We are back with our latest report on top #BusinessModels in based on #Tracxn's #proprietary #taxonomy https://tracxn.com/platform/file-manager/file/ZmlsZUlkPVR0TTVSbGZTZTRKdURnQVRFTHZxWDQ3b25tT1BQR0hoa0pJQXp1Yjd3OUk%3D Get our free reports on geo of your interest to your mailbox regularly

1. TRACXN TOP BUSINESS MODELS REPORT
July 20, 2023
UNITED KINGDOM TECH

2. United Kingdom Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
United Kingdom Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. United Kingdom Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Funding in last 1 year
3
Transplant Medicine $2.9B
Cryptocurrencies $1.7B
Healthcare IT $1.1B
Cybersecurity $898M
Energy Efficiency Tech $691M
Banking Tech $608M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
SFC Capital
Fuel Ventures
Y Combinator
17
15
11
Early
Stage
Octopus Ventures
Mercia
BGF
15
14
12
Late
Stage
Google Ventures
Barclays
Insight Partners
4
4
4
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Quell
(2019, London)
$2.9B - Series C
BitGoldEx
(2015, London)
$715M - Series A
Octopus Energy
(2015, London)
$550M - Series F
CheBots
(2018, London)
$500M - Series D
Cera
(2016, London)
$320M - Series D
Cera
(2015, London)
$320M - Series C
Builder
(2012, London)
$250M - Series D
Snyk
(2015, Reading)
$197M - Series G
Copper
(2018, London)
$196M - Series C
Mews
(2012, London)
$185M - Series C
Accelerant
(2018, Colchester)
$150M - Series A
Oxbotica
(2014, Oxford)
$140M - Series C
London (74%)
Oxford (4%)
Cambridge (3%)
Manchester (2%)
Bristol (2%)
Others (15%)

4. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲24 Drugs for Immunological Disorders $2.9B 5 Quell | $2.9B | Series C Link
2-- Crypto Order Management Solution $715M 1 BitGoldEx | $715M | Series A Link
3<> 0 Green Utilities $628M 3 Octopus Energy | $550M | Series F Link
4▼2 Utility Bill Management Software $550M 2 Octopus Energy | $550M | Series F Link
5-- Cryptocurrencny Algo Trading Platforms $500M 1 CheBots | $500M | Series D Link
6-- Value Based Medical Care Management $325M 3 Cera | $320M | Series D Link
7-- $320M 1 Cera | $320M | Series C Link
8▲18 Low Code Development Platforms $279M 6 Builder | $250M | Series D Link
9▲8 Oncology Drugs $271M 17 Pheon Therap.. | $68.0M | Series A Link
10▲25 Anti Fraud Management $250M 4 Quantexa | $129M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲11 Security Testing Software $237M 4 Snyk | $197M | Series G Link
12▼3 Cryptocurrency Custodian Services $232M 2 Copper | $196M | Series C Link
13▲5 Blockchain Networks $190M 9 Aztec | $100M | Series B Link
14-- All-In-One Hotel Management Systems ... $189M 4 Mews | $185M | Series C Link
15-- Image Recognition $188M 4 Quantexa | $129M | Series E Link
16▼13 Open Banking $170M 10 Volt | $60.0M | Series B Link
17▼17 Digital Banks $159M 2 Allica Bank | $123M | Series C Link
18▲18 Insurance Risk Management $153M 3 Accelerant | $150M | Series A Link
19▲8 Internet First Retail Bank $146M 4 Zopa | $92.5M | Series H Link
20-- Data Discovery and Visualization Platforms $145M 5 Quantexa | $129M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- EV Charging Network Operators $138M 3 Be.EV | $127M | Series D Link
22-- Financial Regulatory Compliance $131M 3 Quantexa | $129M | Series E Link
23-- Carbon Credit Trading Platform $130M 10 Sylvera | $57.0M | Series B Link
24-- Employee Benefits Software $129M 8 Smart Pension | $95.0M | Series E Link
25-- Digital Art Online $126M 2 Stability AI | $101M | Seed Link
26-- Lithium Ion Secondary Batteries $126M 3 Britishvolt | $121M | Series C Link
27-- Gaming Engines $121M 2 Improbable | $111M | Series D Link
28▲8 Gene Therapy $120M 4 Nucleome The.. | $42.2M | Series A Link
29-- Building Energy Management System $110M 3 Infogrid | $90.0M | Series B Link
30▲7 Alternative Credit Card $106M 4 Jaja | $48.7M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Plug In Electric Vehicle Chargers $104M 2 EO Charging | $80.0M | Series B Link
32-- Data Security $97.3M 7 OneTrust | $50.0M | Series C Link
33-- Physical Identity Access Management $97.0M 3 GSS | $45.0M | Series C Link
34-- Active Noise Cancellation Earbuds $96.8M 1 Nothing | $96.8M | Series C Link
35-- Radiological Image Analysis Software $95.5M 5 Perspectum | $55.0M | Series C Link
36-- Risk Management Software $95.3M 9 Coincover | $30.0M | Series B Link
37-- Robo Advisors for Retirement Planning $95.0M 1 Smart | $95.0M | Series E Link
38-- Text to Video $93.6M 2 Synthesia | $90.0M | Series C Link
39▼16 Internet First Consumer Loans $92.5M 1 Zopa | $92.5M | Series H Link
40▼24 Electric Truck Manufacturers $89.7M 3 Volta Trucks | $62.3M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Risk Management Solutions $88.3M 5 Access Fintech | $60.0M | Series C Link
42-- Superconducting Quantum Computer $87.9M 3 Quantum Motion | $50.5M | Series B Link
43-- Non-Invasive CGM Devices $86.6M 3 Osler Diagno.. | $85.0M | Series C Link
44-- Retinal Disorder Drugs $79.1M 1 Complement T.. | $79.1M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Quell (2019, London)
$2.9B - Series C - Jun 2023
Maxion Therapeutics (2020, Cambridge)
$16.0M - Series A - Feb 2023
OMass Therapeutics (2016, Oxford)
$12.4M - Series B - May 2023
CV6 Therapeutics (2012, Belfast)
$5.6M - Series A - Nov 2022
Amphista Therape.. (2018, Motherwell)
Undisclosed - Series B - Dec 2022
Drugs for Immunological Disorders -
United Kingdom
01
9
Back to index
Immunology (NodThera)
(# Cos: 63 | $4.2B)
Drugs (Stallergenes Greer)
(# Cos: 53 | $4.2B)
Diversified (Amphista Therapeutics)
(# Cos: 24 | $3.5B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$2.9B (▲770%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$3.5B
20
4
24
5
Amphista Therapeutics
(2018, Motherwell, $60.5M)
C4X Discovery
(2008, Manchester)
Quell
(2019, London, $3.1B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Crypto Order Management Solution -
United Kingdom
02
10
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$715M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$715M
2
-
14
0
Cryptocurrencies (Luno)
(# Cos: 2398 | $4.9B)
Financial Services (Uphold)
(# Cos: 1634 | $3.9B)
Investment Industry (Blockchain)
(# Cos: 1171 | $3.2B)
Trading Enablers (Pollen)
(# Cos: 78 | $818M)
Trade Management (Bridgeweave)
(# Cos: 14 | $715M)
Bridgeweave
(2017, London)
Digital RFQ
(2019, London)
Prycto
(2017, Gibraltar)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BitGoldEx (2015, London)
$715M - Series A - Oct 2022

