United Kingdom

London

Integration Phase

London has an established position at the cutting edge of tech. Previously in Fintech, but now also AI and Healthtech. It’s critical we leverage this advantage — attract the best talent and build a supportive ecosystem.

Suranga Chandratillake
Partner at Balderton Capital

Sub-sector Strengths

Edtech

The U.K.’s Edtech sector is expected to reach $4.4 billion by 2021 and current U.K. education exports total $22.8 billion annually. London has more than 500 Edtech companies and ranks #1 in Europe for early-stage funding in Edtech. Kano, a computing kit and coding platform startup, raised $28 million in 2017. Memrise, a language learning platform, raised $15.5 million in 2018.

Fintech

London is the second -largest financial center in the world, produced 3 Fintech unicorns in 2018, and has a  financial sector employing more than 315,000 people. In 2018, the Financial Conduct Authority launched a global Fintech regulatory sandbox after the success of a domestic sandbox that loosened financial regulations. OakNorth, a debt finance solution startup, raised $100 million and became a unicorn in October 2018. The company raised an additional $440 million early in 2019.

Why you should invest in London

SOFTWARE STARTUP OUTPUT
4.7 k-6.4 k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$47 bn
GLOBAL AVG.
$5 bn
#2 Global Ecosystem
Fintech
#4 Global Ecosystem
Funding
8
Exit Growth
INDEX
5
Output Growth
INDEX
4
Funding Growth
INDEX

Reasons to move your startup to London

EARLY-STAGE FUNDING PER STARTUP
$486 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$3.1 bn
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$56.8 k
GLOBAL AVG.
$58.3 k

Seed Enterprise Investment Scheme

A vibrant early-stage funding environment has developed thanks to this, which provides investors up to £150,000 of their investment back in income tax relief.

Startup visa

London is the only top 5 ecosystem with a startup visa program which was launched in the spring of 2019.

Startup Community

Startup Genome
Partners & Members

MassChallenge
Techstars Londo
Balderton Capital
Wayra London
Accelerator Network
City of London
KPMG
TechUK
GSMA
Level39
Tech London Advocates
GEN
Microsoft Ventures
Northzone
Microsoft for Startups
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Get connected

Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.