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UK tech sector smashed investment records in 2017, striking deals worth £3bn

January 4, 2018 9:50 PM
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Britain's pioneering technology sector smashed investment records in 2017, striking deals worth £3billion.

It was almost double the £1.6billion bagged in 2016, with most of it, or £2.5billion, raised in London.

Big deals included a £391million investment into software firm Improbable, £364million raised by takeaway company Deliveroo and £255million by mobile network Truphone.

By comparison Germany, the nearest competitor, raised £695million and France raised £668million.

Both have been touted as challengers to London when Britain exits the EU.

London mayor Sadiq Khan said: 'The figures are further proof London is the undisputed tech capital of Europe.

'I am committed to ensuring we take over from Silicon Valley as the world's leading tech hub.

Source: dailymail.co.uk

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