Over the last few years, the UK tech startup scene has seen unprecedented growth in every conceivable relevant metric in Europe, emerging as ‘the’ place to build a business. In fact, Britain steadily yielded positive results when it comes to digital innovation and technology.
More than a third of Europe’s fastest-growing tech firms are based in the UK, thanks to the highly-skilled workforce and easy access to foreign markets. With endless opportunities and enthusiasm, there seems to be no sign of things slowing down in the near future.
In this regard, we have jotted down the top 10 fast-growing startups and tech unicorns that are creating a wave in the UK tech market this year already.
Deliveroo (London)
Founders: Greg Orlowski, William Shu
Funding: €1.3B
Deliveroo owns and operates an online food delivery platform in the United Kingdom. Founded in 2013 by William Shu and Greg Orlowski, the company works with over 80,000 restaurants and takeaways and 60,000 riders. Headquartered in London, the company has over 2,500 employees across the world. It operates in 500 cities and towns across 14 countries.
Revolut
Founders: Nikolay Storonsky, Vlad Yatsenko
Funding: €309M
Founded in 2014, Revolut is a digital banking alternative that includes a pre-paid debit card, currency exchange, and peer-to-peer payments. With this platform, the company aims to build a fair and frictionless platform to use and manage money around the world. It has developed a platform allowing users to transfer, exchange, and spend money with a multi-currency card that is accepted everywhere.
Social Chain
Founders: Dominic McGregor and Steve Bartlett
Funding: €1.8M
Social Chain, a social media marketing agency. The company has worked with big tech giants, including Amazon, Apple Music, BBC, Universal, and others.
Darktrace
Founders: Dave Palmer, Emily Orton, Jack Stockdale, Nicole Eagan, Poppy Gustafsson
Funding: €210M
Darktrace is an artificial intelligence company for cybersecurity. The company uses machine learning and AI algorithms to detect and respond to cyber-threats across diverse digital environments, including cloud and virtualized networks, IoT, and industrial control systems. The technology is self-learning and requires no set-up, identifying threats in real-time and updating its understanding as the environment changes.
AimBrain
Founders: Alesis Novik, Andrius Sutas
Funding: €4.5M
AimBrain helps organisations detect and prevent fraud through anomaly detection, behavioral biometrics, and three active biometric authentication modules. Founded in 2014, the company focuses on tech and fintech organisations as the main customer base.
Benevolent AI
Founders: Brent Gutekunst, Ivan Griffin, Ken Mulvany, Michael Brennan
Funding: €263M
Founded in 2013, BenevolentAI has developed Artificial Intelligence and machine learning technology to speed up scientific discovery via mass analysis of scientific data. The company has transformed the way medicine is designed, developed, and tested.
The company has headquarters in London with a research facility in Cambridge (UK) and further offices in New York and Belgium. BenevolentAI has active R&D drug programmes from discovery to PhaseIIb in disease areas such as ALS, Parkinson’s, Glioblastoma, and Sarcopenia.
Blockchain
Founders: Ben Reeves, Nicolas Cary, and Peter Smith
Funding: €63.6M
Founded in 2011, Blockchain is a web-based bitcoin platform that makes using bitcoin safe, easy, and secure for all consumers and businesses worldwide. Right now, the platform is the provider of the world’s most popular Bitcoin wallet, the most widely used Bitcoin APIs, the most popular block explorer, and search engine.
Elvie
Founders: Alexander Asseily, Tania Boler
Funding: €44.6M
The health tech startup Elvie develops smarter technology to improve the health and lives of women everywhere and at all stages of life. Founded in 2013, Elvie’s first product, Elvie Trainer, is an award-winning app-connected Kegel trainer that helps women strengthen their pelvic floor using fun, five-minute workouts with real-time biofeedback.
On the other hand, the femtech company launched its second innovation, Elvie Pump, the world’s first silent wearable breast pump, which creates an entirely new pumping experience that offers women complete freedom and mobility.
Bulb
Founders: Amit Gudka, Hayden Wood
Funding: €72M
Bulb is a startup energy supplier that provides 100% renewable electricity and gas to homes across the UK. When you switch to Bulb, they make sure that for every unit of electricity you use, a unit is produced and put on the grid by a renewable source like Oak Grove Solar Farm in Monmouthshire.
Medopad
Founders: Dan Vahdat, Rich Khatib
Funding: €49.1M
This global health tech company aims to help people with chronic, complex, and rare diseases to live longer, better lives. Founded in 2011, the company has developed an AI algorithm to detect and predict life-threatening medical conditions based on patients’ history and vital signs. Headquartered in London, Medopad has offices in the US and China.
Main image credits: Deliveroo
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