- Today, 13 high-tech businesses have joined Tech Nation’s prestigious Future Fifty program for leading UK tech companies.
- Over the last 10 years, the Future Fifty program has supported 22% (30) of the 138 tech unicorns established in the UK that have collectively raised £16.3bn (contributing to over a third of the £47.1bn raised by the entire UK). unicorn wolf).
- The 13 late-stage companies participating this year operate across multiple industries; from climate technology (Modern Milkman) and transportation technology (path), health technology (Florence) and fintech (built).
- Future Fifty 11.0 companies collectively employ more than 4,200 people and have raised over $2 billion in venture capital investment.
- Nearly half (46%) of these companies are headquartered outside of London, making it the most regionally diverse Future Fifty cohort ever.
- The success of these transformative businesses reflects the growth of the high-end technology ecosystem overall. in 2022 fAR, late-stage tech companies have raised $18.7 billion – more than 8 times the investment in 2012 ($2.3 billion) ten years ago.
- Over the past year, end-stage tech companies have collected 50 mega tours ($100 million+) compared to a decade ago (in 2012) when there were only 2 mega tours.
Technology NationThe UK’s leading growth platform for tech scaling has announced 13 startups selected to participate in the eleventh Future Fifty program for late-stage tech companies. Future Fifty is Europe’s leading growth program for high-tech businesses with alumni including Revolut, Skyscanner, Monzo and Deliveroo.
The latest companies to join the program are 12 UK tech ‘unicorns’ ($1bn+ worth of companies) and 166 ‘future corn’ (high-growth tech businesses under 10, currently $1bn in pipeline, created in 2022 alone) + preparing to gain valuation.
Collectively, the 13 companies participating in Future Fifty 11.0 operate in 19 different countries, raise $2.2 billion in VC investment (average total funding of over £150 million) and employ 4,269 people.
This is the most regionally diverse Future Fifty cohort, with almost half (46%) of end-stage companies coming from outside London. Headquartered in Somersham, in the east of England Paragraph produces high-purity graphene at scale (for making electronics), Cambridge-based artificial intelligence company speech science We have developed Automatic Speech Recognition technology that understands every human voice. Based in the North West, Manchester Modern Milkman while modernizing the milk tour to help customers reduce their household waste, zutoBased in Macclesfield, it’s working to make car financing more transparent.
Solving global challenges
In the wake of the Covid-19 pandemic and amid heightened environmental concerns and the cost of living crisis, these companies are helping us solve some of the greatest social, economic and environmental challenges of our time. Modern Milkman Healthtech is the first climate technology company to join the Future Fifty program, helping households reduce waste and live more sustainably. Florence uses technology to help tackle the worldwide shortage of healthcare professionals.
Another of the Future Fifty 11.0 companies, the insurtech company YuLife.
Britain’s cutting-edge tech ecosystem
The success of these high-achieving companies reflects the growth of the high-end technology ecosystem in general. in 2022 fAR, late-stage tech companies have raised $18.7 billion – more than 8 times the investment made a decade ago ($2.3 billion in 2012).
Over the past year, end-stage tech companies have collected 50 mega tours ($100 million+) compared to a decade ago (in 2012) when there were only 2 mega tours.
Mission of the Next Fifty
Over the last 10 years, the Future Fifty program has supported 22% (30) of the 138 UK-based tech unicorns in the UK, who have collectively raised £16.3bn (contributing to more than a third of the £47.1bn raised by unicorns) ). in England).
As an advanced technology business, the stakes are high, and Future Fifty is designed to offer personalized guidance that addresses the unique challenges of the most successful technology companies in the country. All companies participating in Future Fifty 11.0 will grow and expand rapidly in the coming months, with the average headcount growth projected for the next year being over 400% and businesses planning to expand to 44 countries collectively next year. .
Over the next 6 months, the newest Future Fifty group will guide them on their journey to rapid scaling by providing access to peer-to-peer learning opportunities, open dialogue between experienced entrepreneurs and founders, access to in-depth masterclasses led by experienced coaches. key government officials and private ministry roundtables, and access to a dedicated Tech Nation Visa team.
