London resilient at top of European tech investment table despite COVID

FILE PHOTO: People wearing face masks wait at a bus stop on London Bridge, amid the outbreak of the coronavirus disease (COVID-19), with the City of London financial district in the background, Britain, January 8, 2021. REUTERS/John Sibley

LONDON (Reuters) - London retained its position as the top European destination for tech venture capital in 2020, with levels near the record amount of the year before despite the impact of COVID-19, according to research by Dealroom.co and London & Partners.

Start-ups and growth companies attracted $10.5 billion worth of funding, accounting for more than a quarter of all investment into Europe and three times the level in Paris, Berlin and Stockholm, the research found.