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Despite Brexit, London tech investment stays ahead

Brexit, London

Leading global investment firms have committed to continue investing in the UK’s tech sector saying that London will remain an important destination for investment despite the vote to leave the European Union.

Venture capital houses such as Index Ventures, Octopus Ventures, Balderton Capital and Hoxton Ventures are among a wider group of investment firms to pledge their continued support for the UK’s tech sector, with many citing London as an important hub for future growth.

Investment into London and UK-based technology companies remains strong since the Brexit vote, with British tech firms attracting $200m (£152.30m) of venture capital funding across 42 deals, according to the latest research from London & Partners, the Mayor of London’s promotional company2.

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Paul

The author Paul