One fear I heard expressed a lot post Brexit is that the London will lose it’s place as the dominant startup centre in Europe. These fears were compounded by programmes from France, Germany and other governments to get UK companies to relocate.
It appears these campaigns have had little impact. As you can see from the table above UK based funds had considerably more success fundraising this year than their European counterparts.
It seems that despite Brexit London is growing stronger as a startup ecosystem. I would posit that’s because there are powerful network effects at play. More funds attract better and more ambitious entrepreneurs who generate bigger returns and whose employees found new companies, in turn attracting more funds.
Nice to end the year on a happy note. Happy holidays!
Data compiled by Yannick Roux