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Green Utilities - United Kingdom
03
11
Back to index
Smart Grid (OVO Energy)
(# Cos: 225 | $3.1B)
Green Utilities (Octopus Energy)
(# Cos: 5 | $2.5B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$628M (▼34.2%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.5B
4
-
5
2
Octopus Energy
(2015, London, $2.0B)
OVO Energy
(2009, Bristol, $258M)
Bulb
(2014, London, $91.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Octopus Energy (2015, London)
Undisclosed - Series F - Sep 2022
$550M - Series F - Jul 2022
Tesseract (2022, London)
$78.0M - Series A - Sep 2022

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Utility Bill Management Software -
United Kingdom
04
12
Back to index
Energy Efficiency Tech (Deepki)
(# Cos: 677 | $3.1B)
Utility Bill Management (Octopus Energy)
(# Cos: 7 | $2.0B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$550M (▼42.4%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.0B
5
-
7
2
Octopus Energy
(2015, London, $2.0B)
Utilita
(2003, Winchester)
One Utility Bill
(2014, Newcastle Upon .., $6.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Octopus Energy (2015, London)
Undisclosed - Series F - Sep 2022
$550M - Series F - Jul 2022

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrencny Algo Trading Platforms
- United Kingdom
05
13
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$500M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$509M
13
-
134
0
Cryptocurrencies (Luno)
(# Cos: 2398 | $4.9B)
Financial Services (Uphold)
(# Cos: 1634 | $3.9B)
Investment Industry (Blockchain)
(# Cos: 1171 | $3.2B)
Online Trading Platforms (Archax)
(# Cos: 547 | $703M)
Algo Trading (Crypto Facilities)
(# Cos: 134 | $509M)
Crypto Facilities
(2014, London, $1.5M)
Coinrule
(2017, London, $2.3M)
Mizar
(2019, London, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CheBots (2018, London)
$500M - Series D - May 2023

14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Value Based Medical Care Management
- United Kingdom
06
14
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$325M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$549M
31
-
113
3
Healthcare IT (AccuRx)
(# Cos: 2459 | $3.6B)
Value Based Care (Nymbl Science)
(# Cos: 560 | $2.1B)
Care Coordination (Cera)
(# Cos: 160 | $989M)
Care Planning & Management
(Birdie)
(# Cos: 113 | $549M)
Birdie
(2017, London, $62.4M)
Lumeon
(2005, London, $78.5M)
Care Line Live
(2014, Horsham, $5.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cera (2016, London)
$320M - Series D - Aug 2022
Care Line Live (2014, Horsham)
$3.7M - Series B - Jan 2023
SmpliCare (2020, Edinburgh)
$905K - Seed - Aug 2022

