British technology companies are on course to raise record funding this year, with the UK extending its lead over competing European hubs, research suggests.
Investors poured £13.5 billion into more than 1,400 private technology firms between January and June, more than the total investment for last year, according to a report by Tech Nation, the lobby group, and Dealroom, a data provider.
Valuations of private technology businesses have risen sharply worldwide. Faced with record low interest rates, investors have been betting heavily on companies with the potential to upend large industries such as banking and healthcare. The