The UK tech sector has now 100 UK tech companies valued at $1bn or more.
13 UK tech unicorns has been created just in 2021 alone!
When we say “Tech unicorns” we typical think Silicon Valley and the US.
Turns out London and the UK is a remarkably hot breeding ground for unicorns too!
The only other nations with 3 digit tech unicorns are the US and China. The UK is the first and only country in Europe to hit 100 tech unicorns. Pretty awesome for a country with a population of just 66m.
“Collectively, the UK’s 100 tech unicorns have raised almost $32bn in VC investment, across multiple tech sub-sectors, including e-commerce, insurtech, and cyber security and energy.”
This is fascinating, and we could definitely learn a thing or two from them.
Singapore has potential. Sure, we don’t have the population numbers, our geography is a little smaller and it may take us a few more decades, but it seems possible, more than ever!
We just have to find that unfair leverage that severely outweighs the fact that our domestic market is tiny.
Onward Singapore!
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