London remains the European hub for most tech companies owing to its strategic location, easy availability of talent and access to finance.
Outside the United States, London has the largest number of venture capital backed tech companies and accounts for almost 20 percent of all the tech investments made in Europe.
The traditional hub of technology industries in London is the Silicon Roundabout in the East of London and the biggest and most prominent tech cluster is the East London Tech City, an outstanding innovation and technology hub, modelled on Silicon Valley.
At last count, more than 500 tech companies were spread across all the tech clusters. Prominent startups in recent years that have become highly successful include 7Digital, Eventbrite, INQ Mobile, Last.fm, Mendeley, Mind Candy, Moo Print, Playfish, SeatWave, Spotify, Stylistpick, We7 and more.