Upcoming Trade Shows London, UK for IT & Technology

It’s not an exaggeration to say that the IT & technology industry has been the biggest contributor to London’s booming economy. The city’s tech ecosystem has undergone remarkable expansion over the last decade. Since 2014, the value of the city's tech sector has gone up from $70 billion to $621.5 billion in 2023. This growth makes London the highest-valued tech ecosystem in Europe, far ahead of Paris ($247.6 billion) and Berlin ($153.6 billion). A key driver behind this growth has been London’s ability to produce unicorns — tech companies valued at over $1 billion. In 2014, the city was home to just 15 unicorns. Today, that number has skyrocketed to 101, more than any other European city. Notable recent additions to London’s unicorn club include Quantexa, an artificial intelligence firm that raised $129 million in a Series E funding round, Multiverse in the EdTech sector, and fintech company Paddle. Venture capital (VC) funding has played a crucial role in building the success of London’s IT & technology industry. Over the same period of time, $107 billion has been raised by the city’s tech firms. In fact, VC investment into London has increased by over 800% since 2014, with total funding reaching $22.4 billion in 2023. Leading global VC firms such as Index Ventures, Lightspeed Venture Partners, and Sequoia have all established significant operations in the UK capital. Fintech continues to be the crown jewel of London’s tech industry, securing more investment than any other sector. In 2022 alone, fintech companies in the city raised $9.9 billion, up from just $495 million in 2014. Major fintech unicorns such as Wise, Monzo, and OakNorth Bank have thrived in this environment by capitalising on the city’s robust financial infrastructure and innovative ecosystem.