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1. TRACXN TOP BUSINESS MODELS REPORT
March 18, 2022
UK & IRELAND TECH

2. UK & Ireland Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
UK & IrelandUK & Ireland Tech Funding
Overview
3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. UK & Ireland Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Funding in last 1 year
3
Banking Tech $3.8B
Payments $3.2B
Investment Tech $2.6B
Alternative Lending $2.4B
Online Grocery $2.3B
HRTech $1.6B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
SFC Capital
Seedcamp
38
17
16
Early
Stage
Octopus Ventures
Business Growth Fund
Mercia
25
23
16
Late
Stage
SoftBank Vision Fund
Octopus Ventures
Accel
15
10
8
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
FNZ
(2003, )
$1.4B - PE
Checkout
(2012, )
$1.0B - Series D
Revolut
(2015, )
$800M - Series E
Getir
(2018, )
$768M - Series E
Celsius Network
(2017, )
$750M - Series B
Cazoo
(2018, )
$630M - Series E
CMR Surgical
(2014, )
$600M - Series D
Getir
(2018, )
$555M - Series D
OneWeb
(2012, )
$550M - Series F
OneWeb
(2012, )
$500M - Series F
Jobandtalent
(2009, )
$500M - Series E
Monzo
(2015, )
$475M - Series H
London (71%)
Cambridge (5%)
Edinburgh (4%)
Dublin (2%)
Oxford (2%)
Others (15%)

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲2 Digital Native Banks $1.8B 10 Revolut | $800M | Series E Link
2▲10 Satellite Communication Services $1.4B 3 OneWeb | $550M | Series F Link
3▲4 Business Payments Solutions $1.2B 11 Checkout | $1.0B | Series D Link
4▲7 Online Used Cars Dealers $779M 2 Cazoo | $630M | Series E Link
5▲144 Crypto Based Personal Loans $750M 3 Celsius Network | $750M | Series B Link
6▲86 Internet First Business Loans Marketplace $744M 3 MarketFinance | $383M | Series C Link
7-- Surgical Robots $600M 1 CMR Surgical | $600M | Series D Link
8▲11 On Demand Staffing Platform $500M 1 Jobandtalent | $500M | Series E Link
9▼4 Virtual Events $452M 3 Hopin | $450M | Series D Link
10▲27 Open Banking API Providers $425M 12 TrueLayer | $130M | 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 © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Corporate Travel & Expense Cards $418M 6 Soldo | $180M | Series C Link
12▲5 Payment Card Issuer Processors $407M 2 Global Proces.. | $400M | Series D Link
13▲19 Open Banking APIs for Payments $388M 11 TrueLayer | $130M | Series E Link
14▲221 P2P Wallet Remittance $357M 3 Zepz | $292M | Series E Link
15▲31 Internet First Pet Insurers $350M 1 Bought By Many | $350M | Series D Link
16▲41 Online Meal Kits Delivery $346M 5 Gousto | $230M | Series F Link
17▼9 Drugs for Multiple Cancer Types $335M 17 Exscientia | $225M | Series D Link
18▲763 Retail Banking $331M 2 Zopa | $303M | Series H Link
19▲17 Gene Therapy Drugs $307M 8 Gyroscope | $148M | Series C Link
20▲172 Electric Truck Manufacturers $304M 4 Volta Trucks | $260M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▼12 Security Testing $300M 2 Snyk | $300M | Series F Link
24-- Internet First P2P Personal Loans $278M 3 Lendable | $276M | Series B Link
25▲193 Blockchain Networks $278M 12 1inch | $175M | Series B Link
26▼2 Nano Based DNA Sequencing $271M 1 Nanopore | $271M | Series H Link
27▲43 Low Code Development Platforms $266M 6 Genesis | $200M | Series C Link
28-- Financial Fraud $260M 2 Feedzai | $200M | Series D Link
29-- Banking Software Suite $257M 3 10x | $187M | Series C Link
30▲76 Core Banking Platforms $254M 2 Thought Machine | $200M | Series C Link
31▼4 Cheminformatics Software $251M 2 Exscientia | $225M | Series D Link
32-- Hemodialyzers $245M 1 Quanta | $245M | 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 © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
33▲55 Consumer Insights $240M 3 GWI | $180M | Series B Link
34▲56 Autonomous Cars $238M 5 Wayve | $200M | Series B Link
35▼20 Data Privacy $237M 7 OneTrust | $210M | Series C Link
36--
Financial Planners and Advisors for Retirement
Planning
$230M 2 Smart | $229M | Series D Link
37-- Pension Management $229M 1 Smart Pension | $229M | Series D Link
38▼5 Credit Card Based Point of Sale Financing $220M 2 Zilch | $110M | Series B Link
39▼25 Data Privacy Management Platforms $216M 4 OneTrust | $210M | Series C Link
40-- Payment Fraud Monitoring Solutions $204M 2 Feedzai | $200M | Series D Link
41▲78 Ophthalmology Drugs $201M 7 Gyroscope | $148M | Series C Link
44▲340 Mobile Casual Game Developers $194M 4 Tripledot | $116M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
45▲39 Private Company Investing Platforms $190M 1 PrimaryBid | $190M | Series C Link
46▲574 Corporate Travel Expense Management $183M 3 Soldo | $180M | Series C Link
47-- Internet First Corporate Prepaid Expense Cards $180M 1 Soldo | $180M | Series C Link
48▼26 Anti Money Laundering Software $177M 5 Quantexa | $154M | Series D Link
49▼20 Life Sciences Research Services $169M 13 Owlstone Med.. | $59.0M | Series D Link
50-- Plastic Waste Recyclers $168M 1 Plastic Energy | $168M | Series A Link
51▲121 Retail Stores Software Suite $165M 4 Peak | $75.0M | Series C Link
52▼1 Merchant Banking $160M 2 Form3 | $160M | Series C Link
53▲175 Hotel Revenue Management Software $159M 2 OTA Insight | $80.0M | Series B Link
54▼2 White label Telehealth Platform $154M 2 LetsGetChecked | $150M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Digital Native Banks - UK & Ireland
01
9
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$1.8B (▲119%)
10(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.2B
7
-
12
5
Banking Tech (Onfido)
(# Cos: 724 | $12.2B)
Internet First Banks (Starling Bank)
(# Cos: 169 | $6.9B)
Digital Native Banks (Monzo)
(# Cos: 30 | $6.4B)
Diversified (Revolut)
(# Cos: 12 | $5.2B)
Revolut
(2015, $2.1B)
Monzo
(2015, $1.2B)
Starling Bank
(2014, $892M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Revolut (2015)
$800M - Series E - Jul 2021
Monzo (2015)
$475M - Series H - Dec 2021
Allica Bank (2017)
$147M - Series B - Nov 2021
Atom Bank (2014)
$102M - Series E - Feb 2022
Starling Bank (2014)
$69.2M - Series D - Apr 2021
Atom Bank (2014)
$55.0M - Series D - Apr 2021
Starling Bank (2014)
$48.9M - Series D - Jun 2021
View all 10 Funding Rounds on Tracxn Platform

