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1. TRACXN TOP BUSINESS MODELS REPORT
January 18, 2022
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 $4.3B
Banking Tech $4.1B
Alternative Lending $2.2B
HRTech $1.9B
Cybersecurity $1.7B
NewSpace $1.5B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Seedcamp
SFC Capital
33
18
18
Early
Stage
Business Growth Fund
Mercia
Octopus Ventures
23
21
16
Late
Stage
SoftBank Vision Fund
Temasek
BlackRock
15
10
8
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Checkout
(2012, )
$1.0B - Series D
SumUp
(2012, )
$895M - Series D
Revolut
(2015, )
$800M - Series E
Celsius Network
(2017, )
$750M - Series B
CMR Surgical
(2014, )
$600M - Series D
OneWeb
(2012, )
$550M - Series F
OneWeb
(2012, )
$500M - Series F
Jobandtalent
(2009, )
$500M - Series E
Monzo
(2015, )
$475M - Series H
Hopin
(2019, )
$450M - Series D
Global Processing Serv..
(2007, )
$400M - Series D
MarketFinance
(2011, )
$383M - Series C
London (71%)
Cambridge (5%)
Oxford (4%)
Dublin (3%)
Reading (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<> 0 Digital Native Banks $2.1B 11 Revolut | $800M | Series E Link
2▲8 Satellite Communication Services $1.4B 3 OneWeb | $550M | Series F Link
3▲4 Business Payments Solutions $1.2B 11 Checkout | $1.0B | Series D Link
4-- POS Payment Terminals $895M 1 SumUp | $895M | Series D Link
5▲70 Crypto Financial Services $812M 11 Celsius Network | $750M | Series B Link
6▲64 Payment Card Issuer Processors $677M 3 Global Proces.. | $400M | Series D Link
7▲21 On Demand Staffing Platform $619M 2 Jobandtalent | $500M | Series E Link
8▲59 Internet First Business Loans Marketplace $609M 2 MarketFinance | $383M | Series C Link
9▲7 Security Testing $600M 2 Snyk | $300M | Series E Link
10-- Surgical Robots $600M 1 CMR Surgical | $600M | Series D 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<> 0 Drugs for Multiple Cancer Types $572M 17 Vaccitech | $168M | Series B Link
12▼8 Virtual Events $450M 2 Hopin | $450M | Series D Link
13▲201 P2P Wallet Remittance $357M 3 Zepz | $292M | Series E Link
14▲49 Cheminformatics Software $351M 4 Exscientia | $225M | Series D Link
15▲20 Internet First Pet Insurers $350M 1 Bought By Many | $350M | Series D Link
16▲36 Open Banking APIs for Payments $343M 9 TrueLayer | $130M | Series E Link
17▲360 Corporate Travel Expense Management $315M 5 Soldo | $180M | Series C Link
18▲414 Corporate Travel & Expense Cards $315M 5 Soldo | $180M | Series C Link
19▲69 Credit Card Based Point of Sale Financing $300M 3 Zilch | $110M | Series B Link
20-- Patent Analytics & Management $300M 1 PatSnap | $300M | 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 © 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▼3 Genomic Sequencing Instruments $286M 2 Nanopore | $271M | Series H Link
22▼2 Nucleic Acid Sequencing Equipment $286M 2 Nanopore | $271M | Series H Link
23▼4 Nano Based DNA Sequencing $271M 1 Nanopore | $271M | Series H Link
24-- Financial Fraud $260M 2 Feedzai | $200M | Series D Link
25-- Banking Software Suite $257M 3 10x | $187M | Series C Link
26-- Traditional Data Integration $250M 2 Matillion | $150M | Series E Link
27-- Hemodialyzers $245M 1 Quanta | $245M | Series D Link
28▼4 Gene Therapy Drugs $241M 8 Gyroscope | $148M | Series C Link
29▲8 Autonomous Cars $238M 6 Wayve | $200M | Series B Link
30-- Ophthalmology Drugs $238M 5 Gyroscope | $148M | 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▼25 Data Privacy $236M 6 OneTrust | $210M | Series C Link
32-- Pension Management $229M 1 Smart Pension | $229M | Series D Link
33▲78 Open Banking Aggregation APIs $220M 4 TrueLayer | $130M | Series E Link
34▼29 Data Privacy Management Platforms $216M 4 OneTrust | $210M | Series C Link
35▲58 Financial Fraud Detection $200M 1 Feedzai | $200M | Series D Link
36▼13 Core Banking Platforms $200M 1 Thought Machine | $200M | Series C Link
37-- Fraud Detection Solutions for Banks $200M 1 Feedzai | $200M | Series D Link
38▲446 Payment Fraud Monitoring Solutions $200M 1 Feedzai | $200M | Series D Link
39▼10 Life Sciences Research Services $200M 12 Evox Therape.. | $96.0M | Series C Link
40▲7 Open Banking API Providers $193M 9 Railsbank | $70.0M | 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 © 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-- Internet First Corporate Prepaid Expense Cards $180M 1 Soldo | $180M | Series C Link
42-- Blockchain Networks $178M 10 1inch | $175M | Series B Link
43▲151 Apprenticeships $174M 2 Multiverse | $130M | Series C Link
44▼27 Anti Money Laundering Software $173M 4 Quantexa | $154M | Series D Link
45▼2 Neuro Psychiatric Disorder Drugs $171M 3 GH Research | $125M | Series B Link
46-- Plastic Waste Recyclers $168M 1 Plastic Energy | $168M | Series A Link
47▼1 White label Telehealth Platform $164M 3 LetsGetChecked | $150M | Series D Link
48▲154 Hotel Revenue Management Software $159M 2 OTA Insight | $80.0M | Series B Link
49▲9 AML Solutions $154M 1 Quantexa | $154M | Series D Link
50-- Salon Booking Platforms $153M 2 Fresha | $100M | 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 © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Digital Native Banks - UK & Ireland
01
9
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$2.1B (▲92.5%)
11(▲22.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.1B
7
-
12
5
Banking Tech (Onfido)
(# Cos: 713 | $11.8B)
Internet First Banks (Starling Bank)
(# Cos: 166 | $6.8B)
Digital Native Banks (Monzo)
(# Cos: 30 | $6.3B)
Diversified (Revolut)
(# Cos: 12 | $5.1B)
Revolut
(2015, $2.1B)
Monzo
(2015, $1.2B)
Starling Bank
(2014, $892M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Revolut (2015)
$800M - Series E - Jul 2021
Monzo (2015)
$475M - Series H - Dec 2021
Starling Bank (2014)
$376M - Series D - Mar 2021
Allica Bank (2017)
$147M - Series B - Nov 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
View all 11 Funding Rounds on Tracxn Platform

