17 June, 2016
London – Europe’s self-proclaimed fintech capital – has raised the lion’s share of all private equity and venture capital funding, with $26bn in funds raised, and it is home to JustEat, ASOS and Transferwise. Also, more than 25 VC firms have established themselves in London since 2010.
By comparison, while Paris has witnessed a rebirth in French VC, Parisian start-ups raised just over $6.7bn, a fraction of its British neighbour.
Berlin, which ranks as third, raised $5.8bn in VC investments.
However, when taking into account the number of funds active in each city, Berlin is showing a vibrancy that make other VC capitals pale in comparison, with the fastest increase in number of transactions, reaching 145 to London’s 187, but way ahead of Paris with only 66 last year.