As London Tech Week kicked off, we put together are regular UK tech health check in partnership with Tech Nation and the UK Digital Economy Council. And it's all up and to the right.
$18B raised in H1 2021, up 2.8x year on year
Growth driven by megarounds (25 rounds of $100M+ in 2021 vs. 11 in 2020)
20 new unicorns created in 2021
UK tech is now worth almost $0.6T, and the growth isn't showing much let up.
The line between marketplaces and fintech is blurring. As we spend more of our time and money online, it seems a no-brainer that these two behemoths should work hand-in-hand, but our new report in partnership with Adevinta Ventures and Speedinvest shows exactly why.
Fintech-enabled marketplaces create outsized returns compared to either fintech or marketplaces. This means there's a big incentive towards full-stack marketplaces focussed on improving consumer experience.
By building, buying or partnering, online marketplaces are rapidly embedding fintech products, from payments and Buy Now, Pay Later, to escrow, business loans and insurance. Read more in The Future of Marketplaces, pt. 1.
π£ Atomico's State of European Tech report survey is out. Have your say to ensure the 7th edition is the most comprehensive reflection of the European tech ecosystem yet.
πΌ Bolt (the fintech one) becomes the first unicorn to move all staff to a 4-day week. Founder Ryan Breslow explains why.
π Big for NFTs and for France, Sorare raised $680M Series B at $4.3B valuation to become most valuable private startup in France.
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