Resilient UK tech industry

UK marks 100 tech unicorns despite pandemic

This month, the UK tech industry showed that despite the impact of the Covid-19 pandemic, tech start-ups have performed strongly throughout 2020 with the arrival of the one hundredth tech firm to be valued at over $1 billion. The milestone means that there are more than double the number of unicorn companies in the UK than its closest European rival Germany, which currently has 42 unicorns, and the UK is now behind only the US and China globally. The hundredth firm to join the coveted club is Tractable, a UK business built by people who studied AI at British universities, and joined together at Entrepreneur First, a UK programme for scaling great companies.