According to a ranking of international startup hubs compiled by Startup Genome for its annual Global Startup Ecosystem Report 2021, the UK’s capital city London is the leading destination to grow a tech business. The report also revealed that the city is one of the best in the world in terms of access to funding, quality, and activity in the investment ecosystem.
The report suggests that London’s startup ecosystem is by far the largest in Europe with a total value of $142.7B (approx €125.55B) and has maintained its second-place ranking tied with New York for the second year in a row – despite Brexit and the Covid-19 pandemic.
Startups in London have already received around $13.3B (approx €11.70B) in the first seven months of 2021, from January to July, which is more than the $10.9B (approx €9.59B) raised in the whole of 2020. Some of the London-based startups have also been boosted by major funding rounds including Revolut that raised $800M followed by Checkout.com ($450M) and Hopin ($400M).
We have compiled a list of 24 London-based startups that have raised funding of $10M or more in the month of October, 2021, and are looking to hire fresh talents. If you’re in London and looking for a job, don’t miss this.
Certain details of these startups such as founders’ names, founding year, and the total funding raised, have been sourced from Dealroom.
Zopa
Founder(s): Dave Nicholson, Giles Andrews, James Alexander, Richard Duvall, Tim Parlett
Founded in: 2005
Total funding: €707M
Zopa is a peer-to-peer lending startup that provides better-value investments and loans. It helps customers borrow money from banks and financial institutions without any stress. The startup itself makes money by charging a fixed fee from borrowers and a 1 per cent annual fee from lenders.
Additionally, Zopa also mitigates risk for lenders by enforcing monthly direct debit repayment, making borrowers sign a legal contract, and allowing lenders to lend small chunks of money to individual borrowers. For instance, someone lending £1000 may have their money spread across 100 borrowers.
The company recently raised $300M in a fresh round of funding at a valuation of $1B and is looking to hire fresh talents. Apply here.
Capital on Tap
Founder(s): David Luck, George Karibian
Founded in: 2012
Total funding: €540M
Capital on Tap is on a mission to help small businesses thrive by offering a solution that enables businesses to obtain credit lines. It provides NFC-enabled credit cards for using the loan. The company has already provided over £2B to help more than 120,000 businesses grow.
Recently, Capital on Tap raised £450M from BNP Paribas, HSBC Securities, and Atalaya Capital and is looking to hire talents for different roles. Check them out here.
Attest
Founder(s): Jeremy King, Tony Hunter
Founded in: 2015
Total funding: €86.2M
Attest is a SaaS platform that aims to make checking ideas and actions with target consumers as second-nature as checking the time so every business decision can be grounded in data. The company claims that by using its technology, surveys can be created and distributed to target consumers in as little as 90 seconds and results are of significantly higher-quality, more reliable, representative, and delivered faster than before. This self-serve technology is supported by Attest’s in-house team of research experts.
The company’s workforce increased from 70 employees in early 2020 to over 140 today. And, with the recent funding of $60M, the company says it plans to increase those numbers to 200-250+ in the next 12 months. If you find this startup interesting, you can apply here.
Monzo
Founder(s): Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield
Founded in: 2015
Total funding: €622M
Monzo (previously Mondo) is a bank for people who live their lives on their smartphones and is targeted at people who want to get things done in a click and don’t see the need for branches and cheque books. The platform is focused on building the best current account and ultimately working with a range of other providers to become an intelligent hub for its customers’ entire financial life.
Last month, the company raised £300M in funding at a valuation of more than $3B and is looking to hire fresh talents. Apply for their open roles here.
Admix
Founder(s): Joe Bachle-Morris, Mohammed Alisrawi, Samuel Huber
Founded in: 2017
Total funding: €32.4M
Admix is a monetisation platform for game developers that enables non-intrusive, programmatic product placements within their content. It generates revenue for the developer and allows advertisers to display their brand to a highly engaged audience. Also, it doesn’t interrupt gameplay to ensure that retention isn’t affected.
The company has recently raised $25M in its Series B round and is looking to hire fresh talents. Check out their open roles here.
Flexciton
Founder(s): Dennis Xenos, Jamie Potter
Founded in: 2016
Total funding: €21.4M
Flexciton has developed a solution to improve the efficiency and productivity of fab manufacturing processes using AI technology. In a nutshell, it is an optimisation technology company solving complex scheduling problems in semiconductor wafer fabrication.
