London reclaims top European tech spot from Paris, Dealroom says

LONDON, May 28 (Reuters) - ‌London has ​reclaimed ​its position as Europe's leading technology centre, overtaking Paris thanks to increased investment in artificial ‌intelligence and deep tech innovation, according to ⁠Dealroom's Global Tech Ecosystem Index 2026.

• London's return to the top ‌was driven by stronger ‌venture capital investment and continued "unicorn" creation. Last year, London tech companies raised $17.7 billion, whilst the city ​is home to 138 unicorns - startups valued above $1 billion - including Wayve, Granola, OLIX and ElevenLabs.

• London ⁠ranks fourth globally behind the Bay Area, New York and Boston.

• Yoram ​Wijngaarde, founder and CEO of Dealroom.co, said: "London reclaiming the top spot in Europe reflects the ​maturity and resilience of the ‌UK's tech ecosystem. "The city continues to attract global investment while producing internationally significant companies ⁠across AI, fintech and life sciences."

• Paris and Stockholm are the other European centres in the global top ⁠20, taking the eighth and 19th spots.

• Berlin ranks 22nd and ​Munich 24th, with the latter benefiting from growth in Europe's defence ecosystem, with companies such as Helsing and ARX Robotics ‌raising $763 million.

• Dealroom.co, a global intelligence platform used by venture capitalists, companies and governments, ‌uses a methodology focused on economic impact, including ⁠venture capital, enterprise value ‌creation, unicorns, ecosystem ​momentum and links to universities to create the index.

(Reporting by Paul Sandle. Editing by Mark ‌Potter)

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