10. 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)
$300M - Series F - Aug 2021
Satellite Communication Services - UK &
Ireland
02
10
Back to index
NewSpace (Isotropic Systems)
(# Cos: 108 | $5.3B)
Space Services (Inmarsat)
(# Cos: 37 | $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
$1.4B (▲200%)
3( <> 0% )
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.

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Checkout (2012)
$1.0B - Series D - Jan 2022
DNA Payments (2018)
$141M - Series D - Jun 2021
Pomelo Pay (2017)
$10.0M - Series A - Nov 2021
UNIPaaS (2008)
$10.0M - Series A - Feb 2021
Nomod (2019)
$3.4M - Seed - Nov 2021
KodyPay (2018)
$3.3M - Seed - Jun 2021
DigiDoe (2019)
$1.2M - Seed - Jan 2022
View all 11 Funding Rounds on Tracxn Platform
Business Payments Solutions - UK &
Ireland
03
11
Back to index
Payments (Featurespace)
(# Cos: 1201 | $8.5B)
Business Payments (SumUp)
(# Cos: 704 | $4.0B)
Diversified (Checkout)
(# Cos: 116 | $2.0B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$1.2B (▲93.2%)
11(▲120%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$2.0B
29
-
116
6
Checkout
(2012, $1.8B)
Paymentsense Secure Trading
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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
3
$957M
6
-
50
2
Payments (Featurespace)
(# Cos: 1201 | $8.5B)
Business Payments (Checkout)
(# Cos: 704 | $4.0B)
POS Payments (Miura Systems)
(# Cos: 73 | $963M)
POS Payment Terminal (SumUp)
(# Cos: 50 | $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
Celsius Network (2017)
$750M - Series B - Oct 2021
Invstr (2013)
$20.0M - Series A - Mar 2021
Reef (2020)
$20.0M - Series A - Mar 2021
Qredo (2012)
$11.0M - Seed - May 2021
Sovryn (2020)
$9.0M - Series A - Apr 2021
Krystal (2021)
$6.6M - Seed - Aug 2021
Scallop (2019)
$2.5M - Seed - Aug 2021
View all 11 Funding Rounds on Tracxn Platform
Crypto Financial Services - UK & Ireland
05
13
Back to index
Cryptocurrencies (Luno)
(# Cos: 1852 | $1.9B)
Financial Services (Celsius Network)
(# Cos: 1232 | $1.4B)
Diversified (Uphold)
(# Cos: 95 | $972M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$812M (▲1570%)
11(▲37.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$972M
22
-
95
8
Uphold
(2015, $73.4M)
Celsius Network
(2017, $780M)
Spectro Coin
(2013, $110K)
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
Global Processing Services (2007)
$400M - Series D - Oct 2021
PPRO (2006)
$270M - Series D - Jan 2021
Monavate (2019)
$6.9M - Seed - Mar 2021
Payment Card Issuer Processors - UK &
Ireland
06
14
Back to index
Payments (Checkout)
(# Cos: 1201 | $8.5B)
Enablers (Featurespace)
(# Cos: 196 | $3.0B)
Issuer Processor (PPRO)
(# Cos: 24 | $875M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$677M (▲1254%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$875M
11
1
24
4
PPRO
(2006, $370M)
Worldpay
(1993, $18.0M)
Global Processing Serv..
(2007, $458M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
On Demand Staffing Platform - UK &
Ireland
07
15
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
$619M (▲439%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$911M
4
-
15
2
HRTech (Adzuna)
(# Cos: 3629 | $4.8B)
Contract Workforce Recruitment (Patchwork)
(# Cos: 64 | $982M)
On Demand Staffing Platform (Tempo)
(# Cos: 27 | $926M)
Industry Specific (Rota)
(# Cos: 25 | $926M)
Multi Industry (Jobandtalent)
(# Cos: 15 | $911M)
Jobandtalent
(2009, $900M)
Tempo
(2017, $10.1M)
RedWigWam
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Jobandtalent (2009)
$500M - Series E - Dec 2021
Jobandtalent (2009)
$119M - Series D - Mar 2021

