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8 September 2014 0 Comments
Posted in Corporate & Commercial, Opinion

Funds of $1.4billion set up to support tech businesses in London

Posted by , Partner

New figures show that London’s booming tech sector is proving increasingly attractive to venture capital companies keen to access European growth opportunities.

It was revealed last week that technology investment funds worth $1.4bn were launched in the capital over the last six months. Firms such as Index Ventures, Balderton Capital, Santander and Google Ventures have all set up funds in London to support tech businesses.

Furthermore, last Tuesday, investment firm DN Capital announced that it has launched a $200 million fund in the city. Nenad Marovac, Founder and Managing Partner of DN Capital, added: “London remains firmly at the epicentre of European venture – it is a hub for financing and a source of dynamic start-ups.”

The investments have also been welcomed by other London technology observers. For example Russ Shaw, Founder of Tech London Advocates, said: “There is no question that we are seeing more and more funding flowing into London’s tech sector, making it easier for entrepreneurs to turn their great ideas into real businesses that can grow very quickly.

If you have any questions about investment and raising finance for your business in the technology industry, please feel free to contact Claus Andersen, Partner in Corporate and Commercial or John North, Head of Corporate and Commercial on 020 7583 2222.

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