A lot has happened in the UK tech space over the last decade with more and more companies entering this industry and becoming prominent in their initial years itself. The success juggernaut of this space isn’t stopping with a 60% increase in the number of tech start-ups compared to previous years. The UK is unarguably the sweet spot when it comes to technology companies’ rise in entire Europe.
Owing to a highly skilled workforce and entrepreneurial spirit, more than one-third of the fastest growing technology companies in Europe are in the UK. Venture Capitalist and Private Equity investors are also not shying away from funding these promising companies. Start-ups also have access to guaranteed payday loans from direct lender if they don’t receive VC/PE funding and banks reject their loan application. Funding will never be a problem in the UK when your idea is unique and sustainable.
List Of Some Promising Technology Firms In The UK
There are many such companies and start-ups with unicorn status now registered in the UK. But we have chosen the best out of them in this blog. These are listed below:
- Deliveroo: Headquartered in London, the commercial and financial hub of the UK, this firm was started in 2013 by Greg Orlowski and William Shu. This business is into online food delivery as the name implies. They have received a funding of £1.3 billion by far in several rounds.
Deliveroo has partnered with over 60,000 food outlets and takeaway joints to deliver food. Employees’ strength here is 2500+ in all parts of the world with 60,000 riders. You can find Deliveroo operating in over 500 cities across 15 countries.
- Social Chain: Based out of Manchester in the UK, this start-up has shown skyrocketing growth in only 5 years of its operations. Steve Bartlett and Dominic McGregor founded it in 2014 as a social marketing agency. Today, they are known as one of the stalwarts in the influencer social media agency space in Europe, let alone in the UK.
They have experience of working with clients like Amazon, BBC Universal, Apple Music, to name a few. Social Chain has expanded and had offices now in New York, Berlin and London as well. So far, they have $2 million in their kitty via funding from various sources.
- Darktrace: The female entrepreneurs are giving their male counterparts a tough run for their money when it comes to founding tech companies. Darktrace is a cybersecurity venture started by two female entrepreneurs Emily Orton and Nicole Eagan, among others. It is a company in the cybersecurity space that works on artificial intelligence.
They have an exciting AI and machine learning algorithm, which is known to detect and respond to cyber threats. It identifies plausible threats in real-time as a part of its autonomous response technology. It was founded in 2013 in Cambridge and currently has 40 offices worldwide. They received $230 Million in funding in 6 rounds of funding and presently valued at $1.3 billion getting the unicorn status.
- Blockchain: It was started in early 2011 by tech aficionados like Ben Reeves, Nicolas Cary and Peter Smith. Blockchain is the name of the company based on the technology and is an online Bitcoin platform. There were always apprehensions surrounding Bitcoin as to whether it is safe to use or not. This company ensured that Bitcoin transactions are carried out securely.
They are now present in 140 countries in less than a decade, all thanks to the boom in the cryptocurrency market and investments from stalwart investors like Richard Branson and Google. Blockchain currently is the largest provider of the Bitcoin wallet in the world with 32 million+ active wallets today.
- Bulb: Just like their name, they are lighting up the houses in the UK with renewable gas and electricity. The prices they are offering for eco-friendly services are much lower than the conventional energy providers. Every unit of energy you consume, an additional unit is put on a renewable source.
Simpler, Cleaner, Cheaper, and Greener are what they vouch for, and thus they have received funding to the tune of €72 million. They made it to the list of the Top 100 start-ups in the UK in 2018. As of now, they are catering to more than 3 lacs households in the UK. They are all set to enter the prestigious unicorn status pretty soon as per Beauhurst Research.
- Medopad: Founded by Rich Khatib and Dan Vahdat in 2011, this technology-based health company is working towards assisting patients with chronic and rare diseases to stay fit. Medopad has designed an artificial intelligence-based algorithm to prognosticate life-threatening medical ailments by taking data of patients’ medical history and symptoms.
Headquartered in London, Medopad also has regional offices in the US and China. They have raised $33 million ever since they started in several rounds of funding. Recently, they were declared as a $1 billion tech-based healthcare company by KPMG.
- Revolut: Another revolutionary start-up is a FinTech firm called Revolut, which has a headcount of 500. This start-up helps its clients in money transfers and immediate global expenditure. They are opening 18,000 new accounts daily. It finds a mention in the list of start-ups to work for in the UK in the LinkedIn report. In just 3 years, Revolut has raised $340 million and was valued at £1.2 billion and thus enjoying a unicorn status.
Description: This blog was written to motivate entrepreneurs and tech aficionados about their idea can also turn into a unicorn start-up.