15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
- United Kingdom
07
15
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$320M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$427M
2
-
2
1
Healthcare IT (AccuRx)
(# Cos: 2459 | $3.6B)
Value Based Care (Nymbl Science)
(# Cos: 560 | $2.1B)
Care Coordination (Birdie)
(# Cos: 160 | $989M)
MatchMaking (Cera)
(# Cos: 2 | $427M)
Cera
(2015, London, $421M)
Swift Shift
(2016, London, $5.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cera (2015, London)
$320M - Series C - Aug 2022

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Builder (2012, London)
$250M - Series D - May 2023
Genesis (2012, London)
$20.0M - Series C - Jul 2022
Budibase (2019, Belfast)
$7.0M - Seed - Sep 2022
Sticky (2019, London)
$1.9M - Seed - May 2023
February (2020, York)
$115K - Angel - Nov 2022
$306K - Seed - Aug 2022
Low Code Development Platforms -
United Kingdom
08
16
Back to index
Application Development Tools (Thirdweb)
(# Cos: 460 | $1.1B)
Code Development (Builder)
(# Cos: 179 | $876M)
Low Code Development Platforms
(Genesis)
(# Cos: 129 | $863M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$279M (▼13.1%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$863M
26
-
129
5
Genesis
(2012, London, $270M)
Builder
(2012, London, $450M)
Stacker
(2017, London, $23.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Pheon Therapeutics (2022, London)
$68.0M - Series A - Sep 2022
Carrick Therapeutics (2015, Oxford)
$60.0M - Series C - Dec 2022
$12.5M - Series C - Oct 2022
Storm Therapeutics (2015, Cambridge)
$30.0M - Series B - Dec 2022
CellCentric (2003, Cambridge)
$25.0M - Series E - Jul 2023
Charm Therapeutics (2021, London)
$20.0M - Series A - Apr 2023
Accession Therapeu.. (2020, Abingdon)
$19.7M - Series A - Nov 2022
View all 17 Funding Rounds on Tracxn Platform
Oncology Drugs - United Kingdom
09
17
Back to index
Oncology (Achilles Therapeutics)
(# Cos: 315 | $6.0B)
Drugs (Replimune)
(# Cos: 203 | $5.3B)
Diversified (Mereo BioPharma)
(# Cos: 172 | $4.2B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$271M (▼40%)
17(▼5.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$4.2B
121
22
172
16
Mereo BioPharma
(2015, London, $141M)
Replimune
(2015, Oxford, $87.0M)
Achilles Therapeutics
(2016, London, $242M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Anti Fraud Management - United
Kingdom
10
18
Back to index
Cybersecurity (Snyk)
(# Cos: 1604 | $6.8B)
Anti Fraud (Quantexa)
(# Cos: 195 | $1.5B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$250M (▲20.8%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
18
$1.5B
53
3
195
21
Quantexa
(2016, London, $371M)
ComplyAdvantage
(2014, London, $113M)
Featurespace
(2008, Cambridge, $111M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, London)
$129M - Series E - Apr 2023
Access Fintech (2016, London)
$60.0M - Series C - Sep 2022
MPCH Labs (2022, London)
$40.0M - Series A - Sep 2022
SteelEye (2017, London)
$21.0M - Series B - Sep 2022

19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015, Reading)
$25.0M - Series G - Jan 2023
$197M - Series G - Dec 2022
Push (2020, St Albans)
$15.3M - Series A - Apr 2023
Cytix (2022, Manchester)
$286K - Seed - Apr 2023
Security Testing Software - United
Kingdom
11
19
Back to index
Software Testing Tools (Spirent)
(# Cos: 152 | $1.5B)
Testing Types (Veracode)
(# Cos: 64 | $1.4B)
Security Testing (Snyk)
(# Cos: 19 | $1.4B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$237M (▼38.6%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.4B
8
-
19
3
Snyk
(2015, Reading, $1.2B)
Veracode
(2006, London, $107M)
Provar
(2014, London, $24.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Custodian Services -
United Kingdom
12
20
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$232M (▼60%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$936M
8
1
14
2
Cryptocurrencies (Luno)
(# Cos: 2398 | $4.9B)
Financial Services (Uphold)
(# Cos: 1634 | $3.9B)
Investment Industry (Blockchain)
(# Cos: 1171 | $3.2B)
Custodian Services (Qredo)
(# Cos: 14 | $936M)
Qredo
(2012, London, $97.0M)
Copper
(2018, London, $791M)
Zodia
(2020, London, $36.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copper (2018, London)
$196M - Series C - Oct 2022
Zodia (2020, London)
$36.0M - Series A - Apr 2023

