Finance

UK tech investment outpaced US and China in 2019

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London’s iconic financial district Canary Wharf.

Chris Ratcliffe | Bloomberg via Getty Images

Investment in the U.K.’s technology sector grew at a faster pace than in the U.S. and China last year, according to new research released Wednesday.

Venture capital funding for British start-ups grew 44% to a record $13.2 billion in 2019, a report prepared for the government by industry group Tech Nation and research firm Dealroom said.

By contrast, Dealroom’s figures show that investment in U.S. and Chinese tech firms actually slowed from January to December, with the U.S. seeing a 20% decline and China a steeper fall of 65%. The U.S. and China still came out on top in terms of total deal value,…



Source cnbc.com

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