Top 10 UK tech investment rounds of 2017

Jan 3, 2018 · uktech.news

Uk tech 898x505

It’d be fair to say that 2017 has been an interesting year for the UK technology industry.

Despite the political uncertainty caused by the country’s impending divorce from the European Union (EU), technology companies in the UK have thrived, raising more than $5.2bn (£4.07bn) in funding over the past 12 months.

With this in mind, we’ve put together a list of the 10 biggest funding rounds to have emerged from the industry so far this year.

Perhaps unsurprisingly, the top spot went to Improbable, which made headlines across the globe after raising more than $500m in a Series B round led by SoftBank, in May.

The company’s Series A backers, which included Andreessen Horowitz and Horizons Ventures, also made follow-on investments.

Improbable said it would be using the funds to continue developing its technology and to recruit more people for its London-based HQ, where it employed 200 people.

The company leverages cloud-based distributed computing to produce virtual constructs for use in games and large-scale simulations.

Speaking to UKTN at the time of the announcement, Herman Narula, the CEO, said his firm was on a mission to change the world.

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