21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - United Kingdom
13
21
Back to index
Blockchain Infrastructure (Elliptic)
(# Cos: 590 | $1.5B)
Blockchain Network (Aztec)
(# Cos: 93 | $684M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$190M (▼54.8%)
9(▼10%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$684M
40
-
93
9
Aztec
(2018, London, $119M)
Celestia
(2011, London, $56.5M)
Flare Networks
(2019, British Virgin .., $11.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aztec (2018, London)
$100M - Series B - Dec 2022
Celestia (2011, London)
$55.0M - Series B - Oct 2022
ParFin (2019, London)
$15.0M - Seed - Jan 2023
Radix (2013, London)
$10.0M - Series A - Mar 2023
Infinity Exchange (2022, London)
$4.2M - Seed - Sep 2022
LandVault (2017, London)
$3.0M - Series B - Mar 2023
Tromero (2022, London)
$2.0M - Seed - Jul 2023
View all 9 Funding Rounds on Tracxn Platform

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
All-In-One Hotel Management Systems
... - United Kingdom
14
22
Back to index
Hotel IT (RateGain)
(# Cos: 278 | $708M)
Hotel Management Suite (Mews)
(# Cos: 94 | $269M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$189M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$269M
10
-
94
3
Mews
(2012, London, $225M)
GuestReady
(2016, London, $19.5M)
Lavanda
(2014, London, $12.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mews (2012, London)
$185M - Series C - Dec 2022
Hotel Manager (2018, London)
$2.7M - Seed - May 2023
$1.2M - Seed - Dec 2022
Newbridge Software (2017)
Undisclosed - PE - Oct 2022

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Image Recognition - United Kingdom
15
23
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$188M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$797M
38
1
86
12
AI Infrastructure (Arm)
(# Cos: 296 | $2.6B)
Computer Vision (Yoti)
(# Cos: 137 | $905M)
Object Recognition (Kheiron Medical
Technologies)
(# Cos: 91 | $806M)
Image Analysis (Featurespace)
(# Cos: 89 | $806M)
Image Recognition (Quantexa)
(# Cos: 86 | $797M)
Quantexa
(2016, London, $371M)
Featurespace
(2008, Cambridge, $111M)
Kheiron Medical Techno..
(2016, London, $27.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, London)
$129M - Series E - Apr 2023
MPCH Labs (2022, London)
$40.0M - Series A - Sep 2022
Mypinpad (2012, Cardiff)
$13.0M - Series C - Jun 2023
Deep Render (2018, London)
$6.3M - Series A - Mar 2023

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Open Banking - United Kingdom
16
24
Back to index
Banking Tech (Revolut)
(# Cos: 811 | $13.4B)
Open Banking (TrueLayer)
(# Cos: 121 | $1.9B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$170M (▼81.5%)
10(▼54.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.9B
49
-
121
23
TrueLayer
(2016, London, $273M)
Yapily
(2017, London, $70.8M)
Codat
(2017, London, $173M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volt (2019, Bristol)
$60.0M - Series B - Jun 2023
The Bank of London (2021, London)
$40.0M - Series C - Feb 2023
Toqio (2019, London)
$19.2M - Series A - Sep 2022
Banked (2018, London)
$15.0M - Series A - Nov 2022
Ordo (2018)
$11.3M - Series A - Oct 2022
Omnio (2018, London)
$9.6M - Series C - Feb 2023
DirectID (2010, Edinburgh)
$9.6M - Series A - Feb 2023
View all 10 Funding Rounds on Tracxn Platform

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Digital Banks - United Kingdom
17
25
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$159M (▼83.7%)
2(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.5B
8
-
18
5
Banking Tech (Tide)
(# Cos: 811 | $13.4B)
Internet First Banks (Monzo)
(# Cos: 186 | $7.4B)
Digital Native Banks (Starling Bank)
(# Cos: 40 | $6.7B)
Diversified (Revolut)
(# Cos: 18 | $5.5B)
Revolut
(2015, London, $2.1B)
Starling Bank
(2014, London, $1.1B)
Monzo
(2015, London, $1.2B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Allica Bank (2017, London)
$123M - Series C - Dec 2022
Atom bank (2014, Blyth)
$36.3M - Series E - Nov 2022

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Insurance Risk Management - United
Kingdom
18
26
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$153M (▼25.7%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$442M
11
-
27
4
Insurance IT (Marshmallow)
(# Cos: 388 | $2.2B)
Insurance Policy Solutions (Tractable)
(# Cos: 218 | $1.1B)
RegTech (Our Kettle)
(# Cos: 36 | $443M)
Risk Management (Accelerant)
(# Cos: 27 | $442M)
Accelerant
(2018, Colchester, $343M)
Our Kettle
(2019, Hamilton, $29.7M)
Cytora
(2014, London, $41.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Accelerant (2018, Colchester)
$150M - Series A - Jun 2023
Intelligent AI (2020, Exeter)
$616K - Seed - Mar 2023
$2.4M - Seed - Dec 2022

