The UK tech sector raised more venture capital funding raised in the first five months of 2022 than in the whole of 2020. The £12.4 billion in funding raised so far this year puts the UK second only to the US in terms of start-up investment, and ahead of the likes of China, France and India.
The figures were released ahead of the start of London Tech Week– the annual celebration of the UK tech sector where industry and government figures discuss the future of the industry.
At Chatsworth, we’ve been focussing on the fintech sector for two decades and this investment is a massive vote of confidence in the skills, potential and need for technology.
Businesses and processes are digitising faster than ever, in part accelerated by Covid but also by the core market forces which demand safer, better, faster and cheaper.
London Tech Week also saw the launch of the review of the UK’s advanced computing capabilities by Chancellor Rishi Sunak who hailed the UK’s tech sector as an “incredible, thriving ecosystem”
High-performance computers and cloud capabilities were vital for powering technologies of the future, such as Artificial Intelligence, and will be critical for the UK’s productivity, prosperity and innovation.
The review will provide recommendations to form the basis of a long-term plan for the government’s approach. It will be led by world-leading AI researcher, Professor Zoubin Ghahramani, Professor of Information Engineering at the University of Cambridge and Vice President of Research at Google AI and Director of Google Brain.
When we founded Chatsworth, we took the strategic decision to become the first communications agency to focus all our energies on the fintech sector.
It was clear to us that digital transformation would be a key economic and business driver and that we would focus on that intersection of finance and technology.
We’re proud to have played our part in launching and building some of the most successful fintech brands of the past two decades and for the support of the UK’s exceptional fintech community.
Chatsworth was the first communications agency to focus on fintech. We’ve been building fintech reputations for 20 years, steering start-ups through launch, growth and onto corporate action, and protecting and enhancing established infrastructures. Looking for intelligent, informed and connected fintech PR which delivers results and value? Get in touch and let us help build your reputation and tell your story.