The modern world is being transformed by technology. Innovation, scalability, and enhanced customer experiences are essential to newly founded tech start-ups. In addition to creating new products or services, these companies use advanced technologies to address real-life issues, regardless of whether they’re related to the working world. These include insurance and remote working in the world of work and no deposit mobile casino games or mobile gaming music in the recreational world.
The proliferation of billion-dollar or more unicorn companies highlights the tech sector’s potential. With the highest number of such start-ups in the world, the UK ranks third. The capital of London is home to most of the UK’s unicorn companies, out of 25 that exist.
So, what are the best London tech start-ups? Let’s take a closer look!
Sourceful.io – Helps Companies with Environmentally Friendly Packaging and Stock Replenishment
The supply chain industry is on-trend, and investors are taking notice. A company named Sourceful.io was started by Wise, of Balderton, in 2020. It helps businesses build more sustainable supply chains and reduce carbon emissions. They raised funding from a fund known for its climate-related investments, Eka, and have experience in packaging from The Hut Group.
Funding: $12.2 Million
Flexa Career – A Job Platform for Flexible Roles
As a result of Covid’s ‘Work From Home’ decree, venture capital firms searched for innovations in recruiting and office start-ups. According to Crista Galli Venture’s managing partner Fiona Pathiraja, Flexa Career will be a big player in the recruitment space this year. Our work lives have been made more flexible by the pandemic. We match companies with the best talent while helping candidates find jobs that work around their schedules. Flexa has clients like Allianz, Far Fetch, and a variety of early-stage start-ups such as Elvie.
Funding: £770,000
AudioMob – Creates Non-Obstructive Audio for Mobile Games
Gareth Jefferies, a VC firm RTP Global partner, invested in AudioMob because games have become increasingly popular over the past few years due to Covid. However, advertisers have found it challenging to reach this market due to intrusive banner and video ads, which interfere with the gaming experience. With AudioMob, brands can connect without being intrusive through audio-only in-game advertising. Therefore, it has excellent potential to become the pre-eminent advertisement platform and become the most prominent gaming platform.
Funding: $16 Million
Omnipresent – A Help Firm to Pay, Employ, and Support Remote Working Staff across the Globe.
As RLC Ventures’ founding partner, Reece Chowdhry, says, the company has been well-positioned to capitalise on the disruption caused by Covid-19 to employment structures around the world. The trend towards remote work is becoming evident, and infrastructure supporting the adoption of this technology is thriving.
Funding: $17.8 Million
They were founded by serial entrepreneurs Jay Radia of Yieldify and Anton Boner, head of artificial intelligence at Revolut. With so many interviews taking place online and on channels like Zoom, the Screenloop software ensures that no inappropriate questions are being asked, suitable topics are covered, and employees receive coaching to become better interviewers. Although still in its infancy, it is starting to scale.
Funding: £1.9 Million
Huboo – A Logistic Firm providing Distribution Networks and Warehouses to E-Commerce Businesses
One of the founders of Hoxton, Kanji, states one of his regrets is not investing in Huboo, a third-party logistics service that helps companies ship orders faster to customers. The company has been growing quickly and is quickly becoming one of the largest logistics companies in Europe.
Funding: $100.8 Million
Incident.io – Provides companies with fast and efficient information restoration when they experience an outage or a data breach
This year is about fixing bugs, says James Wise, partner at tech VC Balderton Capital. He says our lives have become increasingly dependent on software, particularly during the pandemic. Who are you going to contact in case your software develops a bug? Among his picks is Incident, a software team response company whose founders contributed to UK unicorns such as Monzo and GoCardless.
Funding: $4.7 Million
Hyperexponential – Insurance Pricing Solution
New players are disrupting the insurance industry’s value chain, a vast industry. In addition to providing actuarial expertise, data science, and modern UX, Hyperexponential also prepares both incumbents and newcomers. With a team of co-founders who have all worked in senior positions within the industry, the company has created the go-to software for an essential part of insurance and is set for great things in 2022.
Funding: $18 Million
