UK Crypto Ventures Raised Over $255 Million VC Funding in 2018

Brexit and the sharp downturn in the cryptocurrency markets have not been able to stop the growth of the British crypto industry. End of year figures show that crypto-related companies in the United Kingdom have raised a total of over £200 million ($255.2 million) in capital venture funding during 2018. Crypto Industry Thrives in the UK New investment figures published by the U.K.’s London & Partners and Pitchbook show that British tech firms raised a total of £2.49 billion in 2018, down from £3.12 billion the previous year. London, both the capital and the economic heart of the country, was responsible for about 72 percent of the actions, with tech companies based in the city raising £1.8 billion during the year, again down from £2.53 billion in 2017. One area that did particularly good during 2018 in the U.K. was cryptocurrency and blockchain startup companies. The sector achieved record growth…

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