Lured to London (and the United Kingdom as a whole) by small-business-friendly policies like special startup visas for employees and a reduced capital gains tax, startups in the city are now hiring and raising capital at record rates.
According to CB Insights, London-based tech companies raised $1.23 billion across 231 deals from Q2 2013 to Q1 2014, a 206% growth in funding from the same time period a year before
While London has been a hub for startups in the financial technology sector in recent years, the city today boasts enterprises from a variety of industries — from digital video to transit guides to curated ecommerce. Those startups, along with dozens of incubators and booming VC sector, now speckle the map of London, no longer just populating areas like Silicon Roundabout. …
Via: Mashable: Startups