Last week, we published a status update of the geographical distribution of venture capital deal activity across Europe in 2014. In short: UK re-claimed pole position thus far in the year, while deal numbers for Eastern European countries doubled.Looking into more detail Tornado Insider’s preliminary data for 2014 reveals that of all European cities, most deals have been raised by companies in London. Already, tech companies from the UK capital have announced no less than 153 deals. A distant second is Berlin with a tally of 124 investments. Close on Berlin's heels is Paris with 122 deals.
These cities have made up the top 3 on the list since Berlin deal activity suddenly surged in 2007. However, the last time London was in the lead was in 2009. After that the number one spot was for Paris (2010 and 2011) and Berlin (2012 and 2013).
The city ranking in 2014 continues with Munich retaining fourth place with 48 technology-related investments. Moscow moved up four ranks to fifth place (43 deals), followed by Spanish cities Barcelona (41 deals) and Madrid (33 deals). The top ten is completed by Helsinki, Stockholm and Zurich with 29 deals each.
Watch this space as we'll continue to monitor how the geographic distribution of VC in Europe will pan out over time.
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