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Rebecca Wayman

SeedLegals reveals the biggest investors behind London's tech startups

New data from SeedLegals has revealed that one-in-five funding rounds for London tech startups includes one or more international investors.

To mark London Tech Week, SeedLegals researched investment trends within the London startup scene to reveal how tech companies based in the capital are being funded.

As part of this, SeedLegals data shows that one in five tech funding rounds have one or more international investors. Those international investors represent 20 per cent of investment into London tech startups raising their first or second round.

Luxemburg leads with 16 per cent of the total international investment, followed by the US with 14 per cent, France at nine per cent, Hong Kong and Singapore with eight per cent each, and British Virgin Islands and United Arab Emirates with five per cent each.

Anthony Rose, co-founder and CEO at SeedLegals, said: “The UK startup ecosystem is fuelled by SEIS and EIS investment. If you’re a founder looking for funding, your starting point for sub-£100k funding would be friends, family and your LinkedIn network.

“For £100k to £700k rounds, you’d typically be targeting angel investors and SEIS/EIS funds. And beyond that, VCs. But, expat founders are also tapping into their country of origin networks as well - France, Singapore, Hong Kong, Dubai.

“So, as a founder looking for funding, get your pitch out to not just the UK investor community, but family and investors in you or your family’s country of origin.”

The data also indicates which parts of the capital are driving startup growth, with Shoreditch (EC2A) the most popular London postcode for funding rounds in the past year and Southwark (SE1) second.

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