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OneWeb (2012)
$550M - Series F - Apr 2021
OneWeb (2012)
$500M - Series F - Jun 2021
OneWeb (2012)
$300M - Series F - Aug 2021
Satellite Communication Services - UK &
Ireland
02
10
Back to index
NewSpace (Oxford Space Systems)
(# Cos: 108 | $5.3B)
Space Services (Inmarsat)
(# Cos: 37 | $4.9B)
Communication (OneWeb)
(# Cos: 14 | $4.9B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$1.4B (▲200%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$4.9B
8
2
14
0
OneWeb
(2012, $4.8B)
Inmarsat Wireless Innovation
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Checkout (2012)
$1.0B - Series D - Jan 2022
DNA Payments (2018)
$141M - Series D - Jun 2021
Pomelo Pay (2017)
$10.0M - Series A - Nov 2021
Nomod (2019)
$3.4M - Seed - Nov 2021
SimplyPayMe (2012)
$3.3M - Seed - Mar 2022
KodyPay (2018)
$3.3M - Seed - Jun 2021
DigiDoe (2019)
$1.2M - Seed - Jan 2022
View all 11 Funding Rounds on Tracxn Platform
Business Payments Solutions - UK &
Ireland
03
11
Back to index
Payments (TrueLayer)
(# Cos: 1269 | $8.9B)
Business Payments (Ebury)
(# Cos: 743 | $4.3B)
Diversified (Checkout)
(# Cos: 135 | $2.0B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$1.2B (▲88.5%)
11(▲83.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$2.0B
29
-
135
6
Checkout
(2012, $1.8B)
Paymentsense Nomod
(2019, $3.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Online Used Cars Dealers - UK & Ireland
04
12
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$779M (▲70%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
3
-
15
2
Auto E-Commerce & Content (Zego)
(# Cos: 850 | $3.8B)
Second Hand Vehicles (Motorway)
(# Cos: 221 | $3.1B)
Cars (Carwow)
(# Cos: 187 | $3.1B)
Online Dealer (Cazoo)
(# Cos: 15 | $1.3B)
Cazoo
(2018, $1.2B)
Carzam
(2020, $149M)
CarSpring
(2015, $3.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cazoo (2018)
$630M - Series E - Feb 2022
Carzam (2020)
$149M - Series A - Nov 2021

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Crypto Based Personal Loans - UK &
Ireland
05
13
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$750M (▲2398%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$818M
5
-
15
3
Cryptocurrencies (Luno)
(# Cos: 1951 | $2.1B)
Financial Services (Uphold)
(# Cos: 1310 | $1.8B)
Lending (Euler)
(# Cos: 19 | $818M)
Consumer Loans (Aave)
(# Cos: 15 | $818M)
Personal Loans (Celsius Network)
(# Cos: 15 | $818M)
Celsius Network
(2017, $780M)
Aave
(2017, $29.5M)
Euler
(2020, $8.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Celsius Network (2017)
$750M - Series B - Oct 2021
Euler (2020)
$8.0M - Series A - Aug 2021
Timeswap (2020)
Undisclosed - Seed - Oct 2021

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First Business Loans
Marketplace - UK & Ireland
06
14
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$744M (▲1380%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$862M
9
-
45
5
Alternative Lending (Clear Score)
(# Cos: 1082 | $9.2B)
Online Lenders (Zilch)
(# Cos: 766 | $8.5B)
Business Loans (Iwoca)
(# Cos: 254 | $4.2B)
Diversified (MarketFinance)
(# Cos: 65 | $862M)
Marketplace (ThinCats)
(# Cos: 45 | $862M)
ThinCats
(2010, $361M)
MarketFinance
(2011, $418M)
FUNDING XCHANGE
(2014, $12.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MarketFinance (2011)
$383M - Series C - Sep 2021
ThinCats (2010)
$226M - Series D - Jun 2021
ThinCats (2010)
$135M - Series D - Feb 2022