With over 10 years of academic research and industrial studies, Flexciton’s engineers have developed a hybrid-optimisation model aimed at solving the production scheduling problems that were previously unsolvable. The company claims to enable more semiconductor wafers to be produced for the same cost, faster.
Since its inception, the company has expanded to a team of 41, the majority of whom are engineers and researchers with deep tech expertise. And, with its recent funding of €17.8M in Series A round, Flexciton is looking to hire fresh talents. Check them out here.
Pelorus
Founder(s): Geordie Mackay-Lewis, Jimmy Carroll
Founded in: 2017
Total funding: $42M (approx €36.68M)
Pelorus is an experiential travel and yacht expedition specialist. It aims to seek out rare experiences and create tailor-made trips that are unique to each client brief.
According to the company, a ‘pelorus’ was the navigational tool used to maintain the bearing of a sea vessel back in the golden era of travel and discovery – it is responsible for mapping much of the world as we know it today. In a similar way, Pelorus ushers in a new wave of exploration, creating experiences for those seeking something truly different.
Last month, the company raised $42M in a fresh round of funding and is looking to add fresh talents to its team. You can apply here.
Updraft
Founder(s): Aseem Munshi, David Yalland, Matt Millar
Founded in: 2017
Total funding: €64M
Fintech startup Updraft is a part lending, part credit report, and part financial planning app for millennials. It wants to help customers get rid of spend-associated borrowings such as credit cards, overdrafts and increasingly, the ‘buy now, pay later’ schemes often found on e-commerce sites. The company aims to help people break up with their credit cards and better manage their money.
In October 2021, the company announced its largest investment round to date by raising £72M in equity and debt funding to scale the business and hire fresh talents. You can check out their open roles here.
Chip
Founder(s): Alex Latham, Simon Rabin
Founded in: 2017
Total funding: €57.6M
Chip is an app that automatically puts money aside for its users, so they can save up for their goals without thinking about it. The app uses AI to decide what to save and sends users a notification informing them about how much money they are about to put aside (with an option to cancel). An e-wallet is opened on customers’ behalf through Chip’s trusted partner Prepaid Financial Services Limited.
Recently, the company raised £11.5M through crowdfunding platform Crowdcube. This money came from 12,954 investors and is the largest crowdfund ever held on Crowdcube. Now, Chip is looking to recruit new members to their team, and is looking for an European expansion with its revenue growing over 500 per cent in the last year and its user base (over 400,000) by 60 per cent. Check out the open roles at the company here.
Rossum
Founder(s): Petr Baudis, Tomas Gogar, Tomas Tunys
Founded in: 2017
Total funding: €95.9M
Rossum aims to create a world without manual data entry, improving the work life of countless back office workers. The company offers an end-to-end AI document processing solution that combines cognitive data capture platform with a full suite of integration capabilities. It solves four key steps in document-based processes at once: receiving documents across multiple channels, automated understanding, two-way communication to resolve exceptions, and acting on the data using in-depth integrations.
The company recently raised $100M in its Series A round and is hiring for multiple positions in its team. Check them out here.
Hofy
Founder(s): Michael Ginzo, Sami Bouremoum
Founded in: 2020
Total funding: €13.8M
Hofy claims to be redefining the way organisations oversee their remote and hybrid workplaces. It helps centralise and automate workplace management processes such as HR Ops, facilities, finance, IT and legal, so businesses can focus on what they do best. The company says “Our mission is to create a world where there are no geographical boundaries to brilliant work.”
In October, Hofy raised $15.2M in a fresh round of funding and is looking to hire fresh talents in various departments such as finance, engineering, and operations, among others. Apply here.
Primer
Founder(s): Gabriel Le Roux, Paul Anthony
Founded in: 2020
Total funding: €67.5M
Primer is an automation platform for payments, helping merchants with infrastructure they need to build better buying experiences for their customers. It enables e-commerce merchants and online payments facilitators to connect and maintain their entire payments ecosystem through a unified payments API and checkout. These connections can include payment service providers (PSPs), payment methods, fraud providers, chargeback services, subscription billing engines, BI tools, loyalty, and rewards platforms.
Recently, the company raised $50M in its Series B round and is planning to triple its headcount in 2022. It has open roles across design, engineering, and marketing teams among others. Check them out here.
