Old Street, aka Silicon Roundabout. Duncan Hull/Flickr. (CC 2.0 by)
On virtually every measure available, London is Europe’s startup capital. London is home to the most successful, vibrant and dynamic ecosystem of tech startups on the continent. Nesta’s European Digital City Index ranks cities based on their attractiveness to digital entrepreneurs. For two years running, London has topped the ranking by a significant margin.
Nearly 40% of Europe’s ‘unicorns’ (tech companies with a value exceeding $1 billion) were founded in London, including ‘asos' and Zoopla, as well as many other notable success stories, such as Deliveroo and TransferWise. Due to its financial prowess, London boasts a plethora of funding and investment options for entrepreneurs. In 2015, digital firms in London raised a total of $2.28 billion, up 69% from 2014, and much higher than any other European city. It is fair to say that London has become a major global player in tech and entrepreneurship.
