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LONDON Apr. 29 (People’s Daily Online) —— As the capital’s technology firms attracted more venture capital financing during Q1 2015 than in any previous quarter, London’s technology sector has smashed previous funding records.

The figures, which are compiled by London & Partners, show that the city’s technology companies secured over $682 million in VC financing during the first three months of the year - more than ever before and up 66 percent in Q1 2014.

The amount raised by London companies comprises 80 percent of that raised by all UK companies in the quarter ($856.7m).

Eileen Burbidge, London technology ambassador and Partner at Passion Capital, which invests in technology startups, said: “This quarter is the most exciting yet in London’s tech development, as we have seen companies based in the capital attract substantial new investments from some of the world’s most tech-savvy and influential investors. London is one of the most electrifying tech hubs in the world, with companies and investors all brought here by the city’s ideas and entrepreneurial spirit, as well as its talent and access to markets.”