16. 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
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
$609M (▲1065%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$726M
9
-
45
5
Alternative Lending (Clear Score)
(# Cos: 1056 | $8.7B)
Online Lenders (SalaryFinance)
(# Cos: 747 | $8.0B)
Business Loans (Previse)
(# Cos: 250 | $4.0B)
Diversified (FUNDING XCHANGE)
(# Cos: 63 | $726M)
Marketplace (ThinCats)
(# Cos: 45 | $726M)
ThinCats
(2010, $226M)
FUNDING XCHANGE
(2014, $12.4M)
CreditEnable
(2016, $8.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MarketFinance (2011)
$383M - Series C - Sep 2021
ThinCats (2010)
$226M - Series D - Jun 2021

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015)
$300M - Series E - Mar 2021
Snyk (2015)
$300M - Series F - Sep 2021
Security Testing - UK & Ireland
09
17
Back to index
Software Testing Tools (Spirent)
(# Cos: 148 | $1.3B)
Testing Types (Veracode)
(# Cos: 58 | $1.2B)
Security Testing (Snyk)
(# Cos: 15 | $1.2B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$600M (▲200%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
6
-
15
1
Snyk
(2015, $1.1B)
Veracode
(2006, $107M)
Uleska
(2016, $414K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. 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
10
18
Back to index
Professional Service Robots (Rovco)
(# Cos: 104 | $1.1B)
Healthcare (Akara Robotics)
(# Cos: 13 | $1.0B)
Surgery (CMR Surgical)
(# Cos: 6 | $1.0B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$600M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.0B
4
-
6
1
CMR Surgical
(2014, $1.0B)
Freehand Surgeon
(1996, $1.2M)
Freehand
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
Vaccitech (2016)
$168M - Series B - Mar 2021
Artios Pharma (2015)
$153M - Series C - Jul 2021
Touchlight (2008)
$58.4M - Series B - Mar 2021
Amphista Therapeutics (2018)
$53.0M - Series B - Mar 2021
Iksuda Therapeutics (2012)
$47.0M - Series A - Jun 2021
Mestag Therapeutics (2020)
$34.0M - Seed - Aug 2021
ONK Therapeutics (2015)
$21.5M - Series A - Jan 2022
View all 17 Funding Rounds on Tracxn Platform
Drugs for Multiple Cancer Types - UK &
Ireland
11
19
Back to index
Oncology (Oxford Immunotec)
(# Cos: 289 | $5.0B)
Drugs (Immunocore)
(# Cos: 179 | $4.3B)
Diversified (Replimune)
(# Cos: 142 | $3.3B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$572M (▲36.8%)
17(▲13.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$3.3B
104
21
142
13
Replimune
(2015, $87.0M)
Immunocore
(2008, $525M)
Achilles Therapeutics
(2016, $242M)
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
Virtual Events - UK & Ireland
12
20
Back to index
Events Tech (Grip)
(# Cos: 610 | $1.2B)
Online Events (Hopin)
(# Cos: 54 | $1.1B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$450M (▼33.2%)
2(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
5
-
54
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)
Undisclosed - Series C - Jun 2021

