London reclaims top European tech spot from Paris, Dealroom says


A person relaxes on a rooftop garden in the business district in London, Britain, November 21, 2025. REUTERS/Toby Melville

LONDON, May 28 (Reuters) - London ⁠has reclaimed its position as Europe's leading technology ⁠centre, overtaking Paris thanks to increased investment in ‌artificial intelligence and deep tech innovation, according to Dealroom's Global Tech Ecosystem Index 2026.

• London's return to the top was driven by ​stronger venture capital investment and continued "unicorn" ⁠creation. Last year, London ⁠tech companies raised $17.7 billion, whilst the city is home to ⁠138 ‌unicorns - startups valued above $1 billion - including Wayve, Granola, OLIX and ElevenLabs.

• London ranks fourth globally behind ⁠the Bay Area, New York and Boston.

• ​Yoram Wijngaarde, founder ‌and CEO of Dealroom.co, said: "London reclaiming the top ⁠spot in ​Europe reflects the maturity and resilience of the UK's tech ecosystem. "The city continues to attract global investment while producing internationally ⁠significant companies across AI, fintech and ​life sciences."

• Paris and Stockholm are the other European centres in the global top 20, taking the eighth and 19th ⁠spots.

• Berlin ranks 22nd and Munich 24th, with the latter benefiting from growth in Europe's defence ecosystem, with companies such as Helsing and ARX Robotics raising $763 million.

• ​Dealroom.co, a global intelligence platform used ⁠by venture capitalists, companies and governments, uses a methodology focused ​on economic impact, including venture ‌capital, enterprise value creation, unicorns, ecosystem ​momentum and links to universities to create the index.

(Reporting by Paul Sandle. Editing by Mark Potter)

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