Beautiful Virgin Islands

Tuesday, Jun 24, 2025

City of London Sees Record £20 Billion of Investment in Tech Start-Ups as UK Takes on US and China

City of London Sees Record £20 Billion of Investment in Tech Start-Ups as UK Takes on US and China

Britain now has more than 100 “unicorn” companies, which are worth £1 billion or more. Many of these are start-ups which are using new technology and apps.

Investors in British technology start-ups like the fintech app Revolut have pumped in more than £20 billion this year, according to figure from City of London data firm Beauhurst.

At the start of October, tech start-ups have raised 32 percent more than they did in the whole of 2020, according to Beauhurst.

In the last three months there have been huge investments in Revolut, video-conferencing software firm Hopin and Checkout.com, which processes digital payments.

Revolut, whose CEO Nik Storonsky is a Russian-born former derivatives trader, has fared better than its main rival Monzo, which was forced to lay off staff after revenues collapsed during the pandemic as people stopped travelling.


Revolut saw its income grow due to stock trading and cryptocurrency investments.

Revolut is now worth £33 billion, making it one of a number of so-called “decacorns” - companies worth more than £10 billion.

Rob Kniaz, from venture capital firm Hoxton Ventures, told the Daily Telegraph: “The world is waking up to bigger things happening in the UK and Europe.

Historically we’ve had far less capital than in the US but you’re seeing these really big companies getting created here”.

Revolut has raised £578 million in London, Hopin has raised £610 million, and robot surgery firm CMR Surgical has raised £432 million.

Tech Nation, an industry group, says investment in UK start-ups was higher than in Germany and France and Britain was now in third place in the world, behind China and the US.

It was revealed recently that Euan Blair, the son of former Prime Minister Tony Blair, has made £160 million from a tech start-up called Multiverse which matches graduates with apprenticeships at top firms.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×