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Internet First Retail Bank - United
Kingdom
19
27
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$146M (▼51.9%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
5
-
15
3
Banking Tech (Monzo)
(# Cos: 811 | $13.4B)
Internet First Banks (Starling Bank)
(# Cos: 186 | $7.4B)
Digital Native Banks (Revolut)
(# Cos: 40 | $6.7B)
Retail Banking (Tandem)
(# Cos: 15 | $1.2B)
Tandem
(2013, London, $309M)
Zopa
(2005, London, $882M)
Monument
(2010, London, $56.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zopa (2005, London)
$92.5M - Series H - Feb 2023
Monument (2010, London)
$25.6M - Series A - Jan 2023
$2.4M - Series A - Jul 2022
Tandem (2013, London)
$25.4M - Series C - Jun 2023

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Data Discovery and Visualization
Platforms - United Kingdom
20
28
Back to index
Business Intelligence (Matillion)
(# Cos: 523 | $1.5B)
Data Discovery and Visualization (Quantexa)
(# Cos: 220 | $632M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$145M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
16
$632M
38
1
220
10
Quantexa
(2016, London, $371M)
AVEVA
(1967, Cambridge)
Faculty
(2014, London, $56.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, London)
$129M - Series E - Apr 2023
Lightdash (2021, London)
$8.4M - Seed - Oct 2022
Slingshot Simulations (2019, Leeds)
$3.7M - Series A - Jan 2023
Interrodata (2018, Weybridge)
$2.8M - Seed - Jun 2023
Ocula Technologies (2021, London)
$789K - Seed - Nov 2022

29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
EV Charging Network Operators - United
Kingdom
21
29
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$138M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$279M
12
-
65
3
Energy Storage Tech (ev.energy)
(# Cos: 438 | $2.4B)
Charging (POD Point)
(# Cos: 243 | $602M)
Station Network (Tonik Energy)
(# Cos: 96 | $289M)
Charging (Elmtronics)
(# Cos: 88 | $282M)
Operators (Zap-Map)
(# Cos: 70 | $279M)
Electric Vehicle (InstaVolt)
(# Cos: 65 | $279M)
InstaVolt
(2016, Basingstoke, $62.6M)
Zap-Map
(2014, Bristol, $12.3M)
Elmtronics
(2013, Consett, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Be.EV (2019, Manchester)
$127M - Series D - Oct 2022
Zap-Map (2014, Bristol)
$10.9M - Series A - Aug 2022
EZ-Charge (2020, Bicester)
Undisclosed - Seed - Mar 2023

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Financial Regulatory Compliance -
United Kingdom
22
30
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$131M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$509M
23
1
56
8
GRC Software (Onfido)
(# Cos: 913 | $2.9B)
Compliance (OneTrust)
(# Cos: 575 | $2.4B)
Industry (Sumsub)
(# Cos: 95 | $598M)
Banking & Finance (Quantexa)
(# Cos: 56 | $509M)
Quantexa
(2016, London, $371M)
Sumsub
(2015, London, $7.5M)
PassFort Limited
(2015, London, $17.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, London)
$129M - Series E - Apr 2023
Nivo (2017, Wilmslow)
$1.2M - Series A - Dec 2022
Artisio (2020, London)
$308K - Seed - Feb 2023

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Sylvera (2020, London)
$57.0M - Series B - Jul 2023
Isometric (2022, London)
$25.0M - Seed - Jul 2023
Abatable (2021, London)
$13.5M - Series A - Apr 2023
Supercritical (2021, Sevenoaks)
$13.0M - Series A - Jun 2023
Pledge (2019, London)
$10.0M - Series A - May 2023
CUR8 (2022, Oxford)
$6.5M - Seed - May 2023
Thallo (2021, London)
$2.5M - Seed - Nov 2022
View all 10 Funding Rounds on Tracxn Platform
Carbon Credit Trading Platform - United
Kingdom
23
31
Back to index
Air Pollution Management Tech (Storegga
Geotechnologies)
(# Cos: 269 | $1.1B)
Carbon Management (Carbon Clean)
(# Cos: 178 | $730M)
Carbon Offset Trading Platforms
(BeZero Carbon)
(# Cos: 68 | $279M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$130M ( -- )
10( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$279M
27
-
68
2
BeZero Carbon
(2020, London, $77.2M)
Sylvera
(2020, London, $97.4M)
Abatable
(2021, London, $16.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Employee Benefits Software - United
Kingdom
24
32
Back to index
HRTech (Multiverse)
(# Cos: 3979 | $6.3B)
Employee Benefits (Wagestream)
(# Cos: 248 | $1.6B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$129M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
23
$1.6B
65
1
248
13
Wagestream
(2018, London, $123M)
Smart Pension
(2014, London, $519M)
SalaryFinance
(2015, London, $293M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Smart Pension (2014, London)
$95.0M - Series E - May 2023
Ben (2019, London)
$16.0M - Series A - Aug 2022
Fertifa (2019, London)
$6.3M - Seed - Jun 2023
Cognassist (2017, Hebburn)
$5.0M - Series A - Apr 2023
PocDoc (2017, Cambridge)
$3.1M - Seed - Mar 2023
ART (2018, Newcastle Upon Tyne)
$1.2M - Series A - Apr 2023
Talkout (2020, Birmingham)
$1.2M - Seed - Jan 2023
View all 10 Funding Rounds on Tracxn Platform

