logoalt Hacker News

mytailorisrichtoday at 12:09 PM1 replyview on HN

I think continental Europe has nothing on the UK when it comes to banks and financial markets. The UK has the deepest pockets in Europe because it is a hub for global capital. Brexit does not seem to have made a difference:

https://www.uktech.news/funding/late-stage-funding-surges-as...

Regarding AI (since that's the hot thing of the day), but IMO indicator of where the money is:

https://digital-strategy.ec.europa.eu/en/library/funding-ai-...

[In the EU] "Most late-stage capital comes from the US and UK."

Now, regarding YASA, it isn't surprising that they were acquired by a car manufacturer. And, well, the UK has virtually none at this point...


Replies

JumpCrisscrosstoday at 5:02 PM

To be clear, I think there is a tone of late-stage capital in the UK that gets invested in the U.S. I’d love to see data for total late-stage money raised by British versus EU companies.