Investors are still very keen on tech-enabled companies.
This is the conclusion of international law firm Taylor Vinters. Their Growth Team is currently supporting businesses and investors through 49 funding rounds. This a 40% increase compared to the same period last year.
The businesses come from across all sectors including life sciences, fintech, telecoms and software.
Partner and team leader of the Growth Team Tom McGuire said: “According to the Tech Nation 2016 report, the UK’s tech sector has grown 32% faster than the rest of the economy, and the latest PitchBook data has revealed that UK tech firms received more venture capital investment than any other European country post-referendum.
“Despite Brexit, political uncertainty and the proposed repatriation tax changes in the US, the UK is still an attractive place to grow a business, supported by continuous tax efficient investment reliefs. This encouraging outlook reflects the surge in activity we’re experiencing with a growing number of investors seeking to support innovative UK tech companies from a broad range of sectors.
“Naturally there remains some cautiousness, but the overall sentiment is one of optimism. Tech firms are used to change and managing risk, so are well placed to manage any future changes to the political or economic landscape.”
