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469 UK Tech Overtakes China as World's Second Largest Country for Startup Funding Raised

Slashdot
EditorDavid @ Slashdot · 07/07/2024 18:52 EDT

UK Tech Overtakes China as World's Second Largest Country for Startup Funding Raised

"China may be the world's second-largest economy," writes Fortune's news editor, "but when it comes to startup funding, the U.K. is punching above its weight."


Startups in the U.K. raised $6.7 billion in funding during the first half of 2024, helping dethrone China and propelling the U.K. to second place globally for funds raised, according to a new report. Crucial to the U.K.'s success were a dozen funding rounds worth over $100 million each, including those of digital bank Monzo ($620 million), lender A

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