We are back with our latest report on top #BusinessModels in based on #Tracxn's #proprietary #taxonomy https://tracxn.com/platform/file-manager/file/ZmlsZUlkPXp6Q0ZrRjFER095SF9oemtZY3ppbms4am1lUE9IdDZTZzBJWFNZWEVyTXc%3D Get our free reports on geo of your interest to your mailbox regularly

1. TRACXN TOP BUSINESS MODELS REPORT
August 17, 2023
UNITED KINGDOM TECH

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

3. United Kingdom Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Funding in last 1 year
3
Cryptocurrencies $1.7B
Cybersecurity $819M
Banking Tech $727M
Investment Tech $538M
HRTech $501M
Electric Vehicles $437M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
SFC Capital
Fuel Ventures
Development Bank of
Wales
18
16
11
Early
Stage
Mercia
Octopus Ventures
BGF
15
15
14
Late
Stage
Google Ventures
Barclays
Insight Partners
4
4
4
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
BitGoldEx
(2015, London)
$715M - Series A
CheBots
(2018, London)
$500M - Series D
Builder
(2012, London)
$250M - Series D
Copper
(2018, London)
$196M - Series C
Mews
(2012, London)
$185M - Series C
OneTrust
(2016, London)
$150M - Series D
Accelerant
(2018, Colchester)
$150M - Series A
Oxbotica
(2014, Oxford)
$140M - Series C
Quantexa
(2016, London)
$129M - Series E
Be.EV
(2019, Manchester)
$127M - Series D
Allica Bank
(2017, London)
$123M - Series C
Improbable
(2012, London)
$111M - Series D
London (69%)
Oxford (5%)
Cambridge (4%)
Manchester (2%)
Bristol (2%)
Others (17%)

4. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- Crypto Order Management Solution $715M 1 BitGoldEx | $715M | Series A Link
2-- Cryptocurrencny Algo Trading Platforms $500M 1 CheBots | $500M | Series D Link
3▲25 Oncology Drugs $305M 17 Pheon Therap.. | $68.0M | Series A Link
4▲19 Low Code Development Platforms $259M 4 Builder | $250M | Series D Link
5▲32 Anti Fraud Management $250M 4 Quantexa | $129M | Series E Link
6-- Data Security $247M 8 OneTrust | $150M | Series D Link
7▲3 Cryptocurrency Custodian Services $232M 2 Copper | $196M | Series C Link
8-- Data Privacy Compliance $229M 5 OneTrust | $150M | Series D Link
9▲8 Blockchain Networks $217M 10 Aztec | $100M | Series B Link
10-- Hotel Management Software $189M 3 Mews | $185M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Carbon Credit Trading Platform $165M 11 Sylvera | $57.0M | Series B Link
12▼8 Open Banking $165M 9 Volt | $60.0M | Series B Link
13▼10 Digital Banks $159M 2 Allica Bank | $123M | Series C Link
14▲24 Insurance Risk Management $153M 3 Accelerant | $150M | Series A Link
15-- Data Discovery and Visualization Platforms $145M 5 Quantexa | $129M | Series E Link
16▲8 Internet First Retail Bank $144M 3 Zopa | $92.5M | Series H Link
17-- Financial Regulatory Compliance $131M 3 Quantexa | $129M | Series E Link
18-- EV Charging Network Operators $127M 3 Be.EV | $127M | Series D Link
19-- Gaming Engines $121M 2 Improbable | $111M | Series D Link
20-- Employee Benefits Software $112M 6 Smart Pension | $95.0M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Building Energy Management System $110M 3 Infogrid | $90.0M | Series B Link
22▲8 Event Ticketing Marketplace $110M 1 Fever | $110M | Series E Link
23▲18 Alternative Credit Card $106M 4 Jaja | $48.7M | Series D Link
24-- Plug In Electric Vehicle Chargers $104M 2 EO Charging | $80.0M | Series B Link
25▲8 Gene Therapeutics $102M 3 Nucleome The.. | $42.2M | Series A Link
26-- Physical Identity Access Management $98.2M 4 GSS | $45.0M | Series C Link
27-- Active Noise Cancellation Earbuds $96.8M 1 Nothing | $96.8M | Series C Link
28-- Robo Advisors for Retirement Planning $95.0M 1 Smart | $95.0M | Series E Link
29-- Radiological Image Analysis Software $94.5M 4 Perspectum | $55.0M | Series C Link
30-- Risk Management Software $93.8M 7 Coincover | $30.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Text to Video $93.6M 2 Synthesia | $90.0M | Series C Link
32▼9 Internet First Consumer Loans $92.5M 1 Zopa | $92.5M | Series H Link
33▼17 Electric Truck Manufacturers $89.7M 3 Volta Trucks | $62.3M | Series C Link
34-- Risk Management Solutions $88.3M 5 Access Fintech | $60.0M | Series C Link
35-- Superconducting Quantum Computer $87.9M 3 Quantum Motion | $50.5M | Series B Link
36-- Non-Invasive CGM Devices $86.6M 3 Osler Diagno.. | $85.0M | Series C Link
37-- Retinal Disorder Drugs $79.1M 1 Complement T.. | $79.1M | Series A Link
38▼40 Green Utilities $78.0M 2 Tesseract | $78.0M | Series A Link
39-- Risk Management for Capital Markets $72.0M 3 Access Fintech | $60.0M | Series C Link
40-- Clinical Decision Support Systems $71.8M 2 Perspectum | $55.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
United Kingdom Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Life Science Data Mining $70.7M 3 Causaly | $60.0M | Series B Link
42-- Ophthalmology Drugs $70.0M 1 Tenpoint The.. | $70.0M | Series A Link
43-- Geonavigation $65.8M 1 What3words | $65.8M | Series C Link
44-- Vehicle Inspection Software $65.0M 2 Tractable | $65.0M | Series E Link
45-- Drugs for Lung Infections $62.0M 2 Pulmocide | $52.0M | Series C Link
46-- Subscription Based Grocery Delivery $59.4M 1 The Modern M.. | $59.4M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Crypto Order Management Solution -
United Kingdom
01
9
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$715M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$715M
2
-
14
0
Cryptocurrencies (Luno)
(# Cos: 2414 | $4.9B)
Financial Services (Uphold)
(# Cos: 1650 | $4.0B)
Investment Industry (Blockchain)
(# Cos: 1177 | $3.2B)
Trading Enablers (Pollen)
(# Cos: 77 | $818M)
Trade Management (Bridgeweave)
(# Cos: 14 | $715M)
Bridgeweave
(2017, London)
Digital RFQ
(2019, London)
Prycto
(2017, Gibraltar)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BitGoldEx (2015, London)
$715M - Series A - Oct 2022

