According to London & Partners, London’s technology companies raised more venture capital financing during the first quarter of 2015 than in any previous quarter.
The city’s technology companies secured over $682m in VC financing during the period, up 66% on Q1 2014 and representing 80% out of the total raised by all UK companies in the quarter ($856.7m).
The previous record was $411.6 million in Q4 2014.
Significant investments into London were also made by well-known global venture capital funds including Silicon Valley firm Andreessen Horowitz, which backed online payments company TransferWise ($58m) and virtual worlds creator Improbable ($20m).
WorldRemit, which enables online money transfers, raised the most funding in the period, securing a $100m round, followed by fashion retailer Farfetch, which raised $86m, augmented reality advertising company Blippar ($45m), and music technology company Shazam ($30m).
FinSMEs
02/04/2015