Not only has the decision to leave the European Union not dented London’s start-up scene, it seems to have actually widened its lead as Europe’s leading fundraising destination.
According to a report from CB Insights, U.K. start-ups attracted $3.02 billion in venture capital in the third quarter. That’s a bit below the peak reached in Q4 2016, when U.K. start-ups attracted $3.5 billion. But it’s more than triple the amount raised one year ago, and the third straight quarter-over-quarter increase. The positive results were driven by six companies that raised rounds larger than $100 million in the quarter.