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
CMR Surgical (2014)
$600M - Series D - Jun 2021
Surgical Robots - UK & Ireland
07
15
Back to index
Professional Service Robots (Rovco)
(# Cos: 106 | $1.2B)
Healthcare (Automata)
(# Cos: 14 | $1.1B)
Surgery (CMR Surgical)
(# Cos: 6 | $1.0B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$600M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.0B
4
-
6
1
CMR Surgical
(2014, $1.0B)
Freehand Surgeon
(1996, $1.2M)
Araknes
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
On Demand Staffing Platform - UK &
Ireland
08
16
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$500M (▲114%)
1(▼80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$911M
4
-
16
2
HRTech (Sage Group)
(# Cos: 3766 | $4.8B)
Contract Workforce Recruitment (Zen Educate)
(# Cos: 66 | $983M)
On Demand Staffing Platform (Tempo)
(# Cos: 29 | $926M)
Industry Specific (Rota)
(# Cos: 27 | $926M)
Multi Industry (Jobandtalent)
(# Cos: 16 | $911M)
Jobandtalent
(2009, $900M)
Tempo
(2017, $10.1M)
RedWigWam
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Jobandtalent (2009)
$500M - Series E - Dec 2021

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Virtual Events - UK & Ireland
09
17
Back to index
Events Tech (Lumi Global)
(# Cos: 613 | $1.3B)
Online Events (Hopin)
(# Cos: 55 | $1.1B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$452M (▼32.3%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
7
-
55
2
Hopin
(2019, $1.1B)
CogX
(2015, $1.1M)
HeySummit
(2018, $1.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hopin (2019)
$450M - Series D - Aug 2021
Tevent Labs (2020)
$2.0M - Seed - Mar 2022
Hopin (2019)
Undisclosed - Series C - Jun 2021

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
TrueLayer (2016)
$130M - Series E - Sep 2021
TrueLayer (2016)
$70.0M - Series D - Apr 2021
Railsbank (2015)
$70.0M - Series C - Jul 2021
Yapily (2017)
$51.0M - Series B - Jul 2021
Weavr (2018)
$40.2M - Series A - Feb 2022
Omnio (2018)
$35.7M - Series C - Mar 2021
Toqio (2019)
$9.4M - Seed - Jul 2021
View all 12 Funding Rounds on Tracxn Platform
Open Banking API Providers - UK &
Ireland
10
18
Back to index
Banking Tech (Revolut)
(# Cos: 724 | $12.2B)
Open Banking (Railsbank)
(# Cos: 99 | $1.1B)
Banking APIs (TrueLayer)
(# Cos: 49 | $928M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$425M (▲277%)
12(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$928M
21
-
49
11
TrueLayer
(2016, $273M)
Railsbank
(2015, $125M)
Yapily
(2017, $70.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Corporate Travel & Expense Cards - UK
& Ireland
11
19
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$418M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$502M
5
-
12
2
Finance & Accounting Tech (FreeAgent)
(# Cos: 1247 | $2.3B)
Accounting Solutions (Sage Group)
(# Cos: 780 | $1.6B)
Procure to Pay (Proactis)
(# Cos: 117 | $621M)
Travel & Expense (Payhawk)
(# Cos: 55 | $504M)
Card Solutions (Soldo)
(# Cos: 12 | $502M)
Soldo
(2014, $258M)
Payhawk
(2018, $239M)
Caxton FX
(2002, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Soldo (2014)
$180M - Series C - Jul 2021
Payhawk (2018)
$115M - Series B - Nov 2021
Payhawk (2018)
$100M - Series B - Mar 2022
Payhawk (2018)
$20.0M - Series A - Apr 2021
Caxton FX (2002)
$2.0M - Seed - Nov 2021
Expend (2015)
$713K - Seed - May 2021

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Global Processing Services (2007)
$400M - Series D - Oct 2021
Monavate (2019)
$6.9M - Seed - Mar 2021
Payment Card Issuer Processors - UK &
Ireland
12
20
Back to index
Payments (Checkout)
(# Cos: 1269 | $8.9B)
Enablers (TrueLayer)
(# Cos: 214 | $3.0B)
Issuer Processor (PPRO)
(# Cos: 24 | $878M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$407M (▲27.2%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$878M
11
1
24
3
PPRO
(2006, $370M)
Worldpay
(1993, $18.0M)
Global Processing Serv..
(2007, $461M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
TrueLayer (2016)
$130M - Series E - Sep 2021
TrueLayer (2016)
$70.0M - Series D - Apr 2021
Yapily (2017)
$51.0M - Series B - Jul 2021
Primer (2020)
$50.0M - Series B - Oct 2021
Weavr (2018)
$40.2M - Series A - Feb 2022
Banked (2018)
$20.0M - Series A - Feb 2022
Moneyhub Enterprise (2011)
$18.0M - Angel - Jul 2021
View all 11 Funding Rounds on Tracxn Platform
Open Banking APIs for Payments - UK &
Ireland
13
21
Back to index
Payments (Checkout)
(# Cos: 1269 | $8.9B)
Enablers (Featurespace)
(# Cos: 214 | $3.0B)
Open Banking APIs (TrueLayer)
(# Cos: 42 | $701M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$388M (▲200%)
11(▲10%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$701M
21
-
42
11
TrueLayer
(2016, $273M)
Yapily
(2017, $70.8M)
Modulr Finance
(2015, $79.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
P2P Wallet Remittance - UK & Ireland
14
22
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$357M (▲2573%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$433M
11
-
63
4
Remittance (CurrencyFair)
(# Cos: 514 | $2.6B)
Internet First Platforms (Wise)
(# Cos: 422 | $2.4B)
P2P Remittance (Azimo)
(# Cos: 265 | $1.0B)
Wallet Transfer (Taptap Send)
(# Cos: 63 | $433M)
Taptap Send
(2017, $80.0M)
Skrill Zepz
(2010, $292M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zepz (2010)
$292M - Series E - Aug 2021
Taptap Send (2017)
$65.0M - Series B - Dec 2021
Taptap Send (2017)
Undisclosed - Series A - Jun 2021

