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UK Tech Overtakes China as World's Second Largest Country for Startup Funding Raised
"China may be the world's second-largest economy," writes Fortune's news editor, "but when it comes to startup funding, the U.K. is punching above its weight." Startups in the U.K. raised $6.7 billion in funding during the first half of 2024, helping dethrone China and propelling the U.K. to secon...
"China may be the world's second-largest economy," writes Fortune's news editor, "but when it comes to startup funding, the U.K. is punching above its weight." The win is a milestone for the U.K. tech sector, which has remained under pressure owing to a string of challenges, including Brexit, COVID-19, and the subsequent global economic slowdown. "With the arrival of new U.K. Prime Minister Keir Starmer, many will be hoping that the first Labour government in 14 years will continue to support the U.K.'s position as a critical player in the global tech landscape."
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