UK tops Europe for venture investment despite Brexit worry

London

THE UK drew more venture-capital investment last year than the next four European countries combined, mitigating concerns that Brexit is hurting British startups' fundraising.

Venture-capital firms ploughed £6.8 billion (S$11.8 billion) into Britain last year, according to an annual study released on Wednesday from Tech City UK, a London-based organisation that promotes the country's digital economy. That's about two and a half times more than invested in France, and almost five times more than in Germany.

Since its vote to leave the European Union in June, other European tech hubs have attempted to lure investment and startup talent away from Britain, which has traditionally attracted the lion's share of fund…