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First Pet Insurers - UK & Ireland
15
23
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$350M (▲259%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$522M
2
-
9
1
Internet First Insurance Platforms (Marshmallow)
(# Cos: 462 | $3.1B)
Internet First Insurers (HomeTree)
(# Cos: 179 | $2.0B)
P&C (Zego)
(# Cos: 156 | $1.7B)
Pet (Bought By Many)
(# Cos: 9 | $522M)
Bought By Many
(2012, $522M)
Animal Friends Petinsure
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bought By Many (2012)
$350M - Series D - Jun 2021

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Online Meal Kits Delivery - UK & Ireland
16
24
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$346M (▲355%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$649M
18
-
49
2
Online Grocery (Deliveroo)
(# Cos: 1079 | $5.9B)
B2C Ecommerce (OLIO)
(# Cos: 960 | $5.8B)
Recipe Box (SimplyCook)
(# Cos: 57 | $649M)
Meals (Gousto)
(# Cos: 49 | $649M)
Gousto
(2012, $592M)
SimplyCook
(2012, $19.8M)
Mindful Chef
(2014, $11.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gousto (2012)
$230M - Series F - Feb 2022
Gousto (2012)
$100M - Series E - Jan 2022
Dishpatch (2020)
$14.1M - Series A - Jun 2021
Grubby (2019)
$1.1M - Seed - Jun 2021
The Cookaway (2018)
$979K - Seed - Apr 2021

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Exscientia (2012)
$225M - Series D - Apr 2021
Artios Pharma (2015)
$153M - Series C - Jul 2021
Iksuda Therapeutics (2012)
$47.0M - Series A - Jun 2021
Epsilogen (2016)
$41.1M - Series B - Mar 2022
Mestag Therapeutics (2020)
$34.0M - Seed - Aug 2021
ONK Therapeutics (2015)
$21.5M - Series A - Jan 2022
Leucid Bio (2014)
$15.9M - Series A - Oct 2021
View all 17 Funding Rounds on Tracxn Platform
Drugs for Multiple Cancer Types - UK &
Ireland
17
25
Back to index
Oncology (Abingdon Health)
(# Cos: 292 | $5.8B)
Drugs (Jazz Pharmaceuticals)
(# Cos: 182 | $5.1B)
Diversified (Exscientia)
(# Cos: 145 | $4.0B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$335M (▼40.6%)
17(▼15%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$4.0B
108
24
145
13
Exscientia
(2012, $429M)
Jazz Pharmaceuticals
(2003, $265M)
Achilles Therapeutics
(2016, $242M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Retail Banking - UK & Ireland
18
26
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$331M (▲ >10K%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
5
-
12
3
Banking Tech (Onfido)
(# Cos: 724 | $12.2B)
Internet First Banks (Monzo)
(# Cos: 169 | $6.9B)
Digital Native Banks (Revolut)
(# Cos: 30 | $6.4B)
Retail Banking (Tandem)
(# Cos: 12 | $1.1B)
Tandem
(2013, $283M)
Zopa
(2005, $789M)
Monument
(2010, $56.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zopa (2005)
$303M - Series H - Oct 2021
Zopa (2005)
$27.7M - Series H - Mar 2021

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapy Drugs - UK & Ireland
19
27
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$307M (▲161%)
8(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.5B
35
8
47
5
Genomics (Nanopore)
(# Cos: 506 | $5.2B)
Applied Genomics (Oxford Immunotec)
(# Cos: 287 | $2.9B)
Clinical Genomics (Hologic)
(# Cos: 125 | $2.7B)
Therapeutics (Gyroscope)
(# Cos: 47 | $1.5B)
Gyroscope
(2016, $255M)
Silence Therapeutics Mogrify
(2016, $37.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gyroscope (2016)
$148M - Series C - Mar 2021
Microbiotica (2016)
$67.0M - Series B - Mar 2022
Gyroscope (2016)
$40.0M - Series C - Nov 2021
Mogrify (2016)
$17.0M - Series A - May 2021
MiNA Therapeutics (2008)
$15.0M - Series A - Jul 2021
Phico Therapeutics (2000)
$9.9M - Series A - May 2021
Ochre Bio (2019)
$9.6M - Seed - Jun 2021
View all 8 Funding Rounds on Tracxn Platform

