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Tech City - NOAH15 London
Gerard Grech, CEO of Tech City UK, highlights the factors contributing to London's dominance in the tech industry, noting that 42% of European tech unicorns are based in the UK. Key growth drivers identified include smart capital, a supportive business environment, and a rich ecosystem of tech clusters and talent. With substantial investments and favorable policy conditions, London's digital economy is thriving, attracting significant venture capital and talent.
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Tech City - NOAH15 London
- 1. Why London & the UK? Gerard Grech, CEO, Tech City UK 1 @techcityuk & @gerardgrech #NOAH15 Why are there so many Tech Unicorns in London & the UK? Gerard Grech CEO, Tech City UK
- 3. 2 Why are 42% of European ‘Tech Unicorns’ in the UK?
- 4. Who we are: 1. programmes | 2. policy convening | 3. advocacy 20,000 UK sign-‐ups 13,000+ in training -‐ £791m raised -‐ £1.1bn on the LSE -‐ 5 acquisitions Annual Research Report 1.46m employed in UK 50% of digital companies formed >2008 Mentorship programme for stage A businesses Accelerating digital growth in North of England Concierge service for fast-‐growth US tech companies Dedicated Visa Scheme for hiring exceptional talent Alliance between the UK’s many thriving tech clusters
- 5. 3. Creative talent & critical mass of expertise in various sectors 1. Smart capital 2. Strong business & policy environment 4. Rich ecosystem & connected nation 4 key growth drivers powering London & UK’s digital economy
- 6. Investment in London/UK tech companies in 2014 is 20x what it was in ‘10. This year alone (first 9 months): $3.2bn invested ($2.2bn in 2014) VC investment in London tech companies is 20x what it was in 2010 UK companies raised >30% of all European VC money in Q4 ‘14 Source: CB Insights/London & Partners, 2015
- 7. More funds now exist, opening new opportunities and securing the growth potential of talented teams
- 8. 8 Policy conditions for tech growth are ripe: end to end. >£1Bn >£1Bn 4. Corp Tax: 20% (joint lowest in the G7) 1. Seed Enterprise Investment Scheme: 50% relief on capital gains tax 3. Visas: Entrepreneurs’ Visa, Tech Nation Visa 2. R&D Tax Credits: fueling innovation 5. London Stock Exchange high growth segment
- 9. 21 clusters identified and studied companies surveyed nationwide sectors profiled 1.46m employed in tech across the UK 50% of digital companies founded since ‘08 Big Data Analysis: 47K >250K employed in tech across London London’s notable strengths: FinTech, Data Management & Analysis, Marketplace, E-‐commerce, Software Development, Creative industries (Eg. music, fashion) 2500+ London & >20 clusters around the UK make up 1.46M people working in digital industries Core research partners:
- 10. Rich Ecosystem: Key HQs, >60 UK tech accelerators & >100 co-‐working spaces & 50+ support orgs
- 11. 27 FUNDING ROUNDS £791 M RAISED £1.18 Bn RAISED FROM 4 IPOs 5 ACQUISITIONS In the last 22 months…
- 12. 15+SCALE COACHES 6 MONTH PROGRAMME 25 SCALING TECH COMPANIES 12+ ADVISORS Launched today UpscaleUK.com
- 13. 13 Has this presentation been helpful in understanding why 42% of European ‘Tech Unicorns’ in the UK?
- 14. Why London & the UK? Gerard Grech, CEO, Tech City UK 14 @techcityuk | @gerardgrech #NOAH15 Thank you, enjoy your day! Gerard Grech, CEO, Tech City UK Go to our website: Techcityuk.com
- 15. Focus on LeadingEuropean Internet companies Covering over 400 companies across 25 online verticals, a broad range of over 500 investors as well as 100+ online-focused corporates Deep understanding of industry dynamics Ability to add value beyond banking advice Facilitates overall process and minimizes management distraction NOAH Advisors is globally well connected and has direct access to virtually all key players in the industry Knowledge of and strong relationships with potential buyers’ key decision makers Proactively finds and unlocks attractive investment opportunities for leading investors Annual NOAH Conference in its 8th year Over 40 years of combined relevant M&A experience Routine execution of M&A and financing transactions with sizes of several billion euros 22 successfully completed NOAH Advisors transactions underline successful transfer of M&A competencies to the Internet sector Entrepreneurial mind-set, focused on growing the business and establishing a reputation for excellence Ability to deliver top results in short time frames Highly success-based compensation structures align interests of clients and NOAH Advisors, and demonstrate conviction to deliver top results Creative deal solutions September 2015 December 2014 September 2014October 2014 May 2014 February 2013 May 2012 April 2011 Sale of a 70% stake in to Exclusive Financial Advisor to Drushim and its Shareholders Sale of 100% of for $800m to Exclusive Financial Advisor to Fotolia and the Selling Shareholders Sale of 100% of for €80m to Exclusive Financial Advisor to Trovit and its Shareholders Sale of controlling stake in to Exclusive Financial Advisor to Facile.it and its Shareholders sold 100% of for $228m to a joint venture between Exclusive Financial Advisor to Yad2 and its Shareholders Growth equity investment from for a 30% stake alongside Softonic’s Founders and Angel Investors at a valuation of €275m Exclusive Financial Advisor to Softonic and its shareholders 150 million growth equity investment from for a 50% stake alongside Fotolia’s Founders and Additional $150 million senior debt financing Total $300 million investment Financial Advisor to Fotolia and its Shareholders have acquired a majority stake in for $350m from Exclusive Advisor to Summit Partners and TA Associates Selected Completed NOAH Transactions Unique Industry Know-How Unmatched Network and Relationships Strong Investment Banking Competence Full Commitment - We Are Entrepreneurs! EUROPE’S LEADING INTERNET CORPORATE FINANCE BOUTIQUE ®