Tech Nation is happy to announce this. HSBC England, Evelyn Partners and massacre and may will be Program Partners for this year’s Future Fifty program and will provide invaluable support, expertise and insight to the new Future Fifty group.
Hussein Kanji, Partner of Hoxton Ventures and Future Fifty 11.0 Judge, said: “Over the past decade, Tech Nation’s Future Fifty program has been the definitive list to identify the UK’s best and brightest scaling tech companies. This is the strongest group I’ve ever seen in terms of ambition, innovation and scaling potential. See both winners and applicants improve year-on-year as the ecosystem continues to mature.”
Andres Pieczanski, Managing Partner of IA Global Capital and Future Fifty 11.0 Judge, said: “At a time of growing uncertainty in the economic environment, startups like Tech Nation’s Future Fifty provide a critical catalyst to support the next generation of British entrepreneurs. The level of innovation, growth and ambition these companies demonstrate should inspire us all.”
Ben Johnson, Partner of Vitruvian Partners and Future Fifty 11.0 Judge (and Member of the Founding Team) said: “It’s a real privilege to be on the jury for this year’s Future Fifty cohort. Over the years I have evaluated the programme, I have observed continued growth in the quantity and quality of entrants, which speaks to the growth and health of the UK tech ecosystem. I was incredibly impressed with the standard of submissions this year and the diversity of companies representing a wide range of industries from all over the country. Companies entering Future Fifty 11.0 have the potential to become future market leaders with the ambition and potential to scale rapidly with the support of Tech Nation.”
Lorna Tilbian, Chairman of Dowgate Capital and Future Fifty 11.0 Judge, said: “The number of companies applying to Future Fifty every year is getting exponentially more impressive. With so many talented founders building incredible products and companies and going through an extensive evaluation process, winners can really take pride in making this the best accelerator program for cutting-edge technology companies in the UK. I am excited to support the cohort on their Future Fifty journey with the Tech Nation team so they can become future market leaders. Part of such a valuable ecosystem and support network, the Future Fifty 11.0 cohort now has the opportunity to accelerate rapidly.”
Linda Main, Partner of KPMG and Future Fifty 11.0 Judge, said: “I have been the judge of the Future Fifty program since it was founded and over the years I have been consistently impressed by the wide range of UK tech businesses that have benefited from the program.”
Tom Wilson, Partner of Seedcamp and Future Fifty 11.0 Judge, said: “The quality of the applicants was really high and further highlights the strength of the UK’s end-stage technology companies. I have no doubt that the selected companies will make the most of the Future Fifty program and everything it has to offer.”
James Meekings, Co-Founder and UK Managing Director of Funding Circle and Future Fifty 11.0 Judge, said: “Congratulations to the newest Future Fifty companies! It has been a privilege to work with Tech Nation to support the UK’s cutting-edge technology firms. The Future Fifty 11.0 cohort shows once again how vibrant and truly disruptive the UK’s tech sector is. Tech Nation has been outstanding in accelerating the growth of the most ambitious UK founders, teams and businesses while the UK remains a global technology leader.”
Founder and Investor and Future Fifty 11.0 Judge Niamh Gavin said: “It’s always great to see companies I met at the napkin stage continue to be famous. Such a feat is even more impressive when they do so despite the recent global headwinds. Future Fifty’s mix of C-Suite masterclasses, peer support and Government demonstrations facilitate sustainable growth, which is key to the UK ecosystem.”
Rabin Yaghoubi, Corporate Development Director of Aleph Group and Future Fifty 11.0 Judge, said: “I have enjoyed reviewing this year’s impressive companies – all displaying resilience, creativity and sustainable growth in uncertain and turbulent times. Through Future Fifty, leaders of the UK’s fastest growing scale-ups receive unrivaled recognition, reach and peer-to-peer support, often at a critical stage in a solo journey. The program also sets a great example of how government-funded initiatives can impact and support our digital ecosystem.”
Best Picture: Speechmatics team