Which UK Startup Will Be Next Unicorn In 2019?

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The United Kingdom – and specifically London – is doubtlessly Europe’s best center for tech new companies, with just about 30,000 tech new businesses supported and 2,300 tech meetups in the previous five years – definitely more than other European nations. The nation has additionally created a few unicorns in a previous couple of years, including Improbable, Just Eat, Deliveroo, Darktrace, Monzo, and most as of late, Graphcore. In spite of the fact that the UK tech scene is stressed over the potential impacts of Brexit –  like losing access to ability, venture, or data – so far interest in UK tech has not been a slowdown.

Let’s Find Out Our Next UK Startup To Be Next Unicorn In 2019:

Nested – Established in 2016, this London-based online real estate operator simply raised an astounding €135 million in November 2018. To begin with, its home deals stage thinks of an exact property valuation for your home utilizing top to bottom information analysis.

Oxford VR – This startup is upsetting treatment utilizing virtual reality, building mental medications that truly work utilizing best in class vivid innovation. The startup’s attention is on creating VR-based, clinically approved, and financially savvy intellectual medications for clinical conditions that will significantly affect patients, the wellbeing framework and more extensive economy. Established in 2016, Oxford VR raised £3.2 million in September 2018.

Lumen – Established in 2018, Lumen is the primary dating app for people over 50. Lumen has officially raised a seed round of £3.5M.

Moonbug – London-based Moonbug is looking to revolutionise kids’ entertainment. Moonbug creates content to get inspired and engaged through fun storytelling, with an emphasis on values such as compassion, empathy, and resilience. Established in 2018, the startup has raised a €132 million in a Series A round in December.

WorldRemit, a London-based challenger to Transferwise, operates an online platform through which users can make international money transfers, usually for immigrants or expats sending remittances back to their families at home.

Scape Technologies – As augmented reality headsets, autonomous vehicles, and drones become more common, they will need to operate safely alongside people, and therefore have to understand the physical world with more detail than ever before. Founded in 2016, the startup has just emerged from stealth and announced that it raised €7 million in seed funding in 2018.

Chatterbox – Founded in 2016, this social enterprise employs refugees as language tutors for individuals and companies, both online and in-person. The platform offers conversational practice with native speakers in Mandarin, French, Farsi, Turkish, Arabic, Korean, Hindi, Spanish, and more. Based in London, the startup is already working with several prominent companies including WeWork and the British Red Cross, as well as universities such as the University of Edinburgh, the University of Leeds, and the University of Westminster.

Graphcore – Bristol-based tech company which has developed a new processor, the Intelligence Processing Unit (IPU), which is specifically designed to help accommodate AI and machine learning processes. The company predicts this bit of hardware will become an integral part of most AI-enabled technologies, such as driving cars. Raising $50m from Sequoia Capital (who were early backers of Apple, Oracle, Yahoo, Google YouTube, PayPal, Instagram, WhatsApp and AirBnB) in November 2017, the company also backed Nvidia, another manufacturer of processors, who IPO’d back in 2000. Graphcore is the most likely to become a unicorn soonest according to Beauhurst.

Charlotte Tilbury Beauty – beauty and makeup brand. Founded in 2011, has grown at a rapid rate, doubling its turnover from $41.07m in 2016 to $93.49m in 2017. Raised $19.13m in April 2017, also from Sequoia Capital (theme here), at a pre-money valuation of $561.22m. While CTB hasn’t filed accounts for 2018, another doubling of revenue could easily see them valued at $1b in 2019.

Perlego – If you’re in university, you know how expensive textbooks are. Perlego offers an alternative. The London-based startup was launched in 2016 and offers unlimited access to over 200,000 university textbooks through an online subscription service. The young compay already collaborates with more than 650 publishers, including big names like Oxford University Press, Princeton University Press and Macmillan Higher Education. The publishers receive 65% of each subscription – calculated on a consumption basis. Perlego recently raised a $4.8 million seed round from ADV and business angels.

Factmata – This startup is battling fake news, but it doesn’t believe in replacing humans with unaccountable machines when it comes to fact-checking. For this reason, it uses a combination of AI and a human community to build a better media ecosystem. This London-based startup was founded in 2017 and is arguably the most popular tools combatting fake news on the market. The startup has raised $1.8 million to date.

Birdie – Birdie, a London-based agetech startup, is building a holistic home care platform to help older adults live independently in their own homes, using apps and connected devices to track their well-being. Through its digital apps and connected devices, Birdie optimises care in three ways: it allows care providers to ‘go paperless’ by digitising cumbersome and time-consuming admin and reporting; facilitates communications and the sharing of information of an older adult’s care between care professionals, families and other health practitioners; and allows families to follow their elderly loved one’s health and wellbeing 24/7. Founded in 2017, the startup closed a €7 million Series A funding round in 2018.

Kymab a Cambridge-based biotech/pharmaceutical drug-discovery company that is exciting the big and little guys thanks to its genetic work. This company has engineered mice to produce human antibodies, a key component in human immune systems. The company is manipulating these to try and create vaccines for hard-to-treat diseases. An excellent $100m investment in November 2016 gave them a pre-money valuation of $192.86m.

Secret Escapes – Probably the most well known on the list thanks to their aggressive marketing offers a membership type service that offers flash sales for 4 or 5-star hotels around the world of up to 70% off. According to their LinkedIn, Secret Escapes now has 42 million members worldwide. In the 12 months leading up to their 2016 financial statement, their turnover jumped from $39.41m to $62.12m. In October last year, they raised $111m, which was augmented by a further $66.33m this year. The company’s recent verified valuation was $373.72m.

Ratesetter – Also a peer-to-peer lending platform. Ratesetter then matches borrowers with lenders. Already with $30.23m turnover, Ratesetter raised $16.58m in May which gave them a $330.27m pre-money valuation. Despite a pretty bad year in 2017, the company seems to be bouncing back.

Monzo – A challenger bank that is popular in big cities thanks to its vibrant brand, marketing, and easy-to-use app. With $93 million in funding in 2017 and 400,000 customers since opening its doors in 2015, Monzo is now worth more than $280m. Goodwater Capital and payments company Stripe have recently invested in Monzo although there are increasing amounts of competitors.

Photo by Veliko Karachiviev on Unsplash

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