Business development · 6 November 2015

These inspiring UK tech firms are set to reach £100m in the next five years

Graze, the business delivering healthy snacks by post, made the cut
Graze, the business delivering healthy snacks by post, made the cut

Silicon Valley Comes to the UK has invited a new batch of high-growth firms to join its Scale Up Club, for their potential to reach £100m in the coming three to five years.

The not-for-profit organisation holds a series of events that bring together early-stage investors with successful entrepreneurs, students and investors to discuss how they have come to create today’s most disruptive technologies. Its Scale Up Club chooses firms based on their year-on-year growth rate over the past three years.

The likes of Graze, Hassle and Bloom & Wild all made the cut, as did Skimlinks, Duedil and Sky-Futures.

The businesses currently have a combined revenue of £300m, employing over 3,100 people in the UK, and have an average growth rate of 110 per cent. Kano, Bloom & Wild, Hassle and MotorK are growing at a rate of over 1000 per cent per year.

The CEOs of these flourishing firms are invited to take part in a programme of networking, mentoring sessions and workshops, starting with the CEO Summit at the London Stock Exchange.

SVC2UK was launched in 2006 by angel investors Sherry Coutu and Ellen Levy and internet entrepreneur Reid Hoffman. Previous businesses to be featured in the Scale Up Club include TransferWise and SkyScanner – now valued at over $1bn.

Recent research from London & Partners found that the UK had attracted more VC investment from Silicon Valley-based investors than any other major European country over the last five years, with 290 completed deals worth a combined total of around $4.2bn.

Janet Coyle, director SVC2UK at London & Partners, said: “This year’s Scale Up Club includes some of the UK’s fastest growing digital businesses and provides further proof that we can produce companies of genuine scale.”

“There has arguably never been a greater time to grow and scale a digital business in the UK and I have no doubt that the Scale Up Club alumni will go on to be market leaders,” she added.

London-based tech firms attracted nearly half of all deals into the UK from Silicon Valley – totalling $1.9bn, which was more than Paris, Amsterdam and Madrid combined. The Mayor Boris Johnson has also just unveiled a new £5bn programme to improve young Londoners’ digital skills and open up opportunities for them to join the capital’s tech companies of the future.

VC investment into the UK’s tech sector reached a record high this year, with $2.2bn raised by UK firms – and three-quarters of that secured by London-based companies.

Sherry Coutu, co-founder of SVC2UK, said: “I am so proud of the work SVC2UK has been doing to encourage high impact entrepreneurship over the past nine years.”

She said the work her team was doing “provides evidence that scale-up leaders need access to corporate customers and effective professional support schemes to help them expand faster”.

The 2015 list of top UK tech firms joining the Scale Up Club:

  1. Adzuna
  2. Blaze
  3. Bloom & Wild
  4. BorrowMyDoggy
  5. busuu.com
  6. Cambridge Intelligence
  7. Careflow connect
  8. Clear Returns
  9. CMO Software
  10. Commerce Guys
  11. Concirrus
  12. Dressippi
  13. Duedil
  14. Entrade Energie Systems
  15. ESBConnect
  16. Freeformers
  17. Graze
  18. Grub Club
  19. Halo Insurance Services Limited
  20. Hassle.com
  21. Invenio Business Solutions
  22. Isansys
  23. iStorage Limited
  24. Kaizen Furniture
  25. Kano
  26. Kanteron Systems
  27. Miradore
  28. Mosaicoon
  29. MotorK
  30. My Showcase Limited
  31. Network Locum
  32. Oviva
  33. Parkopedia
  34. Pointr
  35. Prisma Electronics
  36. Raspberry Pi Foundation
  37. Realeyes
  38. Reevoo
  39. Renal Services
  40. Rocketseed
  41. Secretsales.com
  42. Skimlinks
  43. Sky­-Futures
  44. Smart Currency Exchange
  45. Snapfashion
  46. Swiftkey
  47. Switch
  48. Technology Will Save Us
  49. The Test People
  50. translate plus
  51. TrialReach
  52. TRULY Experiences
  53. uMotif
  54. Undo Software
  55. Urban Massage
  56. Vocality
  57. WhatUsersDo
  58. Yomp

Sign up to our newsletter to get the latest from Business Advice.


 
TAGS:

ABOUT THE EXPERT

Rebecca is a reporter for Business Advice. Prior to this, she worked with a range of tech, advertising, media and digital clients at Propeller PR and did freelance work for The Telegraph.

Business development