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
P2P Wallet Remittance - 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
$357M (▲2573%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$499M
11
-
62
4
Remittance (WorldRemit)
(# Cos: 507 | $2.5B)
Internet First Platforms (Wise)
(# Cos: 418 | $2.3B)
P2P Remittance (Azimo)
(# Cos: 265 | $2.1B)
Wallet Transfer (Uphold)
(# Cos: 62 | $499M)
Uphold
(2015, $73.4M)
Skrill Zepz
(2010, $292M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zepz (2010)
$292M - Series E - Aug 2021
Taptap Send (2017)
$65.0M - Series B - Dec 2021
Taptap Send (2017)
Undisclosed - Series A - Jun 2021

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Cheminformatics Software - 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
$351M (▲484%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$564M
15
2
30
1
Life Sciences Tech (Dotmatics)
(# Cos: 439 | $2.0B)
Research & Development (BenevolentAI)
(# Cos: 339 | $1.9B)
Drug Discovery (Oxford Drug Design)
(# Cos: 95 | $868M)
Cheminformatics (Exscientia)
(# Cos: 30 | $564M)
Exscientia
(2012, $429M)
Oxford Drug Design
(2001, $7.3M)
PostEra
(2019, $26.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Exscientia (2012)
$225M - Series D - Apr 2021
Exscientia (2012)
$100M - Series C - Mar 2021
PostEra (2019)
$26.1M - Series A - Jan 2022
Optibrium (2009)
Undisclosed - Seed - Feb 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 (Cuvva)
(# Cos: 456 | $3.1B)
Internet First Insurers (HomeTree)
(# Cos: 174 | $1.9B)
P&C (Zego)
(# Cos: 151 | $1.7B)
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
TrueLayer (2016)
$130M - Series E - Sep 2021
TrueLayer (2016)
$70.0M - Series D - Apr 2021
Yapily (2017)
$51.0M - Series B - Jul 2021
Primer (2020)
$50.0M - Series B - Oct 2021
Moneyhub Enterprise (2011)
$18.0M - Angel - Jul 2021
Token (2015)
$15.0M - Series B - Jan 2021
Weavr (2018)
$5.6M - Seed - Jul 2021
View all 9 Funding Rounds on Tracxn Platform
Open Banking APIs for Payments - UK &
Ireland
16
24
Back to index
Payments (Checkout)
(# Cos: 1201 | $8.5B)
Enablers (Featurespace)
(# Cos: 196 | $3.0B)
Open Banking APIs (TrueLayer)
(# Cos: 39 | $551M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$343M (▲376%)
9( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$551M
20
-
39
10
TrueLayer
(2016, $273M)
Yapily
(2017, $70.8M)
Fractal Labs
(2014, $1.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Soldo (2014)
$180M - Series C - Jul 2021
Payhawk (2018)
$112M - Series B - Nov 2021
Payhawk (2018)
$20.0M - Series A - Apr 2021
Caxton FX (2002)
$2.0M - Seed - Nov 2021
Expend (2015)
$713K - Seed - May 2021
Corporate Travel Expense Management
- UK & Ireland
17
25
Back to index
Online Travel (Trainline)
(# Cos: 1479 | $3.2B)
Corporate Travel (Soldo)
(# Cos: 70 | $422M)
Expense Management (Payhawk)
(# Cos: 47 | $401M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$315M (▲6195%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$401M
10
-
47
2
Payhawk
(2018, $136M)
Soldo
(2014, $258M)
WebExpenses
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
Corporate Travel & Expense Cards - UK
& Ireland
18
26
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$315M (▲8643%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$399M
5
-
12
2
Finance & Accounting Tech (Sage Group)
(# Cos: 1212 | $2.1B)
Accounting Solutions (FreeAgent)
(# Cos: 757 | $1.5B)
Procure to Pay (Proactis)
(# Cos: 116 | $518M)
Travel & Expense (Soldo)
(# Cos: 55 | $401M)
Card Solutions (Payhawk)
(# Cos: 12 | $399M)
Payhawk
(2018, $136M)
Soldo
(2014, $258M)
Expend
(2013, $2.1M)
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)
$112M - Series B - Nov 2021
Payhawk (2018)
$20.0M - Series A - Apr 2021
Caxton FX (2002)
$2.0M - Seed - Nov 2021
Expend (2015)
$713K - Seed - May 2021

