US and Asian investment in UK tech skyrockets

The UK tech sector has attracted more foreign investment in the first seven months of 2019 than it did during the whole of last year and has overtaken the US for foreign investment, per capita.

Research prepared for the Digital Economy Council by Tech Nation and Dealroom.co shows that between January and July this year, UK-based tech firms received a staggering $6.7 billion in funding – with $3.7 billion, or 55%, coming from American and Asian investors thanks to billion dollar tech companies such as energy supplier OVO Energy and food delivery startup Deliveroo.

The sector is attracting an average of $1bn a month from both foreign and domestic investors – one and a half times the amount raised during the same period last year – making the UK one of the most attractive and dynamic markets in Europe.

To read more, click here.