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Digital Art Online - United Kingdom
25
33
Back to index
Art E-Commerce (Artfinder)
(# Cos: 166 | $167M)
Digital Art (Stability AI)
(# Cos: 25 | $126M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$126M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$126M
1
-
25
1
Stability AI
(2021, London, $126M)
Limna
(2021, London)
Sedition
(2010, London)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Stability AI (2021, London)
$25.0M - Seed - Jun 2023
$101M - Seed - Oct 2022

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Lithium Ion Secondary Batteries - United
Kingdom
26
34
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$126M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$356M
8
1
28
2
Energy Storage Tech (InstaVolt)
(# Cos: 438 | $2.4B)
Battery (Brill Power)
(# Cos: 65 | $868M)
Secondary Battery (Britishvolt)
(# Cos: 36 | $476M)
Lithium Ion (Nyobolt)
(# Cos: 28 | $356M)
Nyobolt
(2020, London, $70.7M)
Britishvolt
(2019, London, $264M)
Anaphite
(2016, Bristol, $7.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Britishvolt (2019, London)
Undisclosed - Series C - Nov 2022
$121M - Series C - Jul 2022
Anaphite (2016, Bristol)
$4.8M - Seed - Aug 2022

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Improbable (2012, London)
$111M - Series D - Oct 2022
MetaGravity (2021, London)
$9.5M - Seed - Apr 2023
Gaming Engines - United Kingdom
27
35
Back to index
Gaming Tech (Anything World)
(# Cos: 351 | $1.3B)
Development (Speech Graphics)
(# Cos: 80 | $1.2B)
Game Engines (Improbable)
(# Cos: 42 | $1.1B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$121M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.1B
13
-
42
1
Improbable
(2012, London, $1.1B)
PlayCanvas
(2011, London, $503K)
Unit 2 Games
(2017, Leamington Spa, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapy - United Kingdom
28
36
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$120M (▼37.9%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.8B
41
7
52
9
Genomics (Nanopore)
(# Cos: 522 | $5.8B)
Applied Genomics (Evonetix)
(# Cos: 302 | $3.3B)
Clinical Genomics (Mogrify)
(# Cos: 138 | $3.0B)
Therapeutics (Silence Therapeutics)
(# Cos: 52 | $1.8B)
Silence Therapeutics
(1999, London)
Mogrify
(2016, Cambridge, $37.8M)
Storm Therapeutics
(2015, Cambridge, $98.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nucleome Therape.. (2019, Headington)
$42.2M - Series A - Oct 2022
Ochre Bio (2019, Oxford)
$30.0M - Series A - Oct 2022
Storm Therapeutics (2015, Cambridge)
$30.0M - Series B - Dec 2022
Eleven (2020, Cambridge)
$18.0M - Seed - Aug 2022

37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Building Energy Management System -
United Kingdom
29
37
Back to index
Property Management Tech (Goodlord)
(# Cos: 614 | $849M)
Building Energy Management (Infogrid)
(# Cos: 147 | $251M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$110M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$251M
37
-
147
5
Infogrid
(2018, London, $107M)
myenergi
(2016, Market Rasen)
Voltaware
(2014, London, $3.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Infogrid (2018, London)
$90.0M - Series B - Apr 2023
Kadence (2021, London)
$10.1M - Seed - Oct 2022
Kterio (2020, Warrington)
$10.0M - Series A - Aug 2022

38. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Alternative Credit Card - United
Kingdom
30
38
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$106M (▼45.4%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$609M
8
-
15
4
Payments (SumUp)
(# Cos: 1484 | $13.4B)
Consumer Payments (TreeCard)
(# Cos: 372 | $1.6B)
Payment Cards (Curve)
(# Cos: 181 | $1.4B)
Credit Cards (Capital On Tap)
(# Cos: 25 | $629M)
General Purpose (Zilch)
(# Cos: 15 | $609M)
Zilch
(2018, London, $407M)
Yonder
(2020, London, $43.0M)
Jaja
(2016, London, $60.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Jaja (2016, London)
$48.7M - Series D - Aug 2022
Tymit (2017, London)
$26.2M - Series A - Oct 2022
Yonder (2020, London)
$15.6M - Series A - Apr 2023
KEEBO (2019, London)
$15.0M - Series A - Oct 2022

