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Britain remains on top but figures come amid a sharp downturn in venture capital funding compared to 2021

Correspondent

Britain’s tech sector raised more than double that of any other country in Europe this year, amid a sharp downturn in venture capital funding compared to 2021.

UK tech firms raised £24bn as of 8 December, compared to £11.8bn in France and £9.1bn in Germany, according to Dealroom. The figure is down 29% from around £34bn last year.

UK tech firm’s £24bn investment doubled EU rivals for 2022

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