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1. TRACXN TOP BUSINESS MODELS REPORT
October 18, 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
OverviewUnited Kingdom Tech
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 $1.5B
Autonomous Vehicles $905M
Banking Tech $710M
Cybersecurity $617M
Energy Storage Tech $502M
Investment Tech $479M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
SFC Capital
Fuel Ventures
Development Bank of
Wales
16
13
11
Early
Stage
Octopus Ventures
BGF
Mercia
14
13
13
Late
Stage
Google Ventures
BGF
GM Ventures
4
3
3
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
BitGoldEx
(2015, London)
$715M - Series A
Conigital
(2015, Birmingham)
$623M - Series A
CheBots
(2018, London)
$500M - Series D
Butternut Box
(2016, London)
$352M - Series E
Builder
(2012, London)
$250M - Series D
Apollo Therapeutics
(2007, Stevenage)
$227M - Series C
Mews
(2012, London)
$185M - Series C
CMR Surgical
(2014, Cambridge)
$165M - Series D
OneTrust
(2016, London)
$150M - Series D
Accelerant
(2018, Colchester)
$150M - Series A
Oxa
(2014, Oxford)
$140M - Series C
Oxbotica
(2014, Oxford)
$140M - Series C
London (63%)
Oxford (7%)
Birmingham (5%)
Cambridge (5%)
Stevenage (2%)
Others (18%)

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-- Autonomous Trucks $763M 3 Conigital | $623M | Series A Link
2-- Cryptocurrency Trading Bots $500M 1 CheBots | $500M | Series D Link
3-- D2C Dog Food Brands $352M 1 Butternut Box | $352M | Series E Link
4▲6 Blockchain Protocols $313M 11 Aztec | $100M | Series B Link
5▲13 Oncology Drugs $282M 18 Carrick Ther.. | $60.0M | Series C Link
6-- Drugs for Inflammatory Diseases $266M 2 Apollo Therap.. | $227M | Series C Link
7▲9 Low Code Development Platforms $252M 3 Builder | $250M | Series D Link
8-- Data Privacy Compliance Management $229M 5 OneTrust | $150M | Series D Link
9-- Orphan Drugs $227M 1 Apollo Therap.. | $227M | Series C Link
10-- Data Privacy Software $200M 2 OneTrust | $150M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

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-- Hospitality ERP $185M 1 Mews | $185M | Series C Link
12-- Transaction Monitoring Solutions $174M 3 Quantexa | $129M | Series E Link
13▲37 Carbon Credit Trading Platform $166M 12 Sylvera | $57.0M | Series B Link
14-- Surgical Robots $165M 1 CMR Surgical | $165M | Series D Link
15▼13 Digital Banks $159M 2 Allica Bank | $123M | Series C Link
16▲15 Insurance Risk Management $153M 3 Accelerant | $150M | Series A Link
17-- Online retail bank $144M 3 Zopa | $92.5M | Series H Link
18-- ID Verification Software $142M 2 Quantexa | $129M | Series E Link
19-- Electric Vehicle Charger Manufacturers $141M 3 EO Charging | $80.0M | Series B Link
20▼16 Open Banking Solutions $135M 8 Volt | $60.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

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-- Financial Compliance Software $130M 2 Quantexa | $129M | Series E Link
22-- EV Charging Network Operators $127M 2 Be.EV | $127M | Series D Link
23-- Building Energy Management System $127M 3 Infogrid | $90.0M | Series B Link
24-- E-Commerce Rollups $120M 1 Shop Circle | $120M | Series A Link
25-- Charging Station Management Software $115M 5 Weev | $61.8M | Series C Link
26▼2 Event Ticketing Marketplace $110M 1 Fever | $110M | Series E Link
27-- AR HUD $100M 2 Envisics | $50.0M | Series C Link
28-- Active Noise Cancellation Earbuds $96.8M 1 Nothing | $96.8M | Series C Link
29-- Automated Retirement Planning Platform $95.0M 1 Smart | $95.0M | Series E Link
30-- Text to Video $93.6M 2 Synthesia | $90.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

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-- Superconducting Quantum Computer $90.4M 4 Quantum Motion | $50.5M | Series B Link
32-- Facility Asset Management $90.1M 2 Infogrid | $90.0M | Series B Link
33-- ECommerce Seller Tools $90.0M 1 THREECOLTS | $90.0M | Series A Link
34-- Non-Invasive CGM Devices $85.7M 2 Osler Diagno.. | $85.0M | Series C Link
35▼17 Gene Therapeutics $82.2M 3 Nucleome The.. | $42.2M | Series A Link
36-- Radiological Image Analysis $80.5M 3 Perspectum | $55.0M | Series C Link
37-- Neurodegenerative Diseases Drugs $79.4M 3 AstronauTx | $61.0M | Series A Link
38-- Retinal Disorder Drugs $79.1M 1 Complement T.. | $79.1M | Series A Link
39-- Multi Account Card $71.8M 1 Curve | $71.8M | Series C Link
40-- Life Sciences Data Mining $70.7M 3 Causaly | $60.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