39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
EO Charging (2014, London)
$80.0M - Series B - Feb 2023
Indra (2011, Malvern)
$23.9M - Series B - Mar 2023
Plug In Electric Vehicle Chargers - United
Kingdom
31
39
Back to index
Electric Vehicles (ev.energy)
(# Cos: 910 | $2.5B)
Charging Solutions (InstaVolt)
(# Cos: 202 | $614M)
Plug in Charging (POD Point)
(# Cos: 91 | $289M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$104M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$289M
18
-
91
2
POD Point
(2009, London, $58.4M)
myenergi
(2016, Market Rasen)
EO Charging
(2014, London, $101M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Data Security - United Kingdom
32
40
Back to index
Cybersecurity (Sophos)
(# Cos: 1603 | $5.5B)
Data Security (Element)
(# Cos: 462 | $1.7B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$97.3M ( -- )
7( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$1.7B
103
5
462
24
Element
(2016, London, $48.0M)
OneTrust
(2016, London, $981M)
Privitar
(2015, London, $174M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016, London)
$50.0M - Series C - Mar 2023
Metomic (2018, London)
$20.0M - Series A - Feb 2023
Worldr (2019, London)
$11.0M - Seed - Nov 2022
Hazy (2017, London)
Undisclosed - Series A - May 2023
$9.0M - Series A - Mar 2023
Mailchain (2019, London)
$4.6M - Seed - Sep 2022
Devyce (2020, London)
$2.7M - Seed - Feb 2023

41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Physical Identity Access Management -
United Kingdom
33
41
Back to index
Security & Surveillance Technology (G4S)
(# Cos: 932 | $1.3B)
PIAM (Keyless)
(# Cos: 225 | $355M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$97.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
21
$355M
71
2
225
11
Keyless
(2019, London, $12.6M)
Veridium
(2013, London, $16.5M)
B-Secur
(2014, Belfast, $16.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GSS (2021, London)
$45.0M - Series C - Jan 2023
MPCH Labs (2022, London)
$40.0M - Series A - Sep 2022
VoxSmart (2006, London)
$12.0M - Series C - Apr 2023

42. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Active Noise Cancellation Earbuds -
United Kingdom
34
42
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$96.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$250M
1
-
2
1
Audio Tech (Audiotelligence)
(# Cos: 40 | $353M)
Innovative Audio Devices (MOBILUS Labs)
(# Cos: 23 | $261M)
Active Noise Cancellation (Kokoon
Technology)
(# Cos: 7 | $261M)
Earbuds (Nothing)
(# Cos: 2 | $250M)
Nothing
(2020, London, $250M)
Blissful Silence
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nothing (2020, London)
$96.8M - Series C - Jun 2023

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Perspectum (2012, Oxford)
$55.0M - Series C - Jan 2023
Caristo (2017, Oxford)
$16.3M - Series A - Apr 2023
Optellum (2015, Oxford)
$14.0M - Series A - Sep 2022
Dxcover (2016, Glasgow)
$9.2M - Series A - Feb 2023
Digistain (2016, London)
$1.0M - Seed - Aug 2022
Radiological Image Analysis Software -
United Kingdom
35
43
Back to index
Clinical Labs IT (Encord)
(# Cos: 151 | $538M)
Radiology (Perspectum)
(# Cos: 81 | $268M)
Image Analysis (Kheiron Medical
Technologies)
(# Cos: 66 | $268M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$95.5M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$268M
29
2
66
5
Kheiron Medical Techno..
(2016, London, $27.9M)
Perspectum
(2012, Oxford, $121M)
IXICO
(2004, London)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Risk Management Software - United
Kingdom
36
44
Back to index
GRC Software (Quantexa)
(# Cos: 913 | $2.9B)
Risk Management (Featurespace)
(# Cos: 202 | $417M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$95.3M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$417M
58
2
202
8
Featurespace
(2008, Cambridge, $111M)
Coincover
(2018, Cardiff, $41.6M)
GBG
(1989, Chester)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Coincover (2018, Cardiff)
$30.0M - Series B - Feb 2023
Risilience (2021, Cambridge)
$26.0M - Series B - Feb 2023
Datamaran (2014, London)
$13.3M - Series B - Sep 2022
OutThink (2015, London)
$10.6M - Seed - Feb 2023
$10.0M - Seed - Oct 2022
Themis (2018, Guildford)
$3.8M - Seed - Jan 2023
RiskSmart (2022, Manchester)
$1.2M - Seed - Aug 2022
View all 9 Funding Rounds on Tracxn Platform

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Robo Advisors for Retirement Planning -
United Kingdom
37
45
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$95.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$370M
1
-
1
1
Investment Tech (IHS Markit)
(# Cos: 3864 | $9.5B)
Wealth Management Platforms (Wagestream)
(# Cos: 462 | $2.0B)
Robo Advisors (Nutmeg)
(# Cos: 35 | $621M)
Employer Enabled (Smart)
(# Cos: 1 | $370M)
Smart
(2014, Eastbourne, $370M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Smart (2014, Eastbourne)
$95.0M - Series E - May 2023

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Text to Video - United Kingdom
38
46
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$93.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$160M
4
-
7
1
Video Creation Tools (VEED)
(# Cos: 97 | $299M)
Video Editors (Metaphysic)
(# Cos: 69 | $286M)
Specialized Video Editor (V-Nova)
(# Cos: 28 | $248M)
Text to Video Editor (Synthesia)
(# Cos: 7 | $160M)
Synthesia
(2017, London, $157M)
Immersive Fox
(2021, London, $3.6M)
Yepic
(2019, London)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Synthesia (2017, London)
$90.0M - Series C - Jun 2023
Immersive Fox (2021, London)
$3.6M - Seed - Jul 2023

47. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Internet First Consumer Loans - United
Kingdom
39
47
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$92.5M (▼69.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$882M
5
1
19
1
Alternative Lending (Clear Score)
(# Cos: 1114 | $10.7B)
Online Lenders (Funding Circle)
(# Cos: 786 | $9.7B)
Consumer Loans (SalaryFinance)
(# Cos: 389 | $4.2B)
Diversified (Amigo Loans)
(# Cos: 53 | $884M)
Direct Lender (Zopa)
(# Cos: 19 | $882M)
Zopa
(2005, London, $882M)
Amigo Loans
(2005, Bournemouth)
Oplo
(2009, Blackpool)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zopa (2005, London)
$92.5M - Series H - Feb 2023

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Electric Truck Manufacturers - United
Kingdom
40
48
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$89.7M (▼78.3%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$551M
4
-
5
3
Electric Vehicles (InstaVolt)
(# Cos: 910 | $2.5B)
Automaker (Volta Trucks)
(# Cos: 305 | $816M)
Commercial Vehicles (Arrival)
(# Cos: 32 | $725M)
Trucks (Tevva)
(# Cos: 5 | $551M)
Tevva
(2013, Chelmsford, $143M)
Volta Trucks
(2019, London, $374M)
HV Systems
(2017, Glasgow, $34.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volta Trucks (2019, London)
$62.3M - Series C - Nov 2022
HV Systems (2017, Glasgow)
$27.3M - Series A - Sep 2022
Lunaz (2020, Towcester)
Undisclosed - Seed - Aug 2022

49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Risk Management Solutions - United
Kingdom
41
49
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$88.3M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$201M
22
-
75
7
RegTech (Quantexa)
(# Cos: 628 | $4.5B)
Risk Management (OpenGamma)
(# Cos: 167 | $2.0B)
Risk Type (OakNorth)
(# Cos: 154 | $2.0B)
Diversified (Nivo)
(# Cos: 75 | $201M)
Nivo
(2017, Wilmslow, $3.8M)
Access Fintech
(2016, London, $97.5M)
FNA
(2013, London, $5.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Access Fintech (2016, London)
$60.0M - Series C - Sep 2022
Acin (2010, London)
$24.0M - Series B - Dec 2022
Intelligent AI (2020, Exeter)
$616K - Seed - Mar 2023
$2.4M - Seed - Dec 2022
Nivo (2017, Wilmslow)
$1.2M - Series A - Dec 2022

50. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Superconducting Quantum Computer -
United Kingdom
42
50
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$87.9M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$173M
3
-
3
2
Quantum Computing (Riverlane)
(# Cos: 53 | $428M)
Quantum Hardware (ORCA)
(# Cos: 14 | $219M)
Computers (Oxford Ionics)
(# Cos: 5 | $178M)
Universal Quantum (Universal Quantum)
(# Cos: 4 | $178M)
Superconducting Qubit (Quantum
Circuits Limited)
(# Cos: 3 | $173M)
Quantum Circuits Limited
(2007, Oxford, $50.2M)
Oxford Ionics
(2019, Harrogate, $48.4M)
Quantum Motion
(2017, Oxford, $74.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantum Motion (2017, Oxford)
$50.5M - Series B - Feb 2023
Oxford Ionics (2019, Harrogate)
$36.3M - Series A - Jan 2023
Quantum Circuits Lim.. (2007, Oxford)
$1.1M - Series A - Feb 2023

51. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Non-Invasive CGM Devices - United
Kingdom
43
51
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$86.6M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$86.7M
6
-
12
0
Diabetes (Thriva)
(# Cos: 64 | $215M)
Medical Devices (ConvaTec Group)
(# Cos: 43 | $157M)
Monitoring Devices (Transdermal Diagnostics)
(# Cos: 31 | $95.9M)
CGM (Nemaura Medical)
(# Cos: 16 | $89.7M)
Non-Invasive (Span Health)
(# Cos: 12 | $86.7M)
Span Health
(2018, London)
Transdermal Diagnostics
(2021, Bath, $920K)
Osler Diagnostics
(2017, Oxford, $85.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Osler Diagnostics (2017, Oxford)
$85.0M - Series C - Nov 2022
Transdermal Diagnostics (2021, Bath)
$920K - Seed - Sep 2022
Afon Technology (2015, Chepstow)
$709K - Seed - Nov 2022

52. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Complement Therapeut.. (2020,
London)
$79.1M - Series A - Apr 2023
Retinal Disorder Drugs - United Kingdom
44
52
Back to index
Ophthalmology (Rayner)
(# Cos: 65 | $647M)
Drugs (Gyroscope)
(# Cos: 20 | $562M)
Retinal Disorders (Complement
Therapeutics)
(# Cos: 6 | $153M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$79.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$153M
3
-
6
1
Complement Therapeutics
(2020, London, $84.8M)
EyeBio
(2021, London, $65.0M)
Novai
(2019, London, $3.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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