Sponsors

  • ITEL Learnings Systems (S) Pte Ltd
  • NTUC LearningHub
  • TransWARE
  • Plott
  • Wilson A.I Pty Ltd
  • Wiredhands
  • Audacix

2019 Partners

Knowledge Partner

  • BICSI

News Distribution Partner

  • ACN Newswire

Associate Content Partner

  • Uptime Institute

Strategic SEO Partner

  • AdVantage

Strategic Event Partner

  • ISC2

Event Partners

  • AiSP
  • ARC Advisory
  • Asia Cloud Computing Association (ACCA)
  • Asosiasi Cloud Computing Indonesia
  • Fintech Association of Hong Kong
  • Accelerating Asia

Event Partners

  • Best Practice of eCommerce
  • BigDataX
  • CMO Council
  • ISACA
  • CSCIS
  • La French Tech
  • ASME

Event Partners

  • Practical DevSecOps
  • Digital Advertising Association Thailand (DAAT)
  • DevOps Institute
  • Forrester
  • Singapore Chamber of E-Commerce
  • Plug And Play
  • Co Creation Lab

Event Partners

  • IASA
  • IPI Singapore
  • itSMF
  • IFMA
  • European Data Centre Association
  • GS1

Event Partners

  • KinerjaBisa
  • Logistics & Supply Chain Management Society
  • Michael Page
  • NexChange
  • SG Tech
  • CHIME

Event Partners

  • Singapore Cyber Security Consortium (SGCSC)
  • Structure Research
  • General Assembly
  • Open Connectivity Foundation
  • Smart Asia India

Media Partners

  • APAC CIO
  • APSM
  • Asia Blockchain Review
  • Asia Research News

Media Partners

  • Australian Cybersecurity Magazine
  • Australian Security Magazine
  • BizClik Media
  • European Data Centre Association

Media Partners

  • Chief IT
  • CIO Advisor APAC
  • Cross Border Magazine
  • AI Time Journal

Media Partners

  • CryptoNewsZ
  • ComputerWeekly.com
  • Cyber Security ASEAN
  • Asia Content News
  • Enterprise Security Magazine

Media Partners

  • Data Storage ASEAN
  • e27
  • Fintech Finance
  • CMO Asia
  • GovTech SEA

Media Partners

  • Jumpstart Media
  • My Security Media
  • Retail CIO Outlook
  • Cybersec Asia
  • Frontier Enterprise – Jicara Media

Media Partners

  • Telecom Era
  • Supply Chain Digital
  • Techwire Asia
  • Gigabit
  • Digicon Asia

Media Partners

  • FutureIoT
  • Marketing Ops
  • Payment & Cards Network
  • Techtarget
  • FutureCIO

Official Partner Hotel

  • MBS

Media Partners

  • Wire 19
  • 计算机网络世界
  • Supply Chain Brain
  • Disruptive Tech Asean
  • FutureCFO

Testimonials

  • As cyber security is the hot topic at the moment, there are many exhibitors with new product showcase and conference speakers sharing their expertise, I find it very informative and insightful. My job scope covers a broad spectrum, having other shows like Big Data and IoT in one room is very convenient. Look forward to coming back next year too!
    Deputy Manager, Land Transport Authority
  • I’m interested in a couple of topics (i.e. Internet of Things, eCommerce and cloud & cyber security), so that’s why I’m here. We’ve just finished a conversation with NETSCOUT and are quite interested in their products – we will keep in touch with them to see how we can further collaborate.
    IT Manager, BSH Home Applications Pte Ltd
  • The event was good and informative. I've attended this event to browse for more products and solutions which we can use in our organisation to improve operations efficiency. I'll definitely be back next year.
    Team Lead, FMIS ICT Strategy, Lead and Innovation, Ministry of Economy and Finance
  • I attend this show with no particular focus but the speaker line up is good, the topics covered are wide as well. The speakers provide insightful content that are relevant to my job – cloud, cyber security, networks and the co-location of different shows help to save time too!
    Regional IT Governance Manager, TP ICAP