The capital beat rivals Paris, Berlin and Amsterdam to be named as the number one destination for digital entrepreneurs looking to start and scale up a digital business.
This comes as the Mayor of London Boris Johnson is leading a trade delegation in Tel Aviv, to encourage more Israeli companies to invest in London’s burgeoning tech scene.
The vast majority – 76 per cent – of Israeli companies listed on the London Stock Exchange (LSE) are tech companies, and they have a combined market-value of £3.7bn.
Venture capital investment in London is at a record high: over $1.7bn (£1.1bn) has been pumped in since the beginning of the year, eclipsing the $1.3bn raised in the whole of 2014, which is what is drawing Israeli companies to London, according to innovation charity Nesta.
Johnson will say: “London is the natural tech partner for Israeli firms looking to expand. With access to a world class talent pool and a booming digital economy, it is no surprise that Israeli tech companies are making London their home and choosing the LSE as their international market for expansion.”