LONDON: The rapid pace of innovation, entrepreneurship and with over 60 companies valued over a billion dollars, London is now the undisputed capital of unicorns in Europe.

The capital city received a total of £8.7 billion in venture capital investment according to the new Tech Nation Report 2021.

UK VC investment in total reached $15bn in 2020, £200m higher than 2019.

Tech firms raised twice as much capital on their London listings in 2020 as they did in 2018.

UK has twice as many unicorns as Germany and three times as many as France.