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Electric Truck Manufacturers - UK &
Ireland
20
28
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$304M (▲1419%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$427M
3
-
4
3
Electric Vehicles (POD Point)
(# Cos: 822 | $1.6B)
Automaker (Riversimple)
(# Cos: 281 | $663M)
Commercial Vehicles (Arrival)
(# Cos: 31 | $563M)
Trucks (Tevva)
(# Cos: 4 | $427M)
Tevva
(2013, $90.0M)
Volta Trucks
(2019, $330M)
HV Systems
(2017, $6.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volta Trucks (2019)
$260M - Series C - Feb 2022
Tevva (2013)
$57.0M - Series B - Nov 2021
Volta Trucks (2019)
$43.7M - Series B - Sep 2021
HV Systems (2017)
$6.9M - Series A - Jul 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015)
$300M - Series F - Sep 2021
Veracode (2006)
Undisclosed - Series G - Mar 2022
Security Testing - UK & Ireland
21
29
Back to index
Software Testing Tools (Spirent)
(# Cos: 151 | $1.3B)
Testing Types (Veracode)
(# Cos: 58 | $1.2B)
Security Testing (Snyk)
(# Cos: 15 | $1.2B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$300M (▼40%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
6
-
15
1
Snyk
(2015, $1.1B)
Veracode
(2006, $107M)
Uleska
(2016, $414K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Personal Loans - UK &
Ireland
22
30
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$278M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$314M
4
-
14
1
Alternative Lending (Clear Score)
(# Cos: 1082 | $9.2B)
Online Lenders (SalaryFinance)
(# Cos: 766 | $8.5B)
Consumer Loans (Zilch)
(# Cos: 368 | $3.5B)
Personal Loans (Fintern)
(# Cos: 78 | $615M)
Marketplace (Lending Works)
(# Cos: 41 | $531M)
P2P (Lendable)
(# Cos: 14 | $314M)
Lendable
(2013, $289M)
Lending Works
(2012, $23.6M)
Plend
(2019, $969K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lendable (2013)
$276M - Series B - Mar 2022
Plend (2019)
$969K - Seed - Sep 2021
Lendable (2013)
$798K - Series A - Apr 2021

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - UK & Ireland
23
31
Back to index
Blockchain Infrastructure (Elliptic)
(# Cos: 155 | $688M)
Blockchain Network (1inch)
(# Cos: 49 | $467M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$278M (▲1593%)
12(▲71.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$467M
27
-
49
5
1inch
(2020, $190M)
Radix
(2013, $4.1M)
Aztec
(2018, $17.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
1inch (2020)
$175M - Series B - Dec 2021
5ire (2021)
$100M - Series A - Feb 2022
Qredo (2012)
$80.0M - Series A - Feb 2022
Aztec (2018)
$17.0M - Series A - Dec 2021
Qredo (2012)
$11.0M - Seed - May 2021
Adhara (2021)
$7.5M - Series A - May 2021
Gro (2020)
$7.1M - Seed - Mar 2021
View all 12 Funding Rounds on Tracxn Platform

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Nano Based DNA Sequencing - UK &
Ireland
24
32
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$271M (▲59%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
3
1
4
0
Nanotechnology (Evox Therapeutics)
(# Cos: 207 | $1.9B)
Nanotools (M Squared)
(# Cos: 37 | $1.4B)
Genomics (Silence Therapeutics)
(# Cos: 8 | $1.3B)
DNA Sequencing (Nanopore)
(# Cos: 4 | $1.3B)
Nanopore
(2005, $1.3B)
HelixNano
(2013, $120K)
Base4
(2006, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanopore (2005)
$271M - Series H - May 2021

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Genesis (2012)
$200M - Series C - Feb 2022
BRYTER (2018)
$66.0M - Series B - Apr 2021
Stacker (2017)
$20.0M - Series A - Aug 2021
CRANQ (2020)
$1.4M - Seed - Aug 2021
Hypi (2018)
$205K - Seed - Jan 2022
Noloco (2020)
$125K - Seed - Sep 2021
Low Code Development Platforms - UK
& Ireland
25
33
Back to index
Application Development Tools (Raycast)
(# Cos: 437 | $556M)
Code Development (BRYTER)
(# Cos: 178 | $404M)
Low Code Development Platforms
(Genesis)
(# Cos: 130 | $390M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$266M (▲331%)
6(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$390M
26
-
130
5
Genesis
(2012, $250M)
BRYTER
(2018, $90.0M)
Stacker
(2017, $23.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Feedzai (2009)
$200M - Series D - Mar 2021
Elliptic (2014)
$60.0M - Series C - Oct 2021
Financial Fraud - UK & Ireland
26
34
Back to index
Cybersecurity (Darktrace)
(# Cos: 1341 | $6.5B)
Anti Fraud (Elliptic)
(# Cos: 131 | $750M)
Financial Fraud (Featurespace)
(# Cos: 85 | $659M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$260M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$659M
23
-
85
10
Featurespace
(2008, $111M)
Elliptic
(2014, $104M)
Feedzai
(2009, $282M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - UK & Ireland
27
35
Back to index
Banking Tech (Revolut)
(# Cos: 724 | $12.2B)
Banking Software Suite (Finastra)
(# Cos: 59 | $375M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$257M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$375M
11
-
59
2
Finastra FintechOS
(2017, $86.0M)
10x
(2016, $286M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
10x (2016)
$187M - Series C - Jun 2021
FintechOS (2017)
$60.0M - Series B - Apr 2021
FintechOS (2017)
$10.0M - Series B - Aug 2021

