London has 8,918 startups in our sample database. This represents about 65% of The United Kingdom’s startups. London is the highest-ranked startup ecosystem in The United Kingdom.
London kept its position stable in the Global Startup Ecosystem Index of 2024, ranking 3rd.
Set against the backdrop of a bustling metropolis, London attracts startups with a gateway to markets that have already been navigated in the U.S., offering a launching pad for global expansion.
Within this dynamic ecosystem, notable startups have risen to prominence, each contributing to London’s vibrant entrepreneurial tapestry. TransferWise emerges as a game-changer, disrupting European finance. Founded by Taavet Hinrikus, a former Skype employee, TransferWise aims to revolutionize money transfer by circumventing traditional banks. RolePoint revolutionizes recruitment, leveraging social networks of current employees to match candidates with relevant job opportunities. Notable backers like Yuri Milner and Eric Schmidt’s Innovation Endeavors have championed its journey.
London’s entrepreneurial allure is further supported by its pioneering policies. The UK’s Tech Nation Visa eases the path for founders to establish a base, fostering growth within London’s innovation hub, while angel investors and startup investments flourish under favorable government policies.
In this creative crucible, co-working spaces abound, fostering collaboration and ideation. These havens of innovation offer not just workspace but also opportunities to forge connections, exchange ideas, and collectively shape the future.
London is not only home to successful startups but also hosts groundbreaking events such as London Tech Week and the Sifted Summit, bringing together entrepreneurs, corporations, and other ecosystem stakeholders from around the world.
London’s startup ecosystem is one of the strongest in the world where ideas flourish, innovation thrives, and success stories continue to rewrite the narrative. As startups converge in this vibrant metropolis, they embrace not just a city, but a realm of boundless potential and transformative opportunity.
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The health check tables allow you to look at the performance London has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
Startup Funding in London 2017 - 2024
From 2022 to 2023, startup funding in London has decreased by 58.25%. During this period, the number of deals in London has decreased by 35.71%. Since 2017, total startup funding in London exceeded US$ $144.39B.
Average Funding in 2023
$7.15M
Funding in 2023
$11.36B
Deals in 2023
1,590
USD
Amount of Funding (USD)
Number of Deals
London is ranked within the top 10 startup ecosystems globally.
London’s startups excel particularly in Energy & Environment where it ranks 3 and in Fintech, and Social & Leisure. Find out more
Within London there is an increased attraction for entrepreneurs to set up their startups in industries such as Energy & Environment, Fintech, Social & Leisure. These three industries represent about 27% of the startups represented on the Startup Ecosystem Map of London.
London is The United Kingdom's 1st best startup ecosystem and is ranked 1st in Western Europe. With a population of 2M - 10M people, London is ranked 3rd in the world. The city has some notable startup success stories including DAZN and its startup ecosystem infrastructure is strengthened by organizations such as 20VC podcast and Regus - Welwyn Garden City, Welwyn Falcon Gate.
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]
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