Despite Brexit and related roller coaster of economic and monetary factors, the first six months of 2016 have stated the overtake of London vs Berlin as capital of start up in Europe.
According to the German EY’s startup barometer report in fact, investments in Berlin have dramatically fallen to 520m€ in the first semester of this year, sinking the whole Germany to a 957m€ amount that is the half compared to the same period of 2015.
You will find more statistics at Statista
This tumble, with the contemporary rise of London and Stockholm, has taken Berlin out of the podium as also Paris has bring investment into startups to a bright 673m€ level.
The amount of 1,32om€ for London is also remarkable considering the fall of 12% in fintech investments and funding on the same period in the city.
The next year would probably bring more clarity due to the mitigation of Brexit effects but London will any case play a main role in the startup funding and development sector.
EY website: www.ey.com