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Core Banking Platforms - UK & Ireland
28
36
Back to index
Banking Tech (Revolut)
(# Cos: 724 | $12.2B)
Core Banking Platforms (Thought Machine)
(# Cos: 20 | $412M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$254M (▲505%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$412M
2
-
20
1
Thought Machine
(2014, $412M)
ICS Financial Systems Misys
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Thought Machine (2014)
$200M - Series C - Aug 2021
Thought Machine (2014)
$54.2M - Series C - Feb 2022

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Cheminformatics Software - UK &
Ireland
29
37
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$251M (▲56.9%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$564M
15
2
32
1
Life Sciences Tech (Dotmatics)
(# Cos: 452 | $2.1B)
Research & Development (BenevolentAI)
(# Cos: 351 | $2.0B)
Drug Discovery (Oxford Drug Design)
(# Cos: 97 | $871M)
Cheminformatics (Exscientia)
(# Cos: 32 | $564M)
Exscientia
(2012, $429M)
Oxford Drug Design
(2001, $7.3M)
PostEra
(2019, $26.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Exscientia (2012)
$225M - Series D - Apr 2021
PostEra (2019)
$26.1M - Series A - Jan 2022

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Hemodialyzers - UK & Ireland
30
38
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$245M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$363M
1
-
1
1
Nephrology (Mironid)
(# Cos: 8 | $383M)
Medical Devices (Kite Medical)
(# Cos: 7 | $376M)
Chronic Kidney Diseases (Oxyless)
(# Cos: 4 | $375M)
Renal Replacement (Peace and Quiet Care)
(# Cos: 4 | $375M)
Dialysis (Invizius)
(# Cos: 4 | $375M)
Hemodialysis (Quanta)
(# Cos: 1 | $363M)
Quanta
(2008, $363M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quanta (2008)
$245M - Series D - Jun 2021

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
GWI (2009)
$180M - Series B - Feb 2022
Attest (2015)
$60.0M - Series B - Oct 2021
Watching That (2016)
Undisclosed - Seed - Sep 2021
Consumer Insights - UK & Ireland
31
39
Back to index
MarketingTech (Brandwatch)
(# Cos: 2578 | $2.9B)
Marketing Research (Voxpopme)
(# Cos: 171 | $560M)
Consumer Insights (Streetbees)
(# Cos: 57 | $511M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$240M (▲359%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$511M
18
-
57
7
Streetbees
(2014, $72.7M)
Voxpopme
(2012, $28.0M)
Attest
(2015, $147M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Wayve (2017)
$200M - Series B - Jan 2022
Oxbotica (2014)
$13.8M - Series B - Apr 2021
Wayve (2017)
$13.6M - Series B - Oct 2021
Eatron (2017)
$11.0M - Series A - Nov 2021
Oxbotica (2014)
Undisclosed - Series B - Oct 2021
Autonomous Cars - UK & Ireland
32
40
Back to index
Autonomous Vehicles (Wayve)
(# Cos: 55 | $458M)
Self Driving Technology (FiveAI)
(# Cos: 20 | $432M)
Cars (Oxbotica)
(# Cos: 12 | $428M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$238M (▲371%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$428M
8
1
12
4
Oxbotica
(2014, $80.0M)
FiveAI
(2015, $77.0M)
Wayve
(2017, $258M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OneTrust (2016)
$210M - Series C - Apr 2021
Nym (2018)
$13.0M - Series A - Nov 2021
Nym (2018)
$6.5M - Series A - Jul 2021
Dataships (2018)
$3.1M - Seed - Sep 2021
QueryLayer (2019)
$2.3M - Seed - Dec 2021
ID ward (2019)
$1.2M - Seed - Feb 2022
Oblivious (2020)
$1.1M - Seed - Sep 2021
Data Privacy - UK & Ireland
33
41
Back to index
Cybersecurity (Darktrace)
(# Cos: 1341 | $6.5B)
Data Security (Blink)
(# Cos: 364 | $1.6B)
Data Privacy (OneTrust)
(# Cos: 51 | $1.1B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$237M (▼40.5%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
12
-
51
4
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Nym
(2018, $22.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Financial Planners and Advisors for Retirement
Planning - UK & Ireland
34
42
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$230M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$262M
5
1
17
1
Investment Tech (IHS Markit)
(# Cos: 3064 | $8.9B)
Wealth Management Platforms (Wagestream)
(# Cos: 413 | $1.5B)
Financial Planners and Advisors
(Moneyfarm)
(# Cos: 100 | $482M)
Retirement (Smart)
(# Cos: 17 | $262M)
Smart
(2014, $229M)
A J Bell
(1995, $32.0M)
My Pension Expert
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Smart (2014)
$229M - Series D - Jun 2021
Collegia (2019)
$707K - Seed - Jun 2021

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Pension Management - UK & Ireland
35
43
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$229M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$489M
2
-
4
2
HRTech (Sage Group)
(# Cos: 3766 | $4.8B)
Employee Benefits (Unmind)
(# Cos: 219 | $1.5B)
Financial Benefits (SalaryFinance)
(# Cos: 26 | $1.3B)
Pension Management (Smart
Pension)
(# Cos: 4 | $489M)
Smart Pension
(2014, $424M)
Smart Pension
(2014, $65.4M)
Now Pensions
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Smart Pension (2014)
$229M - Series D - Jun 2021

