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London reclaims top European tech spot from Paris, Dealroom says

London tech companies raised $17.7 billion last year as the city regained Europe’s top spot and remained home to 138 unicorns, Dealroom said.

  • On Thursday, May 28, 2026, London reclaimed its position as Europe's leading technology center, overtaking Paris according to Dealroom's Global Tech Ecosystem Index 2026.
  • London's return to the top was driven by stronger venture capital investment and continued "unicorn" creation, with tech companies raising $17.7 billion last year.
  • The Global Tech Ecosystem Index tracks startup ecosystems in 325 cities across 77 countries, placing London fourth globally behind the Bay Area, New York, and Boston.
  • European cities account for 10 of the top 20 densest AI ecosystems globally, while 45 European cities feature in the global top 100 for density, ahead of North America's 40.
  • Dealroom CEO Yoram Wijngaarde said, "The rankings reflect Europe's distinctive innovation model," built around research institutions and technical talent rather than scale alone.
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"The city continues to attract global investment and is a cradle for companies of international significance in the fields of artificial intelligence, financial technology and biotechnology."

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Reuters broke the news in New York, United States on Wednesday, May 27, 2026.
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