27. 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
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
$300M (▲650%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$345M
2
-
2
2
Payments (Checkout)
(# Cos: 1201 | $8.5B)
Consumer Payments (Pockit)
(# Cos: 298 | $1.6B)
Payment Cards (Curve)
(# Cos: 159 | $1.3B)
Credit Cards (Capital On Tap)
(# Cos: 15 | $409M)
General Purpose (Tymit)
(# Cos: 9 | $409M)
Point of Sale Financing (Zilch)
(# Cos: 2 | $345M)
Zilch
(2018, $340M)
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)
$110M - Series C - Nov 2021
Zilch (2018)
$80.0M - Series B - Apr 2021

28. 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
20
28
Back to index
Legal Tech (Farewill)
(# Cos: 620 | $955M)
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)
Deltasight
(2011, $378K)
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
Genomic Sequencing Instruments - 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
$286M (▲67.9%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
3
1
9
1
Genomics (Hologic)
(# Cos: 501 | $5.1B)
Enabling Technologies (Sixfold Bioscience)
(# Cos: 113 | $1.9B)
Instrument Systems (Genedrive)
(# Cos: 26 | $1.5B)
Nucleic Acid Analysis (QuantuMDx)
(# Cos: 18 | $1.5B)
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
QuantuMDx (2008)
$15.2M - Series C - Mar 2021

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Nucleic Acid Sequencing Equipment - 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
$286M (▲67.9%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
5
1
6
1
Life Sciences Platforms and Tools (Horizon Discovery)
(# Cos: 739 | $4.4B)
Instruments (M Squared)
(# Cos: 180 | $1.6B)
Genomics (QuantuMDx)
(# Cos: 19 | $1.4B)
Nucleic Acid Sequencing
(Nanopore)
(# Cos: 6 | $1.3B)
Nanopore
(2005, $1.3B)
QuantuMDx
(2008, $38.1M)
HelixNano
(2013, $120K)
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
QuantuMDx (2008)
$15.2M - Series C - Mar 2021

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Nano Based DNA Sequencing - 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
$271M (▲59%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
3
1
4
0
Nanotechnology (Arecor)
(# Cos: 206 | $1.8B)
Nanotools (M Squared)
(# Cos: 37 | $1.4B)
Genomics (Silence Therapeutics)
(# Cos: 8 | $1.3B)
DNA Sequencing (Nanopore)
(# Cos: 4 | $1.3B)
Nanopore
(2005, $1.3B)
HelixNano
(2013, $120K)
Base4
(2006, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanopore (2005)
$271M - Series H - May 2021

32. 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
Elliptic (2014)
$60.0M - Series C - Oct 2021
Financial Fraud - UK & Ireland
24
32
Back to index
Cybersecurity (Onfido)
(# Cos: 1254 | $6.3B)
Anti Fraud (Elliptic)
(# Cos: 124 | $750M)
Financial Fraud (Featurespace)
(# Cos: 77 | $654M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$260M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$654M
21
-
77
9
Featurespace
(2008, $111M)
Elliptic
(2014, $104M)
Feedzai
(2009, $282M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - UK & Ireland
25
33
Back to index
Banking Tech (Revolut)
(# Cos: 713 | $11.8B)
Banking Software Suite (Finastra)
(# Cos: 59 | $375M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$257M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$375M
12
-
59
2
Finastra FintechOS
(2017, $86.0M)
10x
(2016, $286M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
10x (2016)
$187M - Series C - Jun 2021
FintechOS (2017)
$60.0M - Series B - Apr 2021
FintechOS (2017)
$10.0M - Series B - Aug 2021

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Traditional Data Integration - 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
$250M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$310M
3
-
11
1
Business Intelligence (Arria)
(# Cos: 393 | $574M)
Data Preparation (Boxever)
(# Cos: 71 | $403M)
Integration (Import.io)
(# Cos: 29 | $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

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

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapy Drugs - 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
$241M (▲98.4%)
8(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.4B
31
7
43
4
Genomics (Nanopore)
(# Cos: 501 | $5.1B)
Applied Genomics (Oxford Immunotec)
(# Cos: 280 | $2.8B)
Clinical Genomics (Hologic)
(# Cos: 119 | $2.6B)
Therapeutics (Gyroscope)
(# Cos: 43 | $1.4B)
Gyroscope
(2016, $255M)
Silence Therapeutics Storm Therapeutics
(2015, $68.3M)
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
Gyroscope (2016)
$40.0M - Series C - Nov 2021
Mogrify (2016)
$17.0M - Series A - May 2021
MiNA Therapeutics (2008)
$15.0M - Series A - Jul 2021
Phico Therapeutics (2000)
$9.9M - Series A - May 2021
Ochre Bio (2019)
$9.6M - Seed - Jun 2021
Senisca (2020)
$1.8M - Seed - Mar 2021
View all 8 Funding Rounds on Tracxn Platform