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Credit Card Based Point of Sale
Financing - UK & Ireland
36
44
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$220M (▲74.4%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$353M
2
-
2
2
Payments (Checkout)
(# Cos: 1269 | $8.9B)
Consumer Payments (Pockit)
(# Cos: 309 | $1.6B)
Payment Cards (Curve)
(# Cos: 163 | $1.3B)
Credit Cards (Capital On Tap)
(# Cos: 16 | $417M)
General Purpose (MBNA)
(# Cos: 9 | $417M)
Point of Sale Financing (Zilch)
(# Cos: 2 | $353M)
Zilch
(2018, $348M)
Tymit
(2017, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zilch (2018)
$110M - Series B - Jun 2021
Zilch (2018)
$110M - Series C - Sep 2021

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Data Privacy Management Platforms -
UK & Ireland
37
45
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$216M (▼46.2%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.1B
20
-
95
3
GRC Software (Featurespace)
(# Cos: 844 | $3.2B)
Compliance (Onfido)
(# Cos: 536 | $2.8B)
IT Compliance (Sysnet Global Solutions)
(# Cos: 114 | $1.4B)
Data Privacy (OneTrust)
(# Cos: 95 | $1.1B)
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Hazy
(2017, $2.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016)
$210M - Series C - Apr 2021
Dataships (2018)
$3.1M - Seed - Sep 2021
QueryLayer (2019)
$2.3M - Seed - Dec 2021
Oblivious (2020)
$1.1M - Seed - Sep 2021

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Payment Fraud Monitoring Solutions -
UK & Ireland
38
46
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$204M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$384M
10
-
41
6
Payments (Checkout)
(# Cos: 1269 | $8.9B)
Enablers (TrueLayer)
(# Cos: 214 | $3.0B)
Payment Security (Featurespace)
(# Cos: 69 | $563M)
Payment Fraud Detection
(Callsign)
(# Cos: 41 | $384M)
Callsign
(2011, $38.0M)
Feedzai
(2009, $282M)
Ravelin Technology
(2014, $37.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Feedzai (2009)
$200M - Series D - Mar 2021
Synalogik (2018)
$4.1M - Series A - Jan 2022

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Ophthalmology Drugs - UK & Ireland
39
47
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Ophthalmology (Rayner)
(# Cos: 66 | $495M)
Drugs (Gyroscope)
(# Cos: 20 | $415M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$201M (▲443%)
7(▲133%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$415M
15
2
20
3
Gyroscope
(2016, $255M)
Oxular
(2014, $57.5M)
Exonate
(2013, $4.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gyroscope (2016)
$148M - Series C - Mar 2021
EyeBio (2021)
$65.0M - Series A - Feb 2022
Gyroscope (2016)
$40.0M - Series C - Nov 2021
Transine Therapeutics (2020)
$12.9M - Seed - Jun 2021
Complement Therapeutics (2020)
$5.7M - Seed - Feb 2022
Novai (2019)
$2.7M - Seed - Oct 2021
Complement Therapeutics (2020)
Undisclosed - Seed - Jun 2021

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Mobile Casual Game Developers - UK &
Ireland
40
48
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$194M (▲3133%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$321M
54
2
532
4
Mobile Gaming (Space Ape Games)
(# Cos: 827 | $720M)
Game Developers (Tripledot)
(# Cos: 757 | $669M)
Casual (Codemasters)
(# Cos: 625 | $591M)
Multi Genre (Team17)
(# Cos: 532 | $321M)
Team17
(1990, $21.8M)
Tripledot
(2017, $205M)
Outplay Entertainment
(2010, $9.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tripledot (2017)
$116M - Series B - Feb 2022
Tripledot (2017)
$78.0M - Series A - Apr 2021
Playwind Games (2020)
$4.0M - Series A - Mar 2022
Midoki (2011)
Undisclosed - Seed - Jun 2021

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Private Company Investing Platforms -
UK & Ireland
41
49
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$190M (▲251%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$275M
4
-
21
2
Investment Tech (IHS Markit)
(# Cos: 3064 | $8.9B)
Alternative Investment Platforms (Seedrs)
(# Cos: 414 | $921M)
Private Companies (Funderbeam)
(# Cos: 137 | $285M)
Diversified (PrimaryBid)
(# Cos: 21 | $275M)
PrimaryBid
(2012, $254M)
Funderbeam
(2013, $21.1M)
HighCastle
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PrimaryBid (2012)
$190M - Series C - Jan 2022

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Soldo (2014)
$180M - Series C - Jul 2021
Caxton FX (2002)
$2.0M - Seed - Nov 2021
Expend (2015)
$713K - Seed - May 2021
Corporate Travel Expense Management
- UK & Ireland
42
50
Back to index
Online Travel (Trainline)
(# Cos: 1536 | $3.0B)
Corporate Travel (Click Travel)
(# Cos: 71 | $286M)
Expense Management (Soldo)
(# Cos: 46 | $264M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$183M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$264M
9
-
46
1
Soldo
(2014, $258M)
WebExpenses Caxton FX
(2002, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Prepaid Expense Cards -
UK & Ireland
43
51
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$180M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$260M
2
-
11
1
Payments (Checkout)
(# Cos: 1269 | $8.9B)
Consumer Payments (Curve)
(# Cos: 309 | $1.6B)
Payment Cards (Zilch)
(# Cos: 163 | $1.3B)
Prepaid Cards (Pockit)
(# Cos: 143 | $660M)
Corporate Cards (Givve)
(# Cos: 21 | $289M)
Expense card (Soldo)
(# Cos: 11 | $260M)
Soldo
(2014, $258M)
Expend
(2013, $2.1M)
Allstar
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Soldo (2014)
$180M - Series C - Jul 2021

