Startups

UK Tech Start-up Landscape - Autumn 2017

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. 

Artificial Intelligence Startups Are Booming In The UK

AI is more than a trend in investment activity. Uniquely, AI is a sub-sector of technology which is set for a development surge as technologies associated with AI advance and the reliance on AI products for businesses across all sectors to stay competitive grows.

This is already happening according to Forbes.  A Narrative Science survey found last year that 38% of enterprises are already using AI, growing to 62% by 2018. Forrester Research predicted a greater than 300% increase in investment in artificial intelligence in 2017 compared with 2016. IDC estimated that the AI market will grow from $8 billion in 2016 to more than $47 billion in 2020.

London Fintech Rides The Post-Brexit Storm

Fintech companies - businesses that harness technological advances to challenge the existing financial system and the way things have traditionally been done - appear to be riding the post-Brexit storm with genuine confidence.

To the fore of this mini revolution are companies developing apps for stock market trading, websites that will help create entirely new currencies, and revolutionary new payment technology. All these ideas will change the way finance works.

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