OXFORD has been named one of the top 20 cities for investment after it was revealed that UK tech companies have raised more capital funding in the first five months of 2022 than the whole of 2020.

The £12.4 billion in funding raised so far this year puts the UK second only to the US in terms of start-up investment.

The figures have been analysed by the UK’s Digital Economy Council based on data by Dealroom.

READ MORE: Oxfordshire companies receive funding for EV technology

They show that 950 UK tech start-ups have raised £12.4 billion this year, compared to £12 billion raised across the whole of 2020.

The UK is now home to 122 unicorns – start-ups valued at one billion pounds or more – with more than 20 cities and towns now home to at least one unicorn.

London and Bristol were also named in the top 20 cities in Europe for investment.


Read more from this author

This story was written by Gee Harland, she joined the team in 2022 as a senior multimedia reporter.

Gee covers Wallingford and Didcot.

Get in touch with her by emailing: Gee.harland@newsquest.co.uk

Follow her on Twitter @Geeharland

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