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Anti Money Laundering Software - UK &
Ireland
44
52
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$177M (▲0.9%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$775M
17
-
40
7
GRC Software (Featurespace)
(# Cos: 844 | $3.2B)
Compliance (OneTrust)
(# Cos: 536 | $2.8B)
Industry (VoxSmart)
(# Cos: 103 | $1.0B)
Banking & Finance (Quantexa)
(# Cos: 61 | $856M)
AML & CTF (Onfido)
(# Cos: 40 | $775M)
Onfido
(2012, $242M)
Quantexa
(2016, $257M)
Fenergo
(2009, $181M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016)
$154M - Series D - Jul 2021
PassFort Limited (2015)
$11.3M - Series A - Sep 2021
Coinfirm (2016)
$8.0M - Series A - Sep 2021
Synalogik (2018)
$4.1M - Series A - Jan 2022
KnowYourCustomer (2015)
Undisclosed - Seed - Aug 2021

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Owlstone Medical (2004)
$59.0M - Series D - Sep 2021
Engitix (2016)
$54.0M - Series A - Jan 2022
Mogrify (2016)
$17.0M - Series A - May 2021
Rinri Therapeutics (2018)
$13.9M - Series A - Apr 2021
MIP Diagnostics (2015)
$9.8M - Series C - Feb 2022
Kastus (2014)
$6.7M - Series A - Jun 2021
Semarion (2018)
$2.9M - Seed - Feb 2022
View all 13 Funding Rounds on Tracxn Platform
Life Sciences Research Services - UK &
Ireland
45
53
Back to index
Life Sciences Platforms and Tools (Nanopore)
(# Cos: 749 | $4.7B)
Research Services (Horizon Discovery)
(# Cos: 363 | $1.7B)
Diversified (OXGENE)
(# Cos: 261 | $1.3B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$169M (▲17.2%)
13(▼13.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$1.3B
157
12
261
12
OXGENE
(2011, $26.3M)
Mogrify
(2016, $37.8M)
Evonetix
(2015, $42.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Plastic Waste Recyclers - UK & Ireland
46
54
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$168M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$168M
1
-
1
1
Solid Waste Management Tech (AMCS)
(# Cos: 117 | $449M)
Recycling (Recycleye)
(# Cos: 29 | $220M)
Tech Enabled Recyclers (Aeropowder)
(# Cos: 3 | $169M)
Plastic (Plastic Energy)
(# Cos: 1 | $168M)
Plastic Energy
(2017, $168M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Plastic Energy (2017)
$168M - Series A - Nov 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Retail Stores Software Suite - UK &
Ireland
47
55
Back to index
In Store Retail Tech (Streetbees)
(# Cos: 479 | $1.1B)
Suite (Yoobic)
(# Cos: 56 | $300M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$165M (▲596%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$300M
9
-
56
3
Yoobic
(2014, $97.2M)
Ometria
(2013, $75.0M)
Peak
(2014, $124M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Peak (2014)
$75.0M - Series C - Aug 2021
Yoobic (2014)
$50.0M - Series C - Jul 2021
Ometria (2013)
$40.0M - Series C - Nov 2021
OneStock (2010)
Undisclosed - Seed - Apr 2021

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Form3 (2016)
$160M - Series C - Sep 2021
Pollinate (2017)
Undisclosed - Series C - Feb 2022
Merchant Banking - UK & Ireland
48
56
Back to index
Banking Tech (Revolut)
(# Cos: 724 | $12.2B)
Payments (Pollinate)
(# Cos: 11 | $270M)
Merchant Banking (Form3)
(# Cos: 7 | $270M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$160M (▲81%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$270M
4
-
7
2
Form3
(2016, $220M)
Pollinate
(2017, $50.0M)
Monimove
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OTA Insight (2012)
$80.0M - Series B - Nov 2021
RateGain (2004)
$79.4M - Series B - Dec 2021
Hotel Revenue Management Software -
UK & Ireland
49
57
Back to index
Hotel IT (Mews)
(# Cos: 266 | $464M)
Pricing Engine (OTA Insight)
(# Cos: 14 | $251M)
Hotel (RateGain)
(# Cos: 14 | $251M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$159M (▲972%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$251M
6
1
14
1
RateGain
(2004, $144M)
OTA Insight
(2012, $103M)
HotelMize
(2015, $3.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
White label Telehealth Platform - UK &
Ireland
50
58
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$154M (▲77%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$287M
9
-
48
3
Healthcare IT (Birdie)
(# Cos: 2300 | $2.3B)
Provider (DeepMind)
(# Cos: 1663 | $1.3B)
Telemedicine Solutions (Oviva)
(# Cos: 130 | $426M)
Tele-health Platform
(LetsGetChecked)
(# Cos: 48 | $287M)
LetsGetChecked
(2014, $265M)
Signum Health
(2016, $2.0M)
eConsult
(2011, $16.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LetsGetChecked (2014)
$150M - Series D - Jun 2021
Tooth Fairy (2018)
$4.1M - Seed - Sep 2021

59. UK & Ireland Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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UK & Ireland Tech - Top Business Models Report
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