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Tech City UK adds 15 firms to Future Fifty programme


Tech City UK has announced 15 new members for its Future Fifty programme, including delivery platform Deliveroo and ecommerce solutions provider Yieldify.

Other companies in the new intake of the programme, which supports 50 of the UK’s leading growth-stage digital companies, include crowdfunding venture Crowdcube and mobile gaming company Space Ape Games.

Ecommerce is the dominant focus for this year’s new intake, with a third of the new companies joining the Future Fifty offering ecommerce solutions.

Eileen Burbidge, chair at Tech City UK, said: “The UK is developing a global reputation for world-class digital innovation in sectors such as fintech and e-commerce. In turn, this is attracting increasing investment activity, talent and expertise into the country.”

Of the 15 firms joining the programme, nine are based in London, with the others being based in Brighton, Ricksmanworth, Exeter, Basingstoke and Sheffield.

The amount of declared funding received by the companies to date tops $662.14m (£441.27m).

A number of notable companies have graduated from the Future Fifty programme, including Hailo, Shazam, and Secret Escapes.

Gerard Grech, CEO of Tech City UK, said: “In a rich and varied marketplace, these entrepreneurs are united by global ambition and enormous potential.”

The companies joining the programme are:

Brandwatch (Brighton) – Description: a leading enterprise social intelligence company

Established: 2005

Raised $64.73m to date

Buddi (Rickmansworth) – Description: a hardware and software provider to remotely monitor health and safety

Established: 2005

Crowdcube (Exeter) – Description: a crowdfunding venture for entrepreneurs

Established: 2010

Raised $15.86m to date, over £100m raised by entrepreneurs through the platform

Deliveroo (London) – Description: a delivery platform bringing high end food to homes and offices via web and mobile

Established: 2013

Raised $199.59m to date

FundApps (London) – Description: a software provider offering a cloud-based regulatory compliance monitoring service

Established: 2010

Monitoring over $1trn USD in assets on a daily basis

Iwoca (London) – Description: a Fintech specialist offering finance to the millions of SMEs across Europe

Established: 2011

Raised $31.45m to date

LoopUp (London) – Description: a SaaS solution for remote business meetings

Established: 2003

Lost My Name (London) – Description:  marrying technology and publishing to create personalised children’s books

Established: 2012

Raised $9.84m to date and sold over 1m children’s books in the last two years

MWR InfoSecurity (Basingstoke) Description: A research-led cyber security consultancy

Established: 2003

Raised $3m to date

NewVoiceMedia (Basingstoke) – Description: a cloud customer contact platform to deliver a personalised customer service and drive a more effective sales team

Established: 2000

Raised $111.3m to date

Peak (London) – Description:  a mobile cognitive training platform designed by neuroscientists

Established: 2013

Raised $10m to date, over 6m players in less than 12 months of operation

Powa Technologies (London) – Description: ecommerce specialists integrating the physical and digital worlds

Established: 2007

Raised $176.7m to date – Series A investment of $76m was the single largest seed investment in a UK technology startup

Space Ape Games (London) – Description: award winning mobile gaming company focused on mid-core games

Established: 2012

Raised $28.17m to date

The Floow Limited (Sheffield) – Description: An independent UK based telematics company which supports leading insurers, car manufacturers and fleet operators across the globe

Established: 2012

Yieldify (London) – Description: ecommerce solutions to turn visitors into customers

Established: 2013

Raised $11.5m to date