Allplants
Founder(s): Alex Petrides Petrides, Jonathan Petrides
Founded in: 2016
Total funding: €59.8M
Allplants operates as the UK’s vegan meal delivery service. It is an online platform and chef-to-customer service making it easy to eat more plants and less meat, with chef-made meals delivered at customers’ doorsteps.
The company’s business model combines convenience with delicious, healthy food and enables environmentally aware customers to easily reduce their impact on the world through small, delightful adjustments to their eating habits.
The company recently raised £38M in its Series B round and is looking to hire fresh talents. You can apply here.
Plum
Founder(s): Alex Michael, Victor Trokoudes
Founded in: 2016
Total funding: €30.6M
Plum Fintech is a developer of personal savings assistant solutions for customers. It offers Plum that monitors daily spending and automatically sets money aside that the user won’t need. It does that by analysing the account to learn about the income, expenses, and spending patterns, monitors the current account and transfers some money from it to the user’s Plum savings every few days. Plum also notifies the users about their balance.
In October 2021, the company raised $14M in its Series A round and witnessed its customers double in the last year – with more than 1 million people all over Europe saving and investing through Plum. It is now planning to further expand its services and is looking for fresh talents to join the team. Check out the roles and opportunities it has for you here.
Nothing
Founder(s): Carl Pei
Founded in: 2020
Total funding: €65.5M
Nothing is dedicated to removing the barriers between people and technology to create a seamless digital future. It is a consumer tech company providing wireless earbuds that combine refined design with precise engineering and active noise cancellation for a pure sound experience.
The company recently raised $50M in its Series A extension round for research and development in preparation for its entry into new product categories. It is looking for fresh talents. Check out the opportunities here.
Global Processing Services
Founder(s): Craig Dewar, Tony Kerr
Founded in: 2007
Total funding: €317M
Global Processing Services is a provider of a platform that processes payments and manages credit, debit, or prepaid card transactions. The platform enables the payments industry to deliver innovations through a combination of proprietary technology. Its offering, the GPS Apex, is an issuer processing platform that enables integration with clients, issuers, program managers, card manufacturers, and other service providers. GPS Apex helps transactions to be processed securely and reliably while enabling some of the innovations in the payments sector.
In October 2021, the firm raised $300M to accelerate its technology development and international expansion. The company is looking to increase its workforce and is offering various opportunities in different fields, check them out here.
Humn.ai
Founder(s): Alberto Romero, Chris Clarke, Mark Musson, Peter Bousquet
Founded in: 2017
Total funding: €22.9M
Humn.ai has developed an insurance platform that delivers risk-adjusted insurance pricing for highly utilised vehicles. Its platform delivers data-driven insurance services that connect cars directly to fleet insurance policies, providing live data, contextual scoring, and live geospatial exposure mapping to reduce decision latency. It enables fleet operators and insurers to manage claims and mitigate risk in real-time.
The company recently raised £10.1M in its Series A round of funding to further develop its insurance data capabilities and expand the commercial functions of the business, as well as expanding into Europe next year. It is currently looking to hire fresh talents in various departments. You can apply here.
Hibob
Founder(s): Israel David, Ronni Zehavi
Founded in: 2015
Total funding: €241M
Hibob offers a cloud-based human resource and benefits platform that allows companies to streamline their HR processes. The platform, named Bob, provides the department with all the technology needed to manage their workforces right from requesting documents, setting up accounts, and much more. It also enables timesheet and attendance management, payroll reporting, surveys, time-off approvals, and company directory searches.
The company raised $150M (approx €129.87M) in funding to expand its services globally and develop innovative work tech modules designed to support customer growth. Currently, Hibob is looking for fresh talents, check out its open positions here.
Vidsy
Founder(s): Alex Morris, Archie Campbell, Gerard Keeley
Founded in: 2014
Total funding: €22.1M
Vidsy is a creative technology engine powering mobile video ad creation to help brands. It helps them create effective video ads efficiently and consistently across digital channels. The company’s technology, global community of 6,000+ vetted creators, and fully managed services are empowering brands to intelligently transform their digital advertising for an ever-evolving world of mobile video.
With its recent funding of $16.5M, the company is on the lookout for like-minded folks to join their mission and help them pioneer a global creative ecosystem. You can
01
Dutch at Slush 2024: Meet the four 4TU startups who are fundraising at the world’s most founder-focused event