10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrencny Algo Trading Platforms
- United Kingdom
02
10
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$500M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$509M
13
-
134
0
Cryptocurrencies (Luno)
(# Cos: 2414 | $4.9B)
Financial Services (Uphold)
(# Cos: 1650 | $4.0B)
Investment Industry (Blockchain)
(# Cos: 1177 | $3.2B)
Online Trading Platforms (Archax)
(# Cos: 551 | $703M)
Algo Trading (Crypto Facilities)
(# Cos: 134 | $509M)
Crypto Facilities
(2014, London, $1.5M)
Coinrule
(2017, London, $2.3M)
Mizar
(2019, London, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CheBots (2018, London)
$500M - Series D - May 2023

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Pheon Therapeutics (2022, London)
$68.0M - Series A - Sep 2022
Carrick Therapeutics (2015, Oxford)
$60.0M - Series C - Dec 2022
Crescendo (2009, Cambridge)
$32.0M - Series B - Jul 2023
Storm Therapeutics (2015, Cambridge)
$30.0M - Series B - Dec 2022
CellCentric (2003, Cambridge)
$25.0M - Series E - Jul 2023
Charm Therapeutics (2021, London)
$20.0M - Series A - Apr 2023
Accession Therapeu.. (2020, Abingdon)
$19.7M - Series A - Nov 2022
View all 18 Funding Rounds on Tracxn Platform
Oncology Drugs - United Kingdom
03
11
Back to index
Oncology (Achilles Therapeutics)
(# Cos: 319 | $6.2B)
Drugs (Replimune)
(# Cos: 206 | $5.5B)
Diversified (Mereo BioPharma)
(# Cos: 174 | $4.4B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$305M (▲17.6%)
17(▲13.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$4.4B
122
22
174
17
Mereo BioPharma
(2015, London, $141M)
Replimune
(2015, Oxford, $87.0M)
Achilles Therapeutics
(2016, London, $242M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Builder (2012, London)
$250M - Series D - May 2023
Budibase (2019, Belfast)
$7.0M - Seed - Sep 2022
Sticky (2019, London)
$1.9M - Seed - May 2023
February (2020, York)
$115K - Angel - Nov 2022
Low Code Development Platforms -
United Kingdom
04
12
Back to index
Application Development Tools (Thirdweb)
(# Cos: 462 | $1.1B)
Code Development (Builder)
(# Cos: 180 | $876M)
Low Code Development Platforms
(Genesis)
(# Cos: 130 | $863M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$259M (▼23.9%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$863M
26
-
130
5
Genesis
(2012, London, $270M)
Builder
(2012, London, $450M)
BRYTER
(2018, London, $90.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Anti Fraud Management - United
Kingdom
05
13
Back to index
Cybersecurity (Element)
(# Cos: 1612 | $5.7B)
Anti Fraud (Quantexa)
(# Cos: 195 | $1.5B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$250M (▲20.8%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
18
$1.5B
53
3
195
21
Quantexa
(2016, London, $371M)
ComplyAdvantage
(2014, London, $113M)
Featurespace
(2008, Cambridge, $111M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, London)
$129M - Series E - Apr 2023
Access Fintech (2016, London)
$60.0M - Series C - Sep 2022
MPCH Labs (2022, London)
$40.0M - Series A - Sep 2022
SteelEye (2017, London)
$21.0M - Series B - Sep 2022

