Technology continues to evolve with new products, inventions and ideas coming to the forefront of venture capitalist’s minds. The UK is one of the most active nations for venture capitalists investments with a whopping £22 billion spent last year on new projects. Now, tech firms will be looking to impress and gain the investment to give their technological advancements the financial boost they need to be a success.
While there are plenty of sectors that will be seeking investment, there are three standout ones that are emerging rapidly and are sure to continue receiving funds from investors in the future. Our guide below will explore what they are and the technology that is coming out of the businesses within them. So, read on to find out what the future of tech is and why venture capitalists are putting so much money into the businesses behind it.
Why is the technology market booming since the pandemic?
Before delving into the three emerging sectors, we thought we’d highlight why the technology market has been booming since the pandemic and doesn’t show any signs of slowing down in the future either.
The reason the tech sector won the pandemic is because of the changes to everyday life. Many businesses took their work completely online, which saw companies like Zoom or Microsoft benefit massively. Plus, the cybersecurity sector also saw stock rises due to cloudification, which has seen the big three public businesses in cybersecurity double their revenue.
The three emerging tech sectors in the UK with the most investment
The following options are the ones with the most investment in the UK tech sectors. If your business is considering investing too, consider hiring legal professionals for advice and support during the process.
London is now the Fintech capital of the world and it’s the most invested in the tech sector in the country. With AI, IoT and blockchain advancements in financial transactions are believed to be emerging from Fintech companies.
Healthtech is the second most invested in sector in tech with notable investments going to immunotherapeutic company, Centauri Therapeutics whose tech could save vulnerable patients from life-threatening infectious diseases as well as Engitix which is developing drugs for cancer and fibrosis.
The energy tech sector is another that’s received sizeable funding so far this year and they’re developing products that can aid the current energy crisis as well as technology that can help individuals, businesses and whole countries become more sustainable.
Other notable industries that venture capitalists are investing heavily in include transport, marketing, food and telecoms with each developing plenty of exciting products that should eventually change the way we operate in everyday life.