London Mayor Frustrated With Attempts to ‘Make City Poorer’
- Capital’s startups saw $3.3 billion VC funding in 2019 so far
- London accounts for 80% of all tech investment in the U.K.
Photographer: Chris Ratcliffe/Bloomberg
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Technology startups in London attracted a record 2.56 billion pounds ($3.26 billion) of venture capital investment in 2019 through May 31, according to data published by London & Partners, the city’s official lobbying arm.
But London Mayor Sadiq Khan said the capital’s prowess was contingent on other cities around the country being successful, and shouldn’t be seen as a threat.