14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Data Security - United Kingdom
06
14
Back to index
Cybersecurity (OneTrust)
(# Cos: 1612 | $5.7B)
Data Security (Element)
(# Cos: 464 | $1.8B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$247M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
26
$1.8B
104
5
464
24
Element
(2016, London, $48.0M)
OneTrust
(2016, London, $1.1B)
Privitar
(2015, London, $174M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016, London)
$150M - Series D - Jul 2023
$50.0M - Series C - Mar 2023
Metomic (2018, London)
$20.0M - Series A - Feb 2023
Worldr (2019, London)
$11.0M - Seed - Nov 2022
Hazy (2017, London)
$9.0M - Series A - Mar 2023
Mailchain (2019, London)
$4.6M - Seed - Sep 2022
Devyce (2020, London)
$2.7M - Seed - Feb 2023
View all 8 Funding Rounds on Tracxn Platform

15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Custodian Services -
United Kingdom
07
15
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$232M (▼60%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$936M
8
1
14
2
Cryptocurrencies (Luno)
(# Cos: 2414 | $4.9B)
Financial Services (Uphold)
(# Cos: 1650 | $4.0B)
Investment Industry (Blockchain)
(# Cos: 1177 | $3.2B)
Custodian Services (Qredo)
(# Cos: 14 | $936M)
Qredo
(2012, London, $97.0M)
Copper
(2018, London, $791M)
Zodia
(2020, London, $36.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copper (2018, London)
$196M - Series C - Oct 2022
Zodia (2020, London)
$36.0M - Series A - Apr 2023

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Data Privacy Compliance - United
Kingdom
08
16
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$229M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.4B
16
-
97
3
GRC Software (Onfido)
(# Cos: 917 | $3.1B)
Compliance (Quantexa)
(# Cos: 576 | $2.5B)
IT Compliance (Privitar)
(# Cos: 120 | $1.4B)
Data Privacy (OneTrust)
(# Cos: 97 | $1.4B)
OneTrust
(2016, London, $1.1B)
Privitar
(2015, London, $174M)
Hazy
(2017, London, $11.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016, London)
$150M - Series D - Jul 2023
$50.0M - Series C - Mar 2023
Metomic (2018, London)
$20.0M - Series A - Feb 2023
Hazy (2017, London)
Undisclosed - Series A - May 2023
$9.0M - Series A - Mar 2023

17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - United Kingdom
09
17
Back to index
Blockchain Infrastructure (Argent)
(# Cos: 616 | $1.5B)
Blockchain Network (Aztec)
(# Cos: 95 | $711M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$217M (▼48.4%)
10( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$711M
42
-
95
9
Aztec
(2018, London, $119M)
Celestia
(2011, London, $56.5M)
Nym
(2018, London, $322M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aztec (2018, London)
$100M - Series B - Dec 2022
Celestia (2011, London)
$55.0M - Series B - Oct 2022
Evmos (2021, Tortola)
$27.0M - Seed - Nov 2022
ParFin (2019, London)
$15.0M - Seed - Jan 2023
Radix (2013, London)
$10.0M - Series A - Mar 2023
Infinity Exchange (2022, London)
$4.2M - Seed - Sep 2022
LandVault (2017, London)
$3.0M - Series B - Mar 2023
View all 10 Funding Rounds on Tracxn Platform

18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Mews (2012, London)
$185M - Series C - Dec 2022
Hotel Manager (2018, London)
$2.7M - Seed - May 2023
$1.2M - Seed - Dec 2022
Hotel Management Software - United
Kingdom
10
18
Back to index
Hotel IT (RateGain)
(# Cos: 278 | $708M)
Hotel Management Suite (GuestReady)
(# Cos: 94 | $269M)
Hotel (Mews)
(# Cos: 56 | $237M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$189M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$237M
6
-
56
1
Mews
(2012, London, $225M)
RateTiger
(2001, London)
Guestline
(1997, Shrewsbury)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Sylvera (2020, London)
$57.0M - Series B - Jul 2023
Carbonplace (2020, London)
$45.0M - Seed - Feb 2023
Isometric (2022, London)
$25.0M - Seed - Jul 2023
Abatable (2021, London)
$13.5M - Series A - Apr 2023
Supercritical (2021, Sevenoaks)
$13.0M - Series A - Jun 2023
CUR8 (2022, Oxford)
$6.5M - Seed - May 2023
Thallo (2021, London)
$2.5M - Seed - Nov 2022
View all 11 Funding Rounds on Tracxn Platform
Carbon Credit Trading Platform - United
Kingdom
11
19
Back to index
Air Pollution Management Tech (Storegga
Geotechnologies)
(# Cos: 280 | $1.2B)
Carbon Management (Carbon Clean)
(# Cos: 185 | $823M)
Carbon Offset Trading Platforms
(BeZero Carbon)
(# Cos: 69 | $309M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$165M ( -- )
11( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$309M
28
-
69
2
BeZero Carbon
(2020, London, $77.2M)
Sylvera
(2020, London, $97.4M)
Abatable
(2021, London, $16.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Open Banking - United Kingdom
12
20
Back to index
Banking Tech (Revolut)
(# Cos: 816 | $14.0B)
Open Banking (TrueLayer)
(# Cos: 122 | $2.1B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$165M (▼82.7%)
9(▼59.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$2.1B
52
-
122
23
TrueLayer
(2016, London, $273M)
Yapily
(2017, London, $70.8M)
Codat
(2017, London, $173M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volt (2019, Bristol)
$60.0M - Series B - Jun 2023
The Bank of London (2021, London)
$40.0M - Series C - Feb 2023
Toqio (2019, London)
$19.2M - Series A - Sep 2022
Banked (2018, London)
$15.0M - Series A - Nov 2022
Ordo (2018)
$11.3M - Series A - Oct 2022
Omnio (2018, London)
$9.6M - Series C - Feb 2023
DirectID (2010, Edinburgh)
$9.6M - Series A - Feb 2023
View all 9 Funding Rounds on Tracxn Platform

21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Digital Banks - United Kingdom
13
21
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$159M (▼83.4%)
2(▼71.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.5B
8
-
18
5
Banking Tech (Tide)
(# Cos: 816 | $14.0B)
Internet First Banks (Monzo)
(# Cos: 185 | $7.4B)
Digital Native Banks (Starling Bank)
(# Cos: 40 | $6.7B)
Diversified (Revolut)
(# Cos: 18 | $5.5B)
Revolut
(2015, London, $2.1B)
Starling Bank
(2014, London, $1.1B)
Monzo
(2015, London, $1.2B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Allica Bank (2017, London)
$123M - Series C - Dec 2022
Atom bank (2014, Blyth)
$36.3M - Series E - Nov 2022

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Insurance Risk Management - United
Kingdom
14
22
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$153M (▼25.7%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$442M
11
-
27
4
Insurance IT (By Miles)
(# Cos: 386 | $1.9B)
Insurance Policy Solutions (Tractable)
(# Cos: 217 | $934M)
RegTech (Our Kettle)
(# Cos: 36 | $443M)
Risk Management (Accelerant)
(# Cos: 27 | $442M)
Accelerant
(2018, Colchester, $343M)
Our Kettle
(2019, Hamilton, $29.7M)
Cytora
(2014, London, $41.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Accelerant (2018, Colchester)
$150M - Series A - Jun 2023
Intelligent AI (2020, Exeter)
$616K - Seed - Mar 2023
$2.4M - Seed - Dec 2022

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Data Discovery and Visualization
Platforms - United Kingdom
15
23
Back to index
Business Intelligence (Matillion)
(# Cos: 525 | $1.5B)
Data Discovery and Visualization (Quantexa)
(# Cos: 221 | $632M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$145M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
16
$632M
38
1
221
10
Quantexa
(2016, London, $371M)
AVEVA
(1967, Cambridge)
Faculty
(2014, London, $56.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, London)
$129M - Series E - Apr 2023
Lightdash (2021, London)
$8.4M - Seed - Oct 2022
Slingshot Simulations (2019, Leeds)
$3.7M - Series A - Jan 2023
Interrodata (2018, Weybridge)
$2.8M - Seed - Jun 2023
Ocula Technologies (2021, London)
$789K - Seed - Nov 2022

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Internet First Retail Bank - United
Kingdom
16
24
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$144M (▼53%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
5
-
15
3
Banking Tech (Monzo)
(# Cos: 816 | $14.0B)
Internet First Banks (Starling Bank)
(# Cos: 185 | $7.4B)
Digital Native Banks (Revolut)
(# Cos: 40 | $6.7B)
Retail Banking (Tandem)
(# Cos: 15 | $1.2B)
Tandem
(2013, London, $309M)
Zopa
(2005, London, $882M)
Monument
(2010, London, $56.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zopa (2005, London)
$92.5M - Series H - Feb 2023
Monument (2010, London)
$25.6M - Series A - Jan 2023
Tandem (2013, London)
$25.4M - Series C - Jun 2023

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Financial Regulatory Compliance -
United Kingdom
17
25
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$131M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$509M
23
1
56
8
GRC Software (Onfido)
(# Cos: 917 | $3.1B)
Compliance (OneTrust)
(# Cos: 576 | $2.5B)
Industry (Sumsub)
(# Cos: 97 | $598M)
Banking & Finance (Quantexa)
(# Cos: 56 | $509M)
Quantexa
(2016, London, $371M)
Sumsub
(2015, London, $7.5M)
PassFort Limited
(2015, London, $17.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantexa (2016, London)
$129M - Series E - Apr 2023
Nivo (2017, Wilmslow)
$1.2M - Series A - Dec 2022
Artisio (2020, London)
$308K - Seed - Feb 2023

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
EV Charging Network Operators - United
Kingdom
18
26
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$127M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$277M
10
-
57
5
Electric Vehicles (Onto)
(# Cos: 913 | $2.5B)
Charging Solutions (POD Point)
(# Cos: 203 | $664M)
Station Network (Tonik Energy)
(# Cos: 83 | $348M)
Charging (ev.energy)
(# Cos: 83 | $348M)
Operators (InstaVolt)
(# Cos: 57 | $277M)
InstaVolt
(2016, Basingstoke, $62.6M)
Tonik Energy
(2016, London, $22.4M)
Elmtronics
(2013, Consett, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Be.EV (2019, Manchester)
$127M - Series D - Oct 2022
EZ-Charge (2020, Bicester)
Undisclosed - Seed - Mar 2023
Connected Kerb (2017, London)
Undisclosed - Series A - Sep 2022

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Improbable (2012, London)
$111M - Series D - Oct 2022
MetaGravity (2021, London)
$9.5M - Seed - Apr 2023
Gaming Engines - United Kingdom
19
27
Back to index
Gaming Tech (Anything World)
(# Cos: 352 | $1.3B)
Development (Speech Graphics)
(# Cos: 80 | $1.2B)
Game Engines (Improbable)
(# Cos: 42 | $1.1B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$121M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.1B
13
-
42
1
Improbable
(2012, London, $1.1B)
PlayCanvas
(2011, London, $503K)
Unit 2 Games
(2017, Leamington Spa, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Employee Benefits Software - United
Kingdom
20
28
Back to index
HRTech (Multiverse)
(# Cos: 4025 | $6.3B)
Employee Benefits (Wagestream)
(# Cos: 262 | $1.6B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$112M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$1.6B
65
1
262
13
Wagestream
(2018, London, $123M)
Smart Pension
(2014, London, $519M)
SalaryFinance
(2015, London, $293M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Smart Pension (2014, London)
$95.0M - Series E - May 2023
Fertifa (2019, London)
$6.3M - Seed - Jun 2023
Cognassist (2017, Hebburn)
$5.0M - Series A - Apr 2023
PocDoc (2017, Cambridge)
$3.1M - Seed - Mar 2023
ART (2018, Newcastle Upon Tyne)
$1.2M - Series A - Apr 2023
Talkout (2020, Birmingham)
$1.2M - Seed - Jan 2023
Conferma Pay (2005, Manchester)
Undisclosed - Seed - Dec 2022
View all 8 Funding Rounds on Tracxn Platform

29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Building Energy Management System -
United Kingdom
21
29
Back to index
Property Management Tech (Goodlord)
(# Cos: 621 | $851M)
Building Energy Management (myenergi)
(# Cos: 147 | $252M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$110M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$252M
37
-
147
5
myenergi
(2016, Market Rasen)
Infogrid
(2018, London, $107M)
Voltaware
(2014, London, $3.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Infogrid (2018, London)
$90.0M - Series B - Apr 2023
Kadence (2021, London)
$10.1M - Seed - Oct 2022
Kterio (2020, Warrington)
$10.0M - Series A - Aug 2022

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Fever (2014, London)
$110M - Series E - Jan 2023
Event Ticketing Marketplace - United
Kingdom
22
30
Back to index
Online Event Ticketing (Dice)
(# Cos: 417 | $817M)
Multicategory (Viagogo)
(# Cos: 253 | $556M)
Marketplace (Fever)
(# Cos: 154 | $541M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$110M (▼51.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$541M
20
-
154
2
Fever
(2014, London, $427M)
Viagogo
(2006, London, $65.0M)
Seatwave
(2006, London, $35.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Alternative Credit Card - United
Kingdom
23
31
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$106M (▼43.4%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$609M
8
-
15
4
Payments (Ebury)
(# Cos: 1493 | $14.6B)
Consumer Payments (TreeCard)
(# Cos: 372 | $1.6B)
Payment Cards (Curve)
(# Cos: 182 | $1.4B)
Credit Cards (Capital On Tap)
(# Cos: 25 | $629M)
General Purpose (Zilch)
(# Cos: 15 | $609M)
Zilch
(2018, London, $407M)
Yonder
(2020, London, $43.0M)
Jaja
(2016, London, $60.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Jaja (2016, London)
$48.7M - Series D - Aug 2022
Tymit (2017, London)
$26.2M - Series A - Oct 2022
Yonder (2020, London)
$15.6M - Series A - Apr 2023
KEEBO (2019, London)
$15.0M - Series A - Oct 2022

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
EO Charging (2014, London)
$80.0M - Series B - Feb 2023
Indra (2011, Malvern)
$23.9M - Series B - Mar 2023
Plug In Electric Vehicle Chargers - United
Kingdom
24
32
Back to index
Electric Vehicles (InstaVolt)
(# Cos: 913 | $2.5B)
Charging Solutions (ev.energy)
(# Cos: 203 | $664M)
Plug in Charging (POD Point)
(# Cos: 92 | $289M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$104M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$289M
18
-
92
2
POD Point
(2009, London, $58.4M)
myenergi
(2016, Market Rasen)
EO Charging
(2014, London, $101M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapeutics - United Kingdom
25
33
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$102M (▼51.7%)
3(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.8B
41
7
52
9
Genomics (Nanopore)
(# Cos: 522 | $5.7B)
Applied Genomics (Evonetix)
(# Cos: 302 | $3.2B)
Clinical Genomics (Oxford Immunotec)
(# Cos: 138 | $2.9B)
Therapeutics (Mogrify)
(# Cos: 52 | $1.8B)
Mogrify
(2016, Cambridge, $37.8M)
Silence Therapeutics
(1999, London)
Storm Therapeutics
(2015, Cambridge, $98.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nucleome Therape.. (2019, Headington)
$42.2M - Series A - Oct 2022
Ochre Bio (2019, Oxford)
$30.0M - Series A - Oct 2022
Storm Therapeutics (2015, Cambridge)
$30.0M - Series B - Dec 2022

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Physical Identity Access Management -
United Kingdom
26
34
Back to index
Security & Surveillance Technology (BeeLine)
(# Cos: 971 | $854M)
PIAM (Keyless)
(# Cos: 256 | $407M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$98.2M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$407M
73
2
256
12
Keyless
(2019, London, $12.6M)
B-Secur
(2014, Belfast, $16.0M)
Veridium
(2013, London, $16.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GSS (2021, London)
$45.0M - Series C - Jan 2023
MPCH Labs (2022, London)
$40.0M - Series A - Sep 2022
VoxSmart (2006, London)
$12.0M - Series C - Apr 2023
Facia (2022, London)
$1.2M - Seed - Jul 2023

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Active Noise Cancellation Earbuds -
United Kingdom
27
35
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$96.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$250M
1
-
2
1
Audio Tech (Audiotelligence)
(# Cos: 39 | $353M)
Innovative Audio Devices (MOBILUS Labs)
(# Cos: 23 | $261M)
Active Noise Cancellation (Kokoon
Technology)
(# Cos: 7 | $261M)
Earbuds (Nothing)
(# Cos: 2 | $250M)
Nothing
(2020, London, $250M)
Blissful Silence
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nothing (2020, London)
$96.8M - Series C - Jun 2023

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Robo Advisors for Retirement Planning -
United Kingdom
28
36
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$95.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$370M
1
-
1
1
Investment Tech (IHS Markit)
(# Cos: 3967 | $9.5B)
Wealth Management Platforms (Wagestream)
(# Cos: 464 | $2.0B)
Robo Advisors (Nutmeg)
(# Cos: 35 | $621M)
Employer Enabled (Smart)
(# Cos: 1 | $370M)
Smart
(2014, Eastbourne, $370M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Smart (2014, Eastbourne)
$95.0M - Series E - May 2023

37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Perspectum (2012, Oxford)
$55.0M - Series C - Jan 2023
Caristo (2017, Oxford)
$16.3M - Series A - Apr 2023
Optellum (2015, Oxford)
$14.0M - Series A - Sep 2022
Dxcover (2016, Glasgow)
$9.2M - Series A - Feb 2023
Radiological Image Analysis Software -
United Kingdom
29
37
Back to index
Clinical Labs IT (Encord)
(# Cos: 153 | $537M)
Radiology (Perspectum)
(# Cos: 82 | $268M)
Image Analysis (Kheiron Medical
Technologies)
(# Cos: 67 | $268M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$94.5M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$268M
29
2
67
5
Kheiron Medical Techno..
(2016, London, $27.9M)
Perspectum
(2012, Oxford, $121M)
IXICO
(2004, London)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Risk Management Software - United
Kingdom
30
38
Back to index
GRC Software (OneTrust)
(# Cos: 917 | $3.1B)
Risk Management (Featurespace)
(# Cos: 204 | $417M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$93.8M ( -- )
7( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$417M
59
2
204
8
Featurespace
(2008, Cambridge, $111M)
Coincover
(2018, Cardiff, $41.6M)
GBG
(1989, Chester)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Coincover (2018, Cardiff)
$30.0M - Series B - Feb 2023
Risilience (2021, Cambridge)
$26.0M - Series B - Feb 2023
Datamaran (2014, London)
$13.3M - Series B - Sep 2022
OutThink (2015, London)
$10.6M - Seed - Feb 2023
$10.0M - Seed - Oct 2022
Themis (2018, Guildford)
$3.8M - Seed - Jan 2023
Workscope (2000, Borehamwood)
Undisclosed - Series A - Jun 2023

39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Text to Video - United Kingdom
31
39
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$93.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$160M
4
-
7
1
Video Creation Tools (Metaphysic)
(# Cos: 99 | $299M)
Video Editors (VEED)
(# Cos: 71 | $286M)
Specialized Video Editor (V-Nova)
(# Cos: 29 | $248M)
Text to Video Editor (Synthesia)
(# Cos: 7 | $160M)
Synthesia
(2017, London, $157M)
Immersive Fox
(2021, London, $3.6M)
Yepic
(2019, London)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Synthesia (2017, London)
$90.0M - Series C - Jun 2023
Immersive Fox (2021, London)
$3.6M - Seed - Jul 2023

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Internet First Consumer Loans - United
Kingdom
32
40
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$92.5M (▼69.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$882M
5
1
19
1
Alternative Lending (Clear Score)
(# Cos: 1119 | $10.7B)
Online Lenders (Funding Circle)
(# Cos: 787 | $9.7B)
Consumer Loans (SalaryFinance)
(# Cos: 391 | $4.2B)
Diversified (Smart Lenders Asset
Management)
(# Cos: 53 | $884M)
Direct Lender (Zopa)
(# Cos: 19 | $882M)
Zopa
(2005, London, $882M)
Amigo Loans
(2005, Bournemouth)
Oplo
(2009, Blackpool)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zopa (2005, London)
$92.5M - Series H - Feb 2023

41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Electric Truck Manufacturers - United
Kingdom
33
41
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$89.7M (▼78.3%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$551M
4
-
5
3
Electric Vehicles (ev.energy)
(# Cos: 913 | $2.5B)
Automaker (Tevva)
(# Cos: 308 | $816M)
Commercial Vehicles (Arrival)
(# Cos: 32 | $725M)
Trucks (Volta Trucks)
(# Cos: 5 | $551M)
Volta Trucks
(2019, London, $374M)
Tevva
(2013, Chelmsford, $143M)
HV Systems
(2017, Glasgow, $34.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volta Trucks (2019, London)
$62.3M - Series C - Nov 2022
HV Systems (2017, Glasgow)
$27.3M - Series A - Sep 2022
Lunaz (2020, Towcester)
Undisclosed - Seed - Aug 2022

42. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Risk Management Solutions - United
Kingdom
34
42
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$88.3M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$201M
22
-
75
7
RegTech (Quantexa)
(# Cos: 627 | $4.6B)
Risk Management (OakNorth)
(# Cos: 166 | $2.0B)
Risk Type (OpenGamma)
(# Cos: 153 | $2.0B)
Diversified (Access Fintech)
(# Cos: 75 | $201M)
Access Fintech
(2016, London, $97.5M)
Nivo
(2017, Wilmslow, $3.8M)
FNA
(2013, London, $5.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Access Fintech (2016, London)
$60.0M - Series C - Sep 2022
Acin (2010, London)
$24.0M - Series B - Dec 2022
Intelligent AI (2020, Exeter)
$616K - Seed - Mar 2023
$2.4M - Seed - Dec 2022
Nivo (2017, Wilmslow)
$1.2M - Series A - Dec 2022

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Superconducting Quantum Computer -
United Kingdom
35
43
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$87.9M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$173M
3
-
3
2
Quantum Computing (Riverlane)
(# Cos: 53 | $447M)
Quantum Hardware (ORCA)
(# Cos: 14 | $219M)
Computers (Oxford Ionics)
(# Cos: 5 | $178M)
Universal Quantum (Universal Quantum)
(# Cos: 4 | $178M)
Superconducting Qubit (Quantum
Circuits Limited)
(# Cos: 3 | $173M)
Quantum Circuits Limited
(2007, Oxford, $50.2M)
Oxford Ionics
(2019, Harrogate, $48.4M)
Quantum Motion
(2017, Oxford, $74.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantum Motion (2017, Oxford)
$50.5M - Series B - Feb 2023
Oxford Ionics (2019, Harrogate)
$36.3M - Series A - Jan 2023
Quantum Circuits Lim.. (2007, Oxford)
$1.1M - Series A - Feb 2023

44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Non-Invasive CGM Devices - United
Kingdom
36
44
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Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$86.6M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$86.7M
6
-
12
0
Diabetes (Thriva)
(# Cos: 63 | $215M)
Medical Devices (Cellnovo)
(# Cos: 42 | $157M)
Monitoring Devices (Osler Diagnostics)
(# Cos: 31 | $95.9M)
CGM (Nemaura Medical)
(# Cos: 16 | $89.7M)
Non-Invasive (Transdermal Diagnostics)
(# Cos: 12 | $86.7M)
Transdermal Diagnostics
(2021, Bath, $920K)
Osler Diagnostics
(2017, Oxford, $85.0M)
Span Health
(2018, London)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Osler Diagnostics (2017, Oxford)
$85.0M - Series C - Nov 2022
Transdermal Diagnostics (2021, Bath)
$920K - Seed - Sep 2022
Afon Technology (2015, Chepstow)
$709K - Seed - Nov 2022

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Complement Therapeut.. (2020,
London)
$79.1M - Series A - Apr 2023
Retinal Disorder Drugs - United Kingdom
37
45
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Ophthalmology (Rayner)
(# Cos: 63 | $640M)
Drugs (Gyroscope)
(# Cos: 20 | $562M)
Retinal Disorders (Complement
Therapeutics)
(# Cos: 6 | $153M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$79.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$153M
3
-
6
1
Complement Therapeutics
(2020, London, $84.8M)
EyeBio
(2021, London, $65.0M)
Novai
(2019, London, $3.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Green Utilities - United Kingdom
38
46
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Smart Grid (OVO Energy)
(# Cos: 227 | $3.1B)
Green Utilities (Octopus Energy)
(# Cos: 5 | $2.5B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$78.0M (▼94.8%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.5B
4
-
5
2
Octopus Energy
(2015, London, $2.0B)
OVO Energy
(2009, Bristol, $258M)
Bulb
(2014, London, $91.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tesseract (2022, London)
$78.0M - Series A - Sep 2022
Octopus Energy (2015, London)
Undisclosed - Series F - Sep 2022

47. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Risk Management for Capital Markets -
United Kingdom
39
47
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$72.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$509M
38
1
78
10
Investment Tech (IHS Markit)
(# Cos: 3967 | $9.5B)
Capital Market IT (ION Group)
(# Cos: 266 | $1.2B)
Trade Management (Finastra)
(# Cos: 249 | $1.1B)
Risk and Compliance
Management (OpenGamma)
(# Cos: 78 | $509M)
OpenGamma
(2009, London, $74.9M)
AcadiaSoft
(2005, Pembroke, $58.3M)
FundApps
(2010, London, $7.8K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Access Fintech (2016, London)
$60.0M - Series C - Sep 2022
VoxSmart (2006, London)
$12.0M - Series C - Apr 2023
TradingHub (2010, London)
Undisclosed - Seed - Jun 2023

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Clinical Decision Support Systems -
United Kingdom
40
48
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$71.8M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$162M
15
1
53
2
Healthcare IT (Birdie)
(# Cos: 2470 | $3.6B)
Provider (Encord)
(# Cos: 1791 | $1.4B)
Clinical Operations (Kheiron Medical
Technologies)
(# Cos: 375 | $751M)
Decision Support (AccuRx)
(# Cos: 350 | $748M)
Suite Solutions (Perspectum)
(# Cos: 53 | $162M)
Perspectum
(2012, Oxford, $121M)
Cyted
(2018, Cambridge, $16.8M)
Feedback Medical
(2001, Cambridge)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Perspectum (2012, Oxford)
$55.0M - Series C - Jan 2023
Cyted (2018, Cambridge)
$16.8M - Series A - May 2023

49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Life Science Data Mining - United
Kingdom
41
49
Back to index
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$70.7M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$103M
7
-
14
2
Life Sciences Tech (Dotmatics)
(# Cos: 449 | $1.9B)
Research & Development (Benevolent)
(# Cos: 358 | $1.9B)
Drug Informatics (PharmEnable)
(# Cos: 95 | $127M)
Scientific Literature (Antiverse)
(# Cos: 47 | $105M)
Data Mining (Causaly)
(# Cos: 14 | $103M)
Causaly
(2017, London, $93.0M)
Antiverse
(2017, Cardiff, $5.0M)
Kudos
(2013, Oxford, $2.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Causaly (2017, London)
$60.0M - Series B - Jul 2023
$7.7M - Series A - Oct 2022
Antiverse (2017, Cardiff)
$3.0M - Seed - Mar 2023

50. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Tenpoint Therapeu.. (2020, Cambridge)
$70.0M - Series A - Jul 2023
Ophthalmology Drugs - United Kingdom
42
50
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Ophthalmology (Gyroscope)
(# Cos: 63 | $640M)
Drugs (Complement Therapeutics)
(# Cos: 20 | $562M)
Diversified (Tenpoint Therapeutics)
(# Cos: 1 | $70.0M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$70.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$70.0M
1
-
1
1
Tenpoint Therapeutics
(2020, Cambridge, $70.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
What3words (2013, London)
$65.8M - Series C - Oct 2022
Geonavigation - United Kingdom
43
51
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Geographic Information Systems (Zap-Map)
(# Cos: 315 | $602M)
Positioning & Navigation (BeeLine)
(# Cos: 73 | $357M)
Navigation (What3words)
(# Cos: 30 | $235M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$65.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$235M
11
-
30
1
What3words
(2013, London, $223M)
BeeLine
(2014, London, $2.8M)
Dent Reality
(2018, London, $3.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Tractable (2014, London)
$65.0M - Series E - Jul 2023
Ravin (2018, London)
Undisclosed - Series B - May 2023
Vehicle Inspection Software - United
Kingdom
44
52
Back to index
Auto IT (MotorK)
(# Cos: 266 | $265M)
Diversified (Ravin)
(# Cos: 17 | $234M)
Vehicle Inspection (Tractable)
(# Cos: 14 | $234M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$65.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$234M
5
-
14
3
Tractable
(2014, London, $185M)
Ravin
(2018, London, $30.0M)
Autologic
(1999, Oxford, $5.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Pulmocide (2013, London)
$52.0M - Series C - Dec 2022
Pneumagen (2016, St Andrews)
$10.0M - Series A - Jun 2023
Drugs for Lung Infections - United
Kingdom
45
53
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Pulmonology (Circassia Pharmaceuticals)
(# Cos: 64 | $883M)
Drugs (Enterprise Therapeutics)
(# Cos: 28 | $561M)
Lung Infections (ReViral)
(# Cos: 4 | $345M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$62.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$345M
3
-
4
1
ReViral
(2011, London, $121M)
Pneumagen
(2016, St Andrews, $18.3M)
Pulmocide
(2013, London, $205M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Subscription Based Grocery Delivery -
United Kingdom
46
54
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Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$59.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$70.6M
2
-
5
1
Online Grocery (Snappy Shopper)
(# Cos: 1524 | $4.2B)
B2C Ecommerce (Gousto)
(# Cos: 1348 | $4.0B)
Multi Category (Ocado)
(# Cos: 379 | $3.2B)
Retailer (Deliveroo)
(# Cos: 279 | $3.2B)
Subscription (The Modern Milkman)
(# Cos: 5 | $70.6M)
The Modern Milkman
(2018, Burnley, $68.9M)
Good Club
(2018, London, $1.7M)
Doorstep Dairy
(2002, Lancaster)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
The Modern Milkman (2018, Burnley)
$59.4M - Series C - Nov 2022

55. United Kingdom Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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United Kingdom Tech - Top Business Models Report
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