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Evening Standard
Evening Standard
Business
Jonathan Prynn

London based AI start-ups raised a record $3.5 bn in venture capital funding last year

London ElevenLabs Europe Lighthouse London Partners Munich Paris Wayve
ElevenLabs CEO Mati Staniszewski in the company’s new London office in Soho - (ElevenLabs)

London based AI start-ups raised a record $3.5 billion (£2.9 billion) in venture capital investment last year keeping the capital at the top of the European league table.

latest figures from analysts Dealroom and the Mayor’s growth agency London & Partners shows AI investment shot up more than 50% from the $2.3 billion of 2023 and is 21% higher than the previous record of $2.9 billion set in 2022.

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