We’re very excited to announce that we’re joining Future Fifty in 2018. The Future Fifty programme from Tech City UK has chosen a new cohort of 26 late-stage companies and we can’t wait to work with them all.
Future Fifty gives 26 fast-growing companies immediate access to a valuable peer network; expert-led classes and workshops designed to take their businesses to the next levels; and a higher profile amongst the wider tech ecosystem. Future Fifty companies represent some of the country’s most exciting growth stage tech businesses while changing the sectors that they operate in fundamentally.
The 26 late-stage companies this year are joining a larger network of Future Fifty companies and alumni, now totalling 126.
Of those that have been through the programme since 2014, Future Fifty’s track record now includes:
- Five IPOs on the London Stock Exchange
- 23 M&A’s of which 7 in the last year, including MatchesFashion.com (acquired $1bn), JustGiving (acquired $120m) and Shazam (acquired $400m).
- Over $5.5bn raised in funding, including $1.7 billion in 2017
- The companies have created 27,000 jobs around the world, demonstrating the extent to which tech is rapidly creating jobs and wealth throughout the UK, and have offices in 59 countries
- A string of alumni companies that are household names including Just Eat and Zoopla.
The companies included, per sector:
EdTech: Firefly Learning
Parveen Dhanda, Programme Lead for Future Fifty at Tech City UK, said: “We’re delighted to welcome 26 new exceptional high- growth companies onto the Future Fifty programme for 2018 and to welcome back 24 of last year’s experienced participants. The Future Fifty class of 2018 includes companies from right across the UK, operating in sectors as diverse as cutting-edge fintech solutions, and innovative music hardware. But all these companies face common challenges in scaling their teams and operations and share an ambition to build world-beating global digital businesses.
“The Future Fifty will get access to some of the world’s leading innovators and experts in the form of our advisors and partners, and join a powerful network of the UK’s fastest-growing late-stage digital businesses, working to grow further, faster, together.”
• 31% companies based outside London
• 15% companies with female founder/co-founder
• Average company age: 8 years
• Average revenues per year: £24.4m
• Average number of employees: 142
• 69% Business to Business companies
• 15% Companies addressing both consumer/ business markets
• 15% Consumer-facing companies
• 11% Female board members
Some of the new companies joining Future Fifty along with Memrise: