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1. TRACXN TOP BUSINESS MODELS REPORT
September 17, 2021
UK & IRELAND TECH

2. UK & Ireland Tech - Top Business Models Report Copyright © 2021, 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 © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Funding in last 1 year
3
Payments $3.3B
Banking Tech $2.8B
Cybersecurity $1.9B
NewSpace $1.8B
Alternative Lending $1.8B
Investment Tech $1.5B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Enterprise Ireland
SFC Capital
36
18
18
Early
Stage
Business Growth Fund
Mercia
Octopus Ventures
21
20
14
Late
Stage
BlackRock
Temasek
SoftBank Vision Fund
11
9
9
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
SumUp
(2012, )
$895M - Series D
Revolut
(2015, )
$800M - Series E
Crossbay
(2020, )
$734M - Series D
eToro
(2007, )
$650M - Series F
CMR Surgical
(2014, )
$600M - Series D
OneWeb
(2012, )
$550M - Series F
OneWeb
(2012, )
$500M - Series F
Checkout.com
(2012, )
$450M - Series C
Hopin
(2019, )
$450M - Series D
Hopin
(2019, )
$403M - Series C
OneWeb
(2012, )
$400M - Series E
Starling Bank
(2014, )
$376M - Series D
London (72%)
Oxford (5%)
Cambridge (4%)
Dublin (3%)
Manchester (2%)
Others (15%)

4. Copyright © 2021, 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▲70 Satellite Communication Services $1.8B 4 OneWeb | $550M | Series F Link
2▼1 Digital Native Banks $1.4B 8 Revolut | $800M | Series E Link
3▲71 Virtual Events $1.1B 5 Hopin | $450M | Series D Link
4-- POS Payment Terminals $895M 1 SumUp | $895M | Series D Link
5▲6 Drugs for Multiple Cancer Types $778M 21 Vaccitech | $168M | Series B Link
6-- Parcel Last Mile Delivery $740M 2 Crossbay | $734M | Series D Link
7▲1 Data Privacy $665M 6 OneTrust | $300M | Series C Link
8-- Social Trading Platforms $650M 1 eToro | $650M | Series F Link
9▲9 Business Payments Solutions $608M 9 Checkout.com | $450M | Series C Link
10▼3 Security Testing $600M 2 Snyk | $300M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, 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-- Surgical Robots $600M 1 CMR Surgical | $600M | Series D Link
12▼3 Data Privacy Management Platforms $512M 4 OneTrust | $300M | Series C Link
13▲8 Genomic Sequencing Instruments $396M 3 Nanopore | $271M | Series H Link
14▲8 Nucleic Acid Sequencing Equipment $396M 3 Nanopore | $271M | Series H Link
15▲18 Internet First Pet Insurers $350M 1 Bought By Many | $350M | Series D Link
16▲4 Online Used Cars Dealers $311M 1 Cazoo | $311M | Series D Link
17-- Patent Analytics & Management $300M 1 PatSnap | $300M | Series E Link
18▲94 Banking Software Suite $293M 5 10x | $187M | Series C Link
19▲200 P2P Wallet Remittance $292M 3 Zepz | $292M | Series E Link
20▲52 Payment Card Issuer Processors $285M 4 PPRO | $270M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, 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▲209 Internet First Business Loans Marketplace $276M 4 ThinCats | $226M | Series D Link
22-- Amazon Seller Acquirers $265M 2 Heroes | $200M | Series D Link
23-- Traditional Data Integration $250M 2 Matillion | $150M | Series E Link
24-- Hemodialyzers $245M 1 Quanta | $245M | Series D Link
25-- Online Retirement Planning Services $230M 2 Smart | $229M | Series D Link
26▲25 Pension Management $229M 1 Smart Pension | $229M | Series D Link
27▲12 On Demand Staffing Platform $227M 2 Jobandtalent | $119M | Series D Link
28▼15 Intelligent Processing Units $225M 2 Graphcore | $222M | Series E Link
29▲243 Credit Card Based Point of Sale Financing $220M 4 Zilch | $110M | Series B Link
30▲75 Banks $215M 3 Form3 | $160M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, 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
31▲666 Subscription based Online Flower Retailer $208M 4 Bloom & Wild | $102M | Series D Link
32▼17 Life Sciences Research Services $207M 24 Evox Therape.. | $96.0M | Series C Link
33▼19 Gene Therapy Drugs $202M 8 Gyroscope | $148M | Series C Link
34▲415 Corporate Travel & Expense Cards $201M 3 Soldo | $180M | Series C Link
35▲60 Financial Fraud Detection $200M 1 Feedzai | $200M | Series D Link
36-- Fraud Detection Solutions for Banks $200M 1 Feedzai | $200M | Series D Link
37▲464 Payment Fraud Monitoring Solutions $200M 1 Feedzai | $200M | Series D Link
38-- Financial Fraud $200M 1 Feedzai | $200M | Series D Link
39-- Ophthalmology Drugs $198M 3 Gyroscope | $148M | Series C Link
40▲39 Open Banking APIs for Payments $195M 9 TrueLayer | $70.0M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, 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
41▼25 Open Banking API Providers $195M 9 Railsbank | $70.0M | Series C Link
42▲404 Neurological Disorder Drugs $190M 6 Beckley Psyt.. | $80.0M | Series B Link
43▼41 Food Ordering Platforms $180M 1 Deliveroo | $180M | Series H Link
44-- Internet First Corporate Prepaid Expense Cards $180M 1 Soldo | $180M | Series C Link
45▲99 Salary Linked Loans $177M 2 SalaryFinance | $150M | Series D Link
46▼34 Anti Money Laundering Software $173M 4 Quantexa | $154M | Series D Link
47▼6 Neuro Psychiatric Disorder Drugs $171M 3 GH Research | $125M | Series B Link
48▲7 AML Solutions $154M 1 Quantexa | $154M | Series D Link
49▼46 Internet First Pay Per Mile Insurers $150M 2 Zego | $150M | Series C Link
50-- Ephemeral Messaging Apps $150M 1 Telegram | $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 © 2021, 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)
$400M - Series E - Jan 2021
OneWeb (2012)
$300M - Series F - Aug 2021
Satellite Communication Services - UK &
Ireland
01
9
Back to index
NewSpace (Isotropic Systems)
(# Cos: 104 | $5.2B)
Space Services (Inmarsat)
(# Cos: 38 | $4.9B)
Communication (OneWeb)
(# Cos: 13 | $4.9B)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$1.8B(▲3400%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$4.9B
8
2
13
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.

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Digital Native Banks - UK & Ireland
02
10
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
$1.4B(▲28.3%)
8(▼11.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.3B
6
-
10
4
Banking Tech (Tide)
(# Cos: 687 | $9.8B)
Internet First Banks (Monzo)
(# Cos: 162 | $5.1B)
Digital Native Banks (Revolut)
(# Cos: 27 | $4.7B)
Diversified (Starling Bank)
(# Cos: 10 | $4.3B)
Starling Bank
(2014, $852M)
Revolut
(2015, $2.1B)
Monzo
(2015, $723M)
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
Starling Bank (2014)
$376M - Series D - Mar 2021
Starling Bank (2014)
$69.2M - Series D - Apr 2021
Monzo (2015)
$68.7M - Series G - Feb 2021
Atom Bank (2014)
$55.0M - Series D - Apr 2021
Starling Bank (2014)
$48.9M - Series D - Jun 2021
Revolut (2015)
$13.7M - Series E - Aug 2021
View all 8 Funding Rounds on Tracxn Platform

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Virtual Events - UK & Ireland
03
11
Back to index
Events Tech (Teooh)
(# Cos: 585 | $1.3B)
Online Events (Hopin)
(# Cos: 45 | $1.1B)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$1.1B(▲2084%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
3
-
45
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
Hopin (2019)
$403M - Series C - Dec 2020
Hopin (2019)
$221M - Series B - Nov 2020
HeySummit (2018)
$1.0M - Seed - Oct 2020
Hopin (2019)
Undisclosed - Series C - Jun 2021

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
POS Payment Terminals - 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
$895M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$957M
5
-
48
2
Payments (Curve)
(# Cos: 1172 | $6.5B)
Business Payments (Checkout.com)
(# Cos: 686 | $2.8B)
POS Payments (Miura Systems)
(# Cos: 71 | $963M)
POS Payment Terminal (SumUp)
(# Cos: 48 | $957M)
SumUp
(2012, $940M)
Miura Systems
(2008, $16.0M)
Sparkle CS
(2011, $735K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SumUp (2012)
$895M - Series D - Mar 2021

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Vaccitech (2016)
$168M - Series B - Mar 2021
Artios Pharma (2015)
$153M - Series C - Jul 2021
Achilles Therapeutics (2016)
$97.5M - Series C - Nov 2020
Immunocore (2008)
$75.0M - Series C - Jan 2021
Touchlight (2008)
$58.4M - Series B - Mar 2021
Ixaka (2009)
$54.3M - Series C - Jan 2021
Amphista Therapeutics (2018)
$53.0M - Series B - Mar 2021
View all 21 Funding Rounds on Tracxn Platform
Drugs for Multiple Cancer Types - UK &
Ireland
05
13
Back to index
Oncology (Oxford Immunotec)
(# Cos: 276 | $4.9B)
Drugs (Mereo BioPharma)
(# Cos: 168 | $4.3B)
Diversified (Achilles Therapeutics)
(# Cos: 134 | $3.2B)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$778M(▲279%)
21(▲133%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$3.2B
98
17
134
13
Achilles Therapeutics
(2016, $242M)
Mereo BioPharma
(2015, $141M)
Immunocore
(2008, $525M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Parcel Last Mile Delivery - 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
$740M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$742M
4
-
10
1
Logistics Tech (Sorted)
(# Cos: 1164 | $4.3B)
Parcel (Deliveroo)
(# Cos: 291 | $3.6B)
Technology Enablers (7Bridges)
(# Cos: 57 | $750M)
Delivery Management (Ryde)
(# Cos: 53 | $749M)
Last Mile (Gophr)
(# Cos: 10 | $742M)
Gophr
(2014, $6.9M)
Crossbay
(2020, $734M)
Xpreso
(2013, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Crossbay (2020)
$734M - Series D - Dec 2020
Gophr (2014)
$5.6M - Series A - Feb 2021

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OneTrust (2016)
$300M - Series C - Dec 2020
OneTrust (2016)
$210M - Series C - Apr 2021
Druva (2008)
$147M - Series H - Apr 2021
Nym (2018)
$6.5M - Series A - Jul 2021
Oblivious (2020)
$1.1M - Seed - Sep 2021
Dataships (2018)
$589K - Seed - Nov 2020
Data Privacy - UK & Ireland
07
15
Back to index
Cybersecurity (Sophos)
(# Cos: 1176 | $6.4B)
Data Security (Element)
(# Cos: 289 | $2.0B)
Data Privacy (OneTrust)
(# Cos: 50 | $1.6B)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$665M(▲112%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.6B
13
-
50
5
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Druva
(2008, $475M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Social Trading Platforms - 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
$650M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$851M
6
-
27
1
Investment Tech (IHS Markit)
(# Cos: 2469 | $6.4B)
Online Trading Platforms (IG)
(# Cos: 1192 | $1.4B)
Stocks (Freetrade)
(# Cos: 291 | $1.1B)
Social Trading (eToro)
(# Cos: 27 | $851M)
eToro
(2007, $823M)
Covestor
(2005, $28.1M)
Genesis Vision
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
eToro (2007)
$650M - Series F - Mar 2021

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Checkout.com (2012)
$450M - Series C - Jan 2021
DNA Payments (2018)
$141M - Series D - Jun 2021
UNIPaaS (2008)
$10.0M - Series A - Feb 2021
KodyPay (2018)
$3.3M - Seed - Jun 2021
Pomelo Pay (2017)
$2.8M - Seed - Dec 2020
FaizPay (2019)
$728K - Seed - Jul 2021
Paysme (2014)
$396K - Seed - Nov 2020
View all 9 Funding Rounds on Tracxn Platform
Business Payments Solutions - UK &
Ireland
09
17
Back to index
Payments (Curve)
(# Cos: 1172 | $6.5B)
Business Payments (GoCardless)
(# Cos: 686 | $2.8B)
Diversified (Checkout.com)
(# Cos: 114 | $1.0B)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$608M(▲299%)
9(▲350%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$1.0B
27
-
114
5
Checkout.com
(2012, $830M)
Paymentsense Secure Trading
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015)
$300M - Series F - Sep 2021
Snyk (2015)
$300M - Series E - Mar 2021
Security Testing - UK & Ireland
10
18
Back to index
Software Testing Tools (DiffBlue)
(# Cos: 145 | $1.2B)
Testing Types (Snyk)
(# Cos: 57 | $1.2B)
Security Testing (Veracode)
(# 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
$600M(▲70.5%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
6
-
15
1
Veracode
(2006, $107M)
Snyk
(2015, $1.1B)
Uleska
(2016, $414K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, 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
11
19
Back to index
Professional Service Robots (Rovco)
(# Cos: 98 | $1.1B)
Healthcare (Peak Analysis and Automation)
(# Cos: 12 | $1.0B)
Surgery (CMR Surgical)
(# Cos: 5 | $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
-
5
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.

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Data Privacy Management Platforms -
UK & Ireland
12
20
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
$512M(▲64.1%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.1B
20
-
86
3
GRC Software (Featurespace)
(# Cos: 745 | $3.0B)
Compliance (Onfido)
(# Cos: 464 | $2.6B)
IT Compliance (Sysnet Global Solutions)
(# Cos: 100 | $1.4B)
Data Privacy (OneTrust)
(# Cos: 86 | $1.1B)
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Digi.me Partners
(2009, $18.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016)
$300M - Series C - Dec 2020
OneTrust (2016)
$210M - Series C - Apr 2021
Oblivious (2020)
$1.1M - Seed - Sep 2021
Dataships (2018)
$589K - Seed - Nov 2020

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Genomic Sequencing Instruments - UK &
Ireland
13
21
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
$396M(▲200%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
3
-
9
2
Genomics (Oxford Immunotec)
(# Cos: 494 | $5.3B)
Enabling Technologies (Horizon Discovery)
(# Cos: 115 | $1.8B)
Instrument Systems (Genedrive)
(# Cos: 26 | $1.5B)
Nucleic Acid Analysis (QuantuMDx)
(# Cos: 18 | $1.4B)
Sequencing (Nanopore)
(# Cos: 9 | $1.3B)
Nanopore
(2005, $1.3B)
QuantuMDx
(2008, $38.1M)
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
Nanopore (2005)
$110M - Series G - Oct 2020
QuantuMDx (2008)
$15.2M - Series B - Mar 2021

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Nucleic Acid Sequencing Equipment - 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
$396M(▲200%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
4
-
5
2
Life Sciences Platforms and Tools (Horizon Discovery)
(# Cos: 732 | $4.1B)
Instruments (Fluidic Analytics)
(# Cos: 174 | $1.5B)
Genomics (QuantuMDx)
(# Cos: 17 | $1.4B)
Nucleic Acid Sequencing
(Nanopore)
(# Cos: 5 | $1.3B)
Nanopore
(2005, $1.3B)
QuantuMDx
(2008, $38.1M)
DNA Electronics
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
Nanopore (2005)
$110M - Series G - Oct 2020
QuantuMDx (2008)
$15.2M - Series B - Mar 2021

23. Copyright © 2021, 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
-
$522M
1
-
7
1
Internet First Insurance Platforms (HomeTree)
(# Cos: 441 | $3.0B)
Internet First Insurers (Cuvva)
(# Cos: 169 | $1.9B)
P&C (Zego)
(# Cos: 147 | $1.6B)
Pet (Bought By Many)
(# Cos: 7 | $522M)
Bought By Many
(2012, $522M)
Animal Friends Argos Pet Insurance
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 © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Online Used Cars Dealers - 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
$311M(▲111%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$583M
2
-
12
1
Auto E-Commerce & Content (Zego)
(# Cos: 752 | $3.3B)
Second Hand Vehicles (Carwow)
(# Cos: 209 | $2.1B)
Cars (Auto Trader)
(# Cos: 178 | $2.1B)
Online Dealer (Cazoo)
(# Cos: 12 | $583M)
Cazoo
(2018, $580M)
CarSpring
(2015, $3.3M)
BuyaCar
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cazoo (2018)
$311M - Series D - Oct 2020

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
PatSnap (2007)
$300M - Series E - Mar 2021
Patent Analytics & Management - UK &
Ireland
17
25
Back to index
Legal Tech (SeedLegals)
(# Cos: 588 | $758M)
Intellectual Property (IP) Management
(SnapDragon Monitoring)
(# Cos: 42 | $368M)
Patent Analytics & Management
(PatSnap)
(# Cos: 13 | $356M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$300M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$356M
5
-
13
1
PatSnap
(2007, $352M)
Aistemos
(2013, $4.0M)
RoyaltyRange
(2012, $422K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - UK & Ireland
18
26
Back to index
Banking Tech (Starling Bank)
(# Cos: 687 | $9.8B)
Banking Software Suite (FintechOS)
(# Cos: 59 | $428M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$293M(▲848%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$428M
13
-
59
3
FintechOS
(2017, $86.0M)
Finastra 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
Omnio (2018)
$35.7M - Series C - Mar 2021
FintechOS (2017)
$10.0M - Series B - Aug 2021
Icon Solutions (2009)
Undisclosed - Seed - Oct 2020

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
P2P Wallet Remittance - 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
$292M(▲2086%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$359M
9
-
57
3
Remittance (TransferGo)
(# Cos: 450 | $2.4B)
Internet First Platforms (Azimo)
(# Cos: 376 | $2.2B)
P2P Remittance (WorldRemit)
(# Cos: 241 | $2.1B)
Wallet Transfer (Skrill)
(# Cos: 57 | $359M)
Skrill Taptap Send
(2017, $13.4M)
WeSwap
(2010, $45.7M)
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
DiPocket (2014)
$7.1M - Series A - Nov 2020
Taptap Send (2017)
Undisclosed - Series A - Jun 2021

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
PPRO (2006)
$270M - Series D - Jan 2021
NymCard (2016)
$7.6M - Series A - Jan 2021
Monavate (2019)
$6.9M - Seed - Mar 2021
Global Processing Services (2007)
Undisclosed - Series C - Oct 2020
Payment Card Issuer Processors - UK &
Ireland
20
28
Back to index
Payments (Checkout.com)
(# Cos: 1172 | $6.5B)
Enablers (Yapily)
(# Cos: 188 | $2.2B)
Issuer Processor (PPRO)
(# Cos: 25 | $487M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$285M(▲469%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$487M
12
1
25
4
PPRO
(2006, $370M)
Worldpay
(1993, $18.0M)
Global Processing Serv..
(2007, $58.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First Business Loans
Marketplace - UK & Ireland
21
29
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
$276M(▲2140%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$355M
10
-
40
6
Alternative Lending (Clear Score)
(# Cos: 975 | $5.1B)
Online Lenders (Celsius Network)
(# Cos: 687 | $4.4B)
Business Loans (Previse)
(# Cos: 230 | $1.1B)
Diversified (ThinCats)
(# Cos: 55 | $355M)
Marketplace (MarketFinance)
(# Cos: 40 | $355M)
MarketFinance
(2011, $35.4M)
ThinCats
(2010, $226M)
Assetz Capital
(2012, $12.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ThinCats (2010)
$226M - Series D - Jun 2021
Outfund (2020)
$49.4M - Seed - Dec 2020
Assetz Capital (2012)
$2.0M - Series B - Oct 2020
CreditEnable (2016)
$845K - Seed - Jan 2021

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Amazon Seller Acquirers - 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
$265M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$265M
1
-
1
1
E-Commerce Enablers (Sorted)
(# Cos: 754 | $1.8B)
E-Commerce Sellers (Nozzle)
(# Cos: 45 | $268M)
Tech First Acquirers (Shop Circle)
(# Cos: 2 | $265M)
Amazon (Heroes)
(# Cos: 1 | $265M)
Heroes
(2020, $265M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Heroes (2020)
$200M - Series D - Sep 2021
Heroes (2020)
$65.0M - Series C - Nov 2020

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Traditional Data Integration - UK &
Ireland
23
31
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
$250M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$310M
3
-
11
1
Business Intelligence (Crowd Vision)
(# Cos: 371 | $563M)
Data Preparation (Boxever)
(# Cos: 65 | $403M)
Integration (Import.io)
(# Cos: 26 | $349M)
Traditional (Matillion)
(# Cos: 11 | $310M)
Matillion
(2011, $310M)
NStack Pushstartr
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Matillion (2011)
$150M - Series E - Sep 2021
Matillion (2011)
$100M - Series D - Feb 2021

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Hemodialyzers - 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
$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

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Online Retirement Planning Services -
UK & Ireland
25
33
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
15
1
Asset Management (Aviva)
(# Cos: 940 | $2.7B)
Financial Advisors (Multiply)
(# Cos: 161 | $443M)
Internet First Platforms (Moneyfarm)
(# Cos: 70 | $407M)
Retirement (A J Bell)
(# Cos: 15 | $262M)
A J Bell
(1995, $32.0M)
Smart
(2014, $229M)
MyFutureNow
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

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Pension Management - UK & Ireland
26
34
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(▲227%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$489M
2
-
4
2
HRTech (Perkbox)
(# Cos: 3492 | $4.0B)
Employee Benefits (Neyber)
(# Cos: 197 | $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

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
On Demand Staffing Platform - UK &
Ireland
27
35
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
$227M(▲171%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$301M
4
-
15
2
HRTech (Perkbox)
(# Cos: 3492 | $4.0B)
Contract Workforce Recruitment (Patchwork)
(# Cos: 62 | $372M)
On Demand Staffing Platform (Tempo)
(# Cos: 27 | $316M)
Industry Specific (Rota)
(# Cos: 25 | $316M)
Multi Industry (Jobandtalent)
(# Cos: 15 | $301M)
Jobandtalent
(2009, $290M)
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)
$119M - Series D - Mar 2021
Jobandtalent (2009)
$108M - Series C - Dec 2020

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Intelligent Processing Units - UK &
Ireland
28
36
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
$225M(▲21%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$770M
1
-
2
1
Digital ICs (Picochip)
(# Cos: 27 | $1.2B)
Microprocessors (Frontier Smart Technologies)
(# Cos: 21 | $1.1B)
Artificial Intelligence and Machine
Learning (Mindtech)
(# Cos: 7 | $773M)
Intelligent Processing Unit
(Graphcore)
(# Cos: 2 | $770M)
Graphcore
(2016, $770M)
Silogic
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Graphcore (2016)
$222M - Series E - Dec 2020
Graphcore (2016)
$2.7M - Series E - Mar 2021

37. Copyright © 2021, 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
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
$220M(▲2101%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$235M
2
-
2
2
Payments (Checkout.com)
(# Cos: 1172 | $6.5B)
Consumer Payments (Pockit)
(# Cos: 295 | $1.5B)
Payment Cards (Curve)
(# Cos: 159 | $1.2B)
Credit Cards (Capital On Tap)
(# Cos: 15 | $338M)
General Purpose (MBNA)
(# Cos: 9 | $299M)
Point of Sale Financing (Zilch)
(# Cos: 2 | $235M)
Zilch
(2018, $230M)
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 - Jul 2021
Zilch (2018)
$80.0M - Series B - Apr 2021
Zilch (2018)
$30.0M - Series A - Dec 2020
Tymit (2017)
Undisclosed - Series A - Oct 2020

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Banks - 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
$215M(▲553%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$270M
4
-
7
2
Payments (Checkout.com)
(# Cos: 1172 | $6.5B)
Enablers (PPRO)
(# Cos: 188 | $2.2B)
White Label Solutions (Modulr Finance)
(# Cos: 54 | $551M)
Merchant Acquirers (Currencycloud)
(# Cos: 17 | $457M)
Banks (Form3)
(# Cos: 7 | $270M)
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.
Form3 (2016)
$160M - Series C - Sep 2021
Pollinate (2017)
$50.0M - Series C - Mar 2021
Form3 (2016)
$5.4M - Series C - Dec 2020

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Subscription based Online Flower
Retailer - UK & Ireland
31
39
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
$208M(▲ >10K%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$282M
4
-
5
3
Online Gifting (Notonthehighstreet)
(# Cos: 553 | $530M)
Ecommerce (PhotoBox)
(# Cos: 491 | $495M)
Florists (bloomon)
(# Cos: 76 | $324M)
B2C (Interflora)
(# Cos: 70 | $323M)
Retail (FLOWERBX)
(# Cos: 64 | $319M)
Subscription (Bloom & Wild)
(# Cos: 5 | $282M)
Bloom & Wild
(2013, $174M)
FLOWERBX
(2015, $20.3M)
bloomon
(2014, $22.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bloom & Wild (2013)
$102M - Series D - Jan 2021
Freddie's Flowers (2014)
$60.0M - Series B - Jul 2021
Bloom & Wild (2013)
$41.5M - Series D - Jul 2021
Freddie's Flowers (2014)
$4.3M - Series A - Nov 2020

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences Research Services - UK &
Ireland
32
40
Back to index
Life Sciences Platforms and Tools (Nanopore)
(# Cos: 732 | $4.1B)
Research Services (Horizon Discovery)
(# Cos: 367 | $2.0B)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$207M(▲23.5%)
24(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
41
$2.0B
205
18
367
16
Horizon Discovery
(2007, $46.3M)
OXGENE
(2011, $26.3M)
Rapid Micro Biosystems
(2006, $350M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Evox Therapeutics (2016)
$96.0M - Series C - Feb 2021
Alchemab (2019)
$82.7M - Series A - Apr 2021
Rapid Micro Biosystems (2006)
$81.0M - Series E - Mar 2021
Owlstone Medical (2004)
$59.0M - Series D - Sep 2021
Amphista Therapeutics (2018)
$53.0M - Series B - Mar 2021
Mogrify (2016)
$17.0M - Series A - May 2021
Rinri Therapeutics (2018)
$13.9M - Series A - Apr 2021
View all 24 Funding Rounds on Tracxn Platform

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapy Drugs - UK & Ireland
33
41
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
$202M(▲13.8%)
8(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.4B
30
6
42
5
Genomics (Nanopore)
(# Cos: 494 | $5.3B)
Applied Genomics (Hologic)
(# Cos: 272 | $3.2B)
Clinical Genomics (Oxford Immunotec)
(# Cos: 113 | $2.7B)
Therapeutics (Silence Therapeutics)
(# Cos: 42 | $1.4B)
Silence Therapeutics Chimerix
(2002, $95.2M)
Gyroscope
(2016, $215M)
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
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
Senisca (2020)
$1.8M - Seed - Mar 2021
GenomeKey (2011)
$259K - Seed - Jan 2021
View all 8 Funding Rounds on Tracxn Platform

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Corporate Travel & Expense Cards - 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
$201M(▲5475%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$285M
4
-
12
2
Finance & Accounting Tech (Sage Group)
(# Cos: 1110 | $2.0B)
Accounting Solutions (FreeAgent)
(# Cos: 688 | $1.4B)
Procure to Pay (Proactis)
(# Cos: 113 | $403M)
Travel & Expense (Payhawk)
(# Cos: 53 | $288M)
Card Solutions (Soldo)
(# Cos: 12 | $285M)
Soldo
(2014, $258M)
Payhawk
(2018, $24.2M)
Caxton FX
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)
$20.0M - Series A - Apr 2021
Expend (2015)
$713K - Seed - May 2021

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Financial Fraud Detection - 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
$200M(▲435%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$393M
2
-
2
2
Big Data Analytics (AMPLYFI)
(# Cos: 194 | $1.1B)
Industry Solutions (Ravelin Technology)
(# Cos: 59 | $691M)
BFSI (Feedzai)
(# Cos: 17 | $497M)
Fraud Prevention (Featurespace)
(# Cos: 2 | $393M)
Featurespace
(2008, $111M)
Feedzai
(2009, $282M)
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

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Feedzai (2009)
$200M - Series D - Mar 2021
Fraud Detection Solutions for Banks - UK
& Ireland
36
44
Back to index
Banking Tech (Starling Bank)
(# Cos: 687 | $9.8B)
RegTech (Onfido)
(# Cos: 108 | $2.0B)
Fraud Detection (Feedzai)
(# Cos: 8 | $282M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$282M
3
-
8
1
Feedzai
(2009, $282M)
World-Check FCASE
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Payment Fraud Monitoring Solutions -
UK & Ireland
37
45
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
$200M(▲7562%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$373M
7
-
29
4
Payments (Checkout.com)
(# Cos: 1172 | $6.5B)
Enablers (PPRO)
(# Cos: 188 | $2.2B)
Payment Security (Callsign)
(# Cos: 49 | $417M)
Payment Fraud Detection
(Feedzai)
(# Cos: 29 | $373M)
Feedzai
(2009, $282M)
Callsign
(2011, $38.0M)
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

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Feedzai (2009)
$200M - Series D - Mar 2021
Financial Fraud - UK & Ireland
38
46
Back to index
Cybersecurity (Sophos)
(# Cos: 1176 | $6.4B)
Anti Fraud (Yoti)
(# Cos: 105 | $602M)
Financial Fraud (Featurespace)
(# Cos: 59 | $508M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$508M
17
-
59
7
Featurespace
(2008, $111M)
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.

47. Copyright © 2021, 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: 63 | $380M)
Drugs (Gyroscope)
(# Cos: 17 | $302M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$198M( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$302M
12
1
17
3
Gyroscope
(2016, $215M)
Exonate
(2013, $4.4M)
Oxular
(2014, $57.5M)
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
Oxular (2014)
$37.0M - Series B - Mar 2021
Transine Therapeutics (2020)
$12.9M - Seed - Jun 2021

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
TrueLayer (2016)
$70.0M - Series D - Apr 2021
Yapily (2017)
$51.0M - Series B - Jul 2021
TrueLayer (2016)
$25.0M - Series C - Sep 2020
Primer (2020)
$18.6M - Series A - Nov 2020
Moneyhub Enterprise (2011)
$18.0M - Angel - Jul 2021
Weavr (2018)
$5.6M - Seed - Jul 2021
Weavr (2018)
$4.0M - Seed - Nov 2020
View all 9 Funding Rounds on Tracxn Platform
Open Banking APIs for Payments - UK &
Ireland
40
48
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Payments (Checkout.com)
(# Cos: 1172 | $6.5B)
Enablers (PPRO)
(# Cos: 188 | $2.2B)
Open Banking APIs (Yapily)
(# Cos: 38 | $320M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$195M(▲346%)
9( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$320M
19
-
38
9
Yapily
(2017, $70.8M)
TrueLayer
(2016, $143M)
Bud
(2015, $22.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Railsbank (2015)
$70.0M - Series C - Jul 2021
Yapily (2017)
$51.0M - Series B - Jul 2021
Railsbank (2015)
$37.0M - Series B - Nov 2020
Token (2015)
$15.0M - Series B - Jan 2021
Toqio (2019)
$9.4M - Seed - Jul 2021
Weavr (2018)
$5.6M - Seed - Jul 2021
Weavr (2018)
$4.0M - Seed - Nov 2020
View all 9 Funding Rounds on Tracxn Platform
Open Banking API Providers - UK &
Ireland
41
49
Back to index
Banking Tech (Starling Bank)
(# Cos: 687 | $9.8B)
Open Banking (Snoop)
(# Cos: 82 | $967M)
Banking APIs (Railsbank)
(# Cos: 42 | $697M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$195M(▲20.4%)
9(▼18.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$697M
17
-
42
9
Railsbank
(2015, $125M)
Thought Machine
(2014, $149M)
Yapily
(2017, $70.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Beckley Psytech (1998)
$80.0M - Series B - Aug 2021
Ixaka (2009)
$54.3M - Series C - Jan 2021
Beckley Psytech (1998)
$18.9M - Series B - Dec 2020
Wren Therapeutics (2016)
$17.0M - Series B - Jan 2021
Transine Therapeutics (2020)
$12.9M - Seed - Jun 2021
Dunad Therapeutics (2020)
$6.9M - Series A - Mar 2021
Neurological Disorder Drugs - UK &
Ireland
42
50
Back to index
Neurology (Small Pharma)
(# Cos: 148 | $1.3B)
Drugs (COMPASS Pathways)
(# Cos: 79 | $979M)
Diversified (GW Pharma)
(# Cos: 20 | $277M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$190M(▲5039%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$277M
14
4
20
4
GW Pharma
(1998, $46.5M)
C4X Discovery Beckley Psytech
(1998, $103M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - UK & Ireland
43
51
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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
$180M(▼71.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.8B
7
2
69
0
Food Tech (Whisk)
(# Cos: 1032 | $3.6B)
Food Discovery and Ordering (OLIO)
(# Cos: 326 | $3.0B)
Restaurant Aggregator (Just Eat)
(# Cos: 137 | $2.8B)
Platform Delivered (Deliveroo)
(# Cos: 69 | $2.8B)
Deliveroo
(2013, $2.7B)
Just Eat
(2001, $127M)
Supper
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Deliveroo (2013)
$180M - Series H - Jan 2021

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Prepaid Expense Cards -
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
$180M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$260M
2
-
11
1
Payments (Checkout.com)
(# Cos: 1172 | $6.5B)
Consumer Payments (Zilch)
(# Cos: 295 | $1.5B)
Payment Cards (Curve)
(# Cos: 159 | $1.2B)
Prepaid Cards (Pockit)
(# Cos: 140 | $645M)
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

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Salary Linked Loans - UK & Ireland
45
53
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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
$177M(▲660%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$499M
4
-
7
3
HRTech (Perkbox)
(# Cos: 3492 | $4.0B)
Employee Benefits (Neyber)
(# Cos: 197 | $1.5B)
Financial Benefits (Smart Pension)
(# Cos: 26 | $1.3B)
Salary Linked Loans
(SalaryFinance)
(# Cos: 7 | $499M)
SalaryFinance
(2015, $293M)
Neyber
(2014, $181M)
SalaryFits
(2015, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SalaryFinance (2015)
$150M - Series D - Mar 2021
SalaryFinance (2015)
$27.0M - Series D - Dec 2020

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Anti Money Laundering Software - 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
$173M(▼6.7%)
4(▼42.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$771M
16
-
38
5
GRC Software (Featurespace)
(# Cos: 745 | $3.0B)
Compliance (Sysnet Global Solutions)
(# Cos: 464 | $2.6B)
Industry (Fenergo)
(# Cos: 99 | $1.0B)
Banking & Finance (Quantexa)
(# Cos: 58 | $852M)
AML & CTF (Onfido)
(# Cos: 38 | $771M)
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
KnowYourCustomer (2015)
Undisclosed - Seed - Aug 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
GH Research (2018)
$125M - Series B - Apr 2021
Small Pharma (2015)
$46.0M - Series C - Mar 2021
Monument Tx (2019)
$3.6M - Seed - Jul 2021
Neuro Psychiatric Disorder Drugs - UK &
Ireland
47
55
Back to index
Neurology (Alkermes)
(# Cos: 148 | $1.3B)
Drugs (Small Pharma)
(# Cos: 79 | $979M)
Psychiatric (COMPASS Pathways)
(# Cos: 8 | $330M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$171M(▲114%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$330M
6
4
8
1
COMPASS Pathways
(2016, $109M)
Small Pharma
(2015, $46.9M)
Alkermes
(1987, $46.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
AML Solutions - UK & Ireland
48
56
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(▲138%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$257M
4
-
17
1
RegTech (Onfido)
(# Cos: 391 | $2.4B)
Fraud Detection (Elliptic)
(# Cos: 76 | $992M)
Transaction Monitoring (Featurespace)
(# Cos: 63 | $845M)
AML (Quantexa)
(# Cos: 17 | $257M)
Quantexa
(2016, $257M)
SmartSearch SmartSearch
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

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First Pay Per Mile Insurers - UK
& Ireland
49
57
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
$150M(▼72.2%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$755M
10
-
25
4
Auto E-Commerce & Content (Auto Trader)
(# Cos: 752 | $3.3B)
Insurance (Marshmallow)
(# Cos: 90 | $889M)
Internet First Insurer (Cuvva)
(# Cos: 47 | $878M)
Usage Based (Zego)
(# Cos: 25 | $755M)
Zego
(2016, $202M)
Cuvva
(2014, $21.9M)
By Miles
(2016, $26.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zego (2016)
$150M - Series C - Mar 2021
My Policy (2010)
Undisclosed - Seed - Feb 2021

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Telegram (2013)
$150M - Series D - Mar 2021
Ephemeral Messaging Apps - UK &
Ireland
50
58
Back to index
Communication Apps (SwiftKey)
(# Cos: 317 | $260M)
Ephemeral (D2D Chat)
(# Cos: 7 | $150M)
Engagement focused (Telegram)
(# Cos: 4 | $150M)
Taxonomy
$ Invested in last 1 year in UK & Ireland
Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$150M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$150M
1
-
4
1
Telegram
(2013, $150M)
Boop App Blazt
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. UK & Ireland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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