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Wayve (2017)
$200M - Series B - Jan 2022
Oxbotica (2014)
$13.8M - Series B - Apr 2021
Wayve (2017)
$13.6M - Series B - Oct 2021
Eatron (2017)
$11.0M - Series A - Nov 2021
Wayve (2017)
Undisclosed - Series A - Mar 2021
Oxbotica (2014)
Undisclosed - Series B - Oct 2021
Autonomous Cars - UK & Ireland
29
37
Back to index
Autonomous Vehicles (Oxbotica)
(# Cos: 52 | $260M)
Self Driving Technology (Wayve)
(# Cos: 20 | $234M)
Cars (FiveAI)
(# Cos: 12 | $230M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$238M (▲160%)
6(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$230M
8
1
12
4
FiveAI
(2015, $77.0M)
Wayve
(2017, $60.0M)
Oxbotica
(2014, $80.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Ophthalmology Drugs - UK & Ireland
30
38
Back to index
Ophthalmology (Rayner)
(# Cos: 64 | $420M)
Drugs (Gyroscope)
(# Cos: 18 | $342M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$238M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$342M
13
2
18
2
Gyroscope
(2016, $255M)
Oxular
(2014, $57.5M)
Exonate
(2013, $4.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gyroscope (2016)
$148M - Series C - Mar 2021
Gyroscope (2016)
$40.0M - Series C - Nov 2021
Oxular (2014)
$37.0M - Series B - Mar 2021
Transine Therapeutics (2020)
$12.9M - Seed - Jun 2021
NanOptima (2016)
Undisclosed - Seed - Mar 2021

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OneTrust (2016)
$210M - Series C - Apr 2021
Nym (2018)
$13.0M - Series A - Nov 2021
Nym (2018)
$6.5M - Series A - Jul 2021
Dataships (2018)
$3.1M - Seed - Sep 2021
QueryLayer (2019)
$2.3M - Seed - Dec 2021
Oblivious (2020)
$1.1M - Seed - Sep 2021
Data Privacy - UK & Ireland
31
39
Back to index
Cybersecurity (Onfido)
(# Cos: 1254 | $6.3B)
Data Security (Privitar)
(# Cos: 320 | $1.6B)
Data Privacy (OneTrust)
(# Cos: 49 | $1.1B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$236M (▼61.2%)
6(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
12
-
49
4
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Nym
(2018, $22.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Pension Management - UK & Ireland
32
40
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$229M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$489M
2
-
4
2
HRTech (Adzuna)
(# Cos: 3628 | $4.7B)
Employee Benefits (Quit Genius)
(# Cos: 209 | $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)
AdviceBridge
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

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
TrueLayer (2016)
$130M - Series E - Sep 2021
TrueLayer (2016)
$70.0M - Series D - Apr 2021
Moneyhub Enterprise (2011)
$18.0M - Angel - Jul 2021
Sikoia (2021)
$2.3M - Seed - Aug 2021
Open Banking Aggregation APIs - UK &
Ireland
33
41
Back to index
Banking Tech (Revolut)
(# Cos: 713 | $11.8B)
Open Banking (Railsbank)
(# Cos: 93 | $1.0B)
Aggregation APIs (TrueLayer)
(# Cos: 39 | $346M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$220M (▲562%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$346M
17
-
39
7
TrueLayer
(2016, $273M)
Fractal Labs
(2014, $1.5M)
Bud
(2015, $22.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Data Privacy Management Platforms -
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
$216M (▼64.7%)
4(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.1B
20
-
95
3
GRC Software (Featurespace)
(# Cos: 828 | $3.2B)
Compliance (Onfido)
(# Cos: 521 | $2.8B)
IT Compliance (Sysnet Global Solutions)
(# Cos: 112 | $1.4B)
Data Privacy (OneTrust)
(# Cos: 95 | $1.1B)
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Hazy
(2017, $2.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016)
$210M - Series C - Apr 2021
Dataships (2018)
$3.1M - Seed - Sep 2021
QueryLayer (2019)
$2.3M - Seed - Dec 2021
Oblivious (2020)
$1.1M - Seed - Sep 2021

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
-
$400M
3
-
3
3
Big Data Analytics (AMPLYFI)
(# Cos: 209 | $1.1B)
Industry Solutions (Concirrus)
(# Cos: 55 | $741M)
BFSI (Feedzai)
(# Cos: 19 | $504M)
Fraud Prevention (Featurespace)
(# Cos: 3 | $400M)
Featurespace
(2008, $111M)
Feedzai
(2009, $282M)
Salviol
(2009, $7.3M)
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
Core Banking Platforms - UK & Ireland
36
44
Back to index
Banking Tech (Revolut)
(# Cos: 713 | $11.8B)
Core Banking Platforms (Thought Machine)
(# Cos: 20 | $349M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M (▲60%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$349M
2
-
20
1
Thought Machine
(2014, $349M)
ICS Financial Systems Misys
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Thought Machine (2014)
$200M - Series C - Sep 2021

45. 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
37
45
Back to index
Banking Tech (Revolut)
(# Cos: 713 | $11.8B)
RegTech (Onfido)
(# Cos: 110 | $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.

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Payment Fraud Monitoring Solutions -
UK & Ireland
38
46
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M (▲7562%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$380M
9
-
33
5
Payments (Checkout)
(# Cos: 1201 | $8.5B)
Enablers (PPRO)
(# Cos: 196 | $3.0B)
Payment Security (Featurespace)
(# Cos: 55 | $559M)
Payment Fraud Detection
(Feedzai)
(# Cos: 33 | $380M)
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

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Evox Therapeutics (2016)
$96.0M - Series C - Feb 2021
Owlstone Medical (2004)
$59.0M - Series D - Sep 2021
Mogrify (2016)
$17.0M - Series A - May 2021
Rinri Therapeutics (2018)
$13.9M - Series A - Apr 2021
Kastus (2014)
$6.7M - Series A - Jun 2021
Somaserve (2018)
$2.9M - Series A - Feb 2021
Stable Pharma (2011)
$2.8M - Series A - Sep 2021
View all 12 Funding Rounds on Tracxn Platform
Life Sciences Research Services - UK &
Ireland
39
47
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Life Sciences Platforms and Tools (Nanopore)
(# Cos: 739 | $4.4B)
Research Services (Horizon Discovery)
(# Cos: 364 | $2.0B)
Diversified (OXGENE)
(# Cos: 263 | $1.3B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M (▲78.8%)
12(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$1.3B
158
12
263
12
OXGENE
(2011, $26.3M)
Mologic
(2003, $10.1M)
Healx
(2014, $68.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. 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
Omnio (2018)
$35.7M - Series C - Mar 2021
Token (2015)
$15.0M - Series B - Jan 2021
Toqio (2019)
$9.4M - Seed - Jul 2021
Weavr (2018)
$5.6M - Seed - Jul 2021
BankiFi (2017)
$3.0M - Series A - Sep 2021
View all 9 Funding Rounds on Tracxn Platform
Open Banking API Providers - UK &
Ireland
40
48
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Banking Tech (Revolut)
(# Cos: 713 | $11.8B)
Open Banking (TrueLayer)
(# Cos: 93 | $1.0B)
Banking APIs (Railsbank)
(# Cos: 45 | $604M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$193M (▲150%)
9(▲12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$604M
19
-
45
9
Railsbank
(2015, $125M)
Yapily
(2017, $70.8M)
Credit Kudos
(2015, $12.9M)
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
Internet First Corporate Prepaid Expense Cards -
UK & Ireland
41
49
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$180M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$260M
2
-
11
1
Payments (Checkout)
(# Cos: 1201 | $8.5B)
Consumer Payments (Zilch)
(# Cos: 298 | $1.6B)
Payment Cards (Curve)
(# Cos: 159 | $1.3B)
Prepaid Cards (Pockit)
(# Cos: 140 | $657M)
Corporate Cards (Dopay)
(# 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

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - UK & Ireland
42
50
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Blockchain Infrastructure (Elliptic)
(# Cos: 145 | $486M)
Blockchain Network (Radix)
(# Cos: 47 | $248M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$178M ( -- )
10( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$248M
25
-
47
5
Radix
(2013, $4.1M)
1inch
(2020, $175M)
Aztec
(2018, $17.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
1inch (2020)
$175M - Series B - Dec 2021
Aztec (2018)
$17.0M - Series A - Dec 2021
Adhara (2021)
$7.5M - Series A - May 2021
Gro (2020)
$7.1M - Seed - Mar 2021
Privi (2020)
$3.5M - Series A - May 2021
ETHA (2017)
$1.6M - Seed - Feb 2021
Phuture (2020)
$1.5M - Seed - May 2021
View all 10 Funding Rounds on Tracxn Platform

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Multiverse (2015)
$130M - Series C - Aug 2021
Multiverse (2015)
$44.0M - Series B - Jan 2021
Apprenticeships - UK & Ireland
43
51
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HRTech (Adzuna)
(# Cos: 3628 | $4.7B)
Job Board (Lexoo)
(# Cos: 964 | $419M)
Apprenticeships (Multiverse)
(# Cos: 3 | $214M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$174M (▲988%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$214M
2
-
3
1
Multiverse
(2015, $194M)
WhiteHat
(2018, $20.0M)
Apprenticeships
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Anti Money Laundering Software - UK &
Ireland
44
52
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$173M (▼6.7%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$771M
16
-
40
5
GRC Software (Featurespace)
(# Cos: 828 | $3.2B)
Compliance (Sysnet Global Solutions)
(# Cos: 521 | $2.8B)
Industry (Fenergo)
(# Cos: 102 | $1.0B)
Banking & Finance (Quantexa)
(# Cos: 60 | $852M)
AML & CTF (Onfido)
(# Cos: 40 | $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

53. 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
45
53
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Neurology (Nymbl Science)
(# Cos: 152 | $1.4B)
Drugs (Alkermes)
(# Cos: 83 | $1.1B)
Psychiatric (COMPASS Pathways)
(# Cos: 7 | $284M)
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
$284M
5
3
7
0
COMPASS Pathways
(2016, $109M)
GH Research
(2018, $125M)
e-Therapeutics
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Plastic Waste Recyclers - UK & Ireland
46
54
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$168M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$168M
1
-
1
1
Solid Waste Management Tech (AMCS)
(# Cos: 114 | $449M)
Recycling (Recycleye)
(# Cos: 27 | $220M)
Tech Enabled Recyclers (Aeropowder)
(# Cos: 3 | $169M)
Plastic (Plastic Energy)
(# Cos: 1 | $168M)
Plastic Energy
(2017, $168M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Plastic Energy (2017)
$168M - Series A - Nov 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
White label Telehealth Platform - UK &
Ireland
47
55
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
$164M (▲111%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$287M
9
-
44
3
Healthcare IT (Birdie)
(# Cos: 2186 | $2.1B)
Provider (DeepMind)
(# Cos: 1573 | $1.1B)
Telemedicine Solutions (Oviva)
(# Cos: 125 | $426M)
Tele-health Platform
(LetsGetChecked)
(# Cos: 44 | $287M)
LetsGetChecked
(2014, $265M)
Signum Health
(2016, $2.0M)
eConsult
(2011, $16.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LetsGetChecked (2014)
$150M - Series D - Jun 2021
eConsult (2011)
$9.6M - Series A - Feb 2021
Tooth Fairy (2018)
$4.1M - Seed - Sep 2021

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OTA Insight (2012)
$80.0M - Series B - Nov 2021
RateGain (2004)
$79.4M - Series B - Dec 2021
Hotel Revenue Management Software -
UK & Ireland
48
56
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Hotel IT (Mews)
(# Cos: 251 | $458M)
Pricing Engine (OTA Insight)
(# Cos: 15 | $251M)
Hotel (RateGain)
(# Cos: 15 | $251M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$159M (▲972%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$251M
7
1
15
1
RateGain
(2004, $144M)
OTA Insight
(2012, $103M)
HotelMize
(2015, $3.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
AML Solutions - UK & Ireland
49
57
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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
$154M (▲138%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$257M
4
-
17
1
RegTech (Onfido)
(# Cos: 403 | $2.6B)
Fraud Detection (Elliptic)
(# Cos: 79 | $1.1B)
Transaction Monitoring (Featurespace)
(# Cos: 65 | $905M)
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

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Salon Booking Platforms - UK & Ireland
50
58
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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
$153M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$226M
14
-
99
1
Local Services (Plentific)
(# Cos: 1235 | $932M)
Personal Wellness Services (Blow)
(# Cos: 285 | $288M)
Beauty (Urban)
(# Cos: 183 | $276M)
Appointment Booking (Treatwell)
(# Cos: 159 | $276M)
Parlour Booking (Wahanda)
(# Cos: 99 | $226M)
Wahanda
(2008, $34.5M)
Treatwell Beautystack
(2017, $6.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fresha (2018)
$100M - Series C - Jun 2021
Fresha (2018)
$52.5M - Series C - Dec 2021

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