London still leads European tech investment by a long way

London is said to be the most attractive destination for European technology investment, securing almost double that of its closest rival Berlin. According to new data sourced by PitchBook on behalf of the Mayor of London, London's position as one of the world's biggest financial centres, as well as the quality of AI research emerging from UK universities, has helped it outpace every other European country, Reuters reports. Of the £2.5 billion raised by UK tech businesses in 2018, 72% of that came from venture capital funding, equating to £1.8 billion, according to the data. "We get a lot of calls and inquiries from investors in the U.S. and Asia looking for fintech opportunities," said Eileen Burbidge, a partner at Passion Capital, speaking to Reuters. "In fintech, AI and a few other sectors such as life sciences and robotics, London genuinely leads the world."