New figures released today show the UK has now created 60 so-called unicorn startups – companies with a valuation of $1bn (£769.6m) or more – since 1990, according to research prepared for Tech Nation and the government’s Digital Economy Council by Dealroom. London is home to the highest number of technology start-up companies with a valuation of at least $1bn in Europe, according to research from Dealroom. The UK has also been one of Europe's most attractive markets for tech start-ups over recent years, attracting more than £1bn worth of investment since 2010, including investments by Google, Facebook and Amazon. Berlin has the second-highest number of unicorn firms, with eight totalling $32bn. Other UK cities like Oxford and Cambridge are also seeing rapid growth. The two cities combined house more unicorns than either Paris or Berlin.
London is home to the highest number of technology start-up companies with a valuation of at least $1bn in Europe, according to research from Dealroom. The UK has also been one of Europe's most attractive markets for tech start-ups over recent years, attracting more than £1bn worth of investment since 2010, including investments by Google, Facebook and Amazon. Berlin has the second-highest number of unicorn firms, with eight totalling $32bn. Other UK cities like Oxford and Cambridge are also seeing rapid growth. The two cities combined house more unicorns than either Paris or Berlin.