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-- Ophthalmology Drugs $70.0M 1 Tenpoint The.. | $70.0M | Series A Link
42-- Outdoor Navigation System $65.8M 1 What3words | $65.8M | Series C Link
43-- Vehicle Inspection Software $65.0M 2 Tractable | $65.0M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Conigital (2015, Birmingham)
$623M - Series A - Sep 2023
Oxa (2014, Oxford)
Undisclosed - Series C - Oct 2023
$140M - Series C - Jan 2023
Autonomous Trucks - United Kingdom
01
9
Back to index
Autonomous Vehicles (FiveAI)
(# Cos: 64 | $1.5B)
Self Driving Technology (Wayve)
(# Cos: 26 | $1.5B)
Trucks (Conigital)
(# Cos: 3 | $871M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$763M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$871M
3
-
3
1
Conigital
(2015, Birmingham, $625M)
Oxa
(2014, Oxford, $246M)
Aidrivers
(2018, Uxbridge)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Bots - 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
-
$501M
5
-
56
0
Cryptocurrencies (Luno)
(# Cos: 2472 | $4.9B)
Financial Services (Uphold)
(# Cos: 1690 | $4.0B)
Investment Industry (Blockchain)
(# Cos: 1198 | $3.2B)
Online Trading Platforms (Archax)
(# Cos: 564 | $700M)
Algo Trading (Crypto Facilities)
(# Cos: 135 | $506M)
Trading Bots (Coinrule)
(# Cos: 56 | $501M)
Coinrule
(2018, London, $717K)
CheBots
(2018, London, $500M)
Yanda
(2015, London)
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
D2C Dog Food Brands - United Kingdom
03
11
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
$352M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$486M
5
-
22
1
Pet Tech (PetsApp)
(# Cos: 469 | $601M)
Pet Supplies Ecommerce (Pure Pet Food)
(# Cos: 302 | $555M)
Food (Tails.com)
(# Cos: 51 | $535M)
Internet First Brand (Bella and Duke)
(# Cos: 38 | $535M)
Dogs (Butternut Box)
(# Cos: 22 | $486M)
Butternut Box
(2016, London, $476M)
Tails.com
(2013, London, $7.8M)
Woof&Brew
(2012, London, $1.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Butternut Box (2016, London)
$352M - Series E - Sep 2023

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Protocols - United Kingdom
04
12
Back to index
Blockchain Infrastructure (Argent)
(# Cos: 641 | $1.6B)
Blockchain Network (Aztec)
(# Cos: 101 | $810M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$313M (▼26.4%)
11( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$810M
44
-
101
10
Aztec
(2018, London, $119M)
Celestia
(2011, London, $56.5M)
Radix
(2013, London, $14.1M)
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
Zyber 365 (2023, London)
$100M - Series A - Jul 2023
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
LandVault (2017, London)
$3.0M - Series B - Mar 2023
View all 11 Funding Rounds on Tracxn Platform

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Carrick Therapeutics (2015, Oxford)
$60.0M - Series C - Dec 2022
Sitryx (2018, Oxford)
$39.0M - Series B - Sep 2023
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 19 Funding Rounds on Tracxn Platform
Oncology Drugs - United Kingdom
05
13
Back to index
Oncology (Replimune)
(# Cos: 321 | $6.2B)
Drugs (Mereo BioPharma)
(# Cos: 207 | $5.5B)
Diversified (Immunocore)
(# Cos: 175 | $4.4B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$282M (▼8.3%)
18(▲38.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
17
$4.4B
120
22
175
17
Immunocore
(2008, Abingdon, $525M)
Mereo BioPharma
(2015, London, $141M)
Replimune
(2015, Oxford, $87.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Apollo Therapeutics (2007, Stevenage)
$227M - Series C - Sep 2023
Sitryx (2018, Oxford)
$39.0M - Series B - Sep 2023
Drugs for Inflammatory Diseases -
United Kingdom
06
14
Back to index
Immunology (Amphista Therapeutics)
(# Cos: 65 | $1.8B)
Drugs (Stallergenes Greer)
(# Cos: 55 | $1.7B)
Inflammatory Diseases (NodThera)
(# Cos: 17 | $745M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$266M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$745M
14
-
17
6
NodThera
(2016, Duxford, $95.0M)
Mestag Therapeutics
(2020, Cambridge, $45.0M)
Apollo Therapeutics
(2007, Stevenage, $372M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. 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
Sticky (2019, London)
$1.9M - Seed - May 2023
February (2020, York)
$115K - Angel - Nov 2022
Low Code Development Platforms -
United Kingdom
07
15
Back to index
Application Development Tools (Thirdweb