The Leeds tech sector has grown rapidly over the past five years and for Mike Clarke, partner at investment management firm YFM Equity Partners, that growth trajectory is set to continue.
“My general sentiment is that the next probably three years are going to be a really exciting time for Leeds tech,” Clarke tells UKTN.
For several years, Leeds has had some of the fastest scaleup growth in the North of England. In the year up to September 2022, Leeds-based tech startups secured £288m in venture capital investment.
Clarke says the local tech sector is “supportive” but “still fairly early” in its maturity compared to other regions. There are many startups in the up to £500,000 revenue range in Leeds, with a “handful” of scaleups above £1m revenue, he explains....