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... but global survey confirms the capital as top spot for tech unicorns in Europe

Evening Standard

|

December 06, 2023

LONDON has cemented its position as a global tech hub with more unicorns than any other city in Europe, a report has found, with signs many more innovative businesses are on the way.

- Simon Hunt

... but global survey confirms the capital as top spot for tech unicorns in Europe

The UK now has 64 unicorns - companies worth more than $1 billion about a quarter more than Germany and almost double the number in France, with the lion's share based in London, according to data from venture capital firm Accel. Between them, four of London's top tech firms Revolut, Monzo, Deliveroo and Wise, led by Kristo Käärmann, right have spawned over 100 startups, founded by current or former employees of the company, in signs the capital's tech ecosyst

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