UK tech investment grew faster than the US and China in 2019

UK tech investment grew faster than the US and China in 2019

Investment in the U.K.’s technology sector grew at a faster pace than in the U.S. and China last year, according to new research released Wednesday. Venture capital funding for British start-ups grew 44% to a record $13.2 billion in 2019, a report prepared for the government by industry group Tech Nation and research firm Dealroom said. By contrast, Dealroom’s figures show that investment in U.S. and Chinese tech firms actually slowed from January to December, with the U.S. seeing a 20% decline and China a steeper fall of 65%.

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