It found that London’s tech start-up industry is now worth a total of $142.7 billion (£105 billion) while the $13.3 billion (£9.75) of venture capital investment in the first month of the year is already ahead of the $10.9 billion (£8 billion) in the whole of 2020.
London’s advantages include access to deeper pools of capital and talent and larger networks of investors than other major European cities, according to the Global Startup Rankings report, published to coincide with London Tech Week.
JF Gauthier, founder and chief executive of Startup Genome said: “London’s fundamental strengths in talent, global connectedness and access to funding are the reasons it continues to feature highly in our rankings and remains the number one startup hub in Europe.
“It’s important for startup hubs all over the world to connect to top ecosystems. As a top-3 ecosystem London has an important role to play in galvanizing the global startup community.”