Now we’ve closed out 2020, we’re looking forward to 2021 and are excited to follow the progress of some of the most promising tech startups.
2020 has been a year where many businesses have struggled and some have flourished. Here’s our list of of 10 tech startups who we think have bright futures and will crush 2021.
The question is, with such uncertainty, who will flourish and who will fail?
CEO: Mark Allen
Total Funding: £366m
Ki Insurance is a first-of-its-kind, fully digital and algorithmically-driven Lloyd’s of London syndicate offering instant capacity, accessible anywhere, at any time.
The London-based insurtech startup closed around £366m in September 2020. The investment round was led by Tactical Opportunities, the investment division of Blackstone along with participation from Fairfax Financial Holdings.
Founder(s): Johnny Boufarhat
Total Funding: £141m
Hopin is a London-based live online events platform, an arch-rival to Zoom and now also known as the ‘Covid unicorn’.
The virtual events platform secured around £4.4M seed funding in February, £29.3M Series A funding in November and nearly £91.6M Series B funding in June 2020. As a result of investments from Accel, Seedcamp, Northzone, Salesforce Ventures, DFJ Growth and others, Hopin hit a mind-blowing £1.55bn valuation only 8 months after launch. Zoom took around 3 years to reach the same revenue growth.
Founder(s): Alessio & Ricardo Bruni
Total Funding: £50m
Heroes, a UK-based e-commerce company, which buys, operates and scales Amazon businesses is another bright startup in the list. Founded by identical twin brothers Riccardo and Alessio Bruni in June 2020, the startup secured nearly £50M in November 2020. The investment came from Fuel Ventures and 360 Capital Partners along with participation from Upper90 and angel investors including Matt Robinson and Carlos Gonzales.
Founder(s): Hooman Radfar, Ugur Kaner & Bugra Akcay
Total Funding: £6.5m
Collective, an online back office platform designed for businesses secured nearly £6.4 in September. The round was led by General Catalyst and QED Investors alongside participation from Google’s Gradient Ventures and Expa. Also, individual investors such as Garrett Camp, Vitor Lourenco, Darian Shirazi, Scott Belsky, Dylan Field, Gokul Rajaram, Jared Hecht, Dan Lewis, and Topher Conway took part in the round. Collective has been using the investment to bring the product to market, develop new products and technologies, and build additional community features among others.
Founder(s): Rhomaios Ram
Total Funding: £54.2m
Fnality announced that it raised £50M in June 2019 in Series A funding. It was founded by a group of banks including Banco Barclays and Santander and aims to design a digital cash system, which will enable safe and affordable cross-border payments. The company has been using the investment to continue developing its Utility Settlement Coin, a tool to set financial transactions.
Founder(s): Alberto Sanchez-Fueyo, Emma Morris, Elmar Jaeckel, Hans Stauss & Marc Martinez-Llordella
Total Funding: £38m
Quell Therapeutics was established with the aim of developing engineered T regulatory cell therapies. In May 2019, the London-based cell therapy startup raised £35M Series A funding led by Syncona along with participation from UCL Technology Fund. As a result of the funding round, Martin Murphy, the CEO of Syncona was appointed Chairman of Quell Therapeutics. Also, Elisa Petris and Freddie Dear, Syncona Partners became the Director and Observer on the Board respectively. The company used this investment to initiate the development of its first program.
Founder(s): Asher Ismail & Piotr Pisarz
Total Funding: £20m
Uncapped, Europe’s first revenue-based finance provider aims to help founders raise working capital without giving up control of their business.
Headquartered in London with offices in Warsaw, the growth finance company secured nearly £31M debt and equity funding in September 2020. The funding round was led by Mouro Capital along with All Iron Ventures and existing investors Seedcamp, Global Founders Capital, and White Star Capital. Also, angel investors – Taavet Hinrikus and Carlos Gonzales took part in the investment round.
Founder(s): Richard Cornall & Simon Davis
Total Funding: £27m
MiroBio, a spin-out of the University of Oxford, MicroBio intends to develop treatments for auto-immune diseases that do not disrupt the entire immune system.
The UK startup secured £27m Series A funding in 2019 co-led by Oxford Sciences Innovation, the University’s investor partner and US investor Samsara Biocapital. The investment was utilised to fund preclinical development of antibody drugs for unknown autoimmune diseases, expand its drug discovery efforts to unspecified diseases and grow its management team.
Founder(s): Brett Shanley
Total Funding: £23.5m
London-based Knoma helps lifelong learners finance their tech courses by spreading the cost via loans. In October last year, the company secured £21M debt and equity funding from Global Founders Capital, Fasanara Capital, Rocket Internet and Seedrs and angel investors including Christian Faes. Currently, the company plans to focus on the UK market initially but has global expansion plans in mind.
Founder(s): Gabriel Le Roux & Paul Anthony
Total Funding: £20m
Primer is a London startup that enables e-commerce merchants and online payments facilitators to consolidate their payments services stack and connect third-party services seamlessly. The company announced that it secure a £14M Series A round in November last year led by Accel and existing investors SpeedInvest, Balderton, and Seedcamp along with RTP Global. This was followed by a £3.8M raise in May 2020. Primer has been using the funds to expand business development efforts globally and scale its remote-first product and engineering organisation.