Tech wins: UK sector retains No1 spot in Europe

The News Craving

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City AM

By Azania Patel Despite a rough year on all financial fronts, UK’s tech sector retained the top spot in Europe. The country’s tech sector showed resilience with the fast-growing UK tech companies raising funds at near-record levels (£24b),which was substantially more than France (£11.8 b) and Germany (£9.1 b) combined. UK’s tech sector has raised nearly £100b over the past five years. According to a Department for Digital, Culture, Media & Sport press release earlier today, the UK had more high-growth companies than European peers, having created 144 unicorns and over 85,000 start-ups. The cou…

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