It seems as if that we will see many new digital solutions
in the coming days. Indeed, the UK tech
sector is attracting considerable investment. Companies obtained $15bn
(£11.2bn) in venture capital funding in 2020. This includes the creation of
seven “unicorn” firms that are valued at more than $1bn.
The start-ups raised more money from VC investors than the
rest of Europe combined. This was revealed by the data provider Dealroom. In 2019, the amount recorded
was $14.8bn. The money raised helped create seven unicorns: the electric
vehicle startup Arrival, the recipe box company Gousto, the green energy
provider Octopus Energy, the e-commerce platforms Gymshark and Cazoo,
and the cloud communications platform Infobip.
The UK has now become
home to more such companies than other European countries. It is at the same
level as Germany, Netherlands and France all together. Speaking about this news,
the digital secretary Oliver Dowden advanced, “It’s fantastic to see the UK’s tech
companies flourishing, despite all the challenges of 2020”. He said
that the jobs that will be created are extremely important since they will help
in the recovery of the economy. The government is giving its full support to
this particular industry via an “unashamedly pro-tech approach”.
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