More than a third of Europe’s fastest-growing tech companies are now based in Britain

More than a third of Europe’s fastest-growing tech companies are now based in Britain. The UK tech sector has produced one unicorn firm each month over the past year, according to new figures released ahead of London Tech Week.

The UK has created more unicorn tech companies, firms valued at more than 1 billion US dollars, than any other country except for the US and China, according to new data compiled by Tech Nation and Dealroom. Ahead of this year’s London Tech Week, it was revealed that the UK produced 13 firms valued at more than 1 billion US dollars (£784 million) over the past year, taking its overall total to 72.

Source: The Telegraph
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