CAPITAL WATCH ISSUE 1 2018

London’s tech scene The turnover of London digital tech industries reached £64.1 billion in 2017. £2.45bn 2017 Venture Capital Investment in the London tech sector 318,000 Digital tech jobs in London 85% Growth rate of the London digital tech industry in the last five years Total number of employees in the digital technologies across London In 2017 venture capital investment into the London tech sector reached an all-time high, totalling £2.45 billion – almost double the funds of 2016 at £1.23 billion. London’s tech sector continues to fuel the growth of the UK’s digital economy, with the capital’s tech firms accounting for around 80 per cent of all UK venture capital tech funding in 2017. London tech companies raised significantly more venture capital investment in 2017 than any other European city. The digital sector in London is creating jobs 2X faster than the non-digital sector. 0 10 20 30 40 50 60 70 (£bn) 2008 2010 2009 2013 2016 2017 2015 2014 2012 2011 Source: Tech Map London 100,000 150,000 200,000 250,000 300,000 350,000 2008 2010 2009 2013 2016 2017 2015 2014 2012 2011 Employees by reported year Source: Tech Map London London has more software developers than any other city in Europe - two thirds more than its nearest rival Paris. 21,866 London 7,963 Berlin 7,915 Amsterdam 7,581 Paris Source: Meetup, 2016 London hosted 22,000 Meetups in 2016, that’s three times as many as in Berlin, Amsterdam or Paris 22,000 Meetups hosted in London in 2016 Digital Tech Investment Total Venture Capital Funding into Technology Firms in Major European Cities in 2017 London 2,450 Paris 565 Amsterdam 212.2 Madrid 65.4 Helsinki 57 Copenhagen 40.2 Dublin 117.5 Stockholm 360.3 Berlin 456 Total turnover by London digital technologies businesses Source: Pitchbook, Dec 2017 CUSHMAN & WAKEFIELD 22 LONDON IN FIGURES