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Birmingham Post
Birmingham Post
Technology
Sion Barry

Value of UK tech sector reaches $1 trillion mark with latest deal flow in Wales figures

The tech sector in Cardiff has raised £7.4m in growth capital so far this year in disclosed deals, as new figures show the valuation of the UK-wide sector has reached the $1 trillion mark.

Cardiff is in the top UK 10 cities in the UK with £7.4m of investment raised to date in 2022, according to the figures calculated by Dealroom and analysed for the UK’s Digital Economy Council.

Of the deals the largest was into fintech firm Delio, with a £6.1m equity round. The other investments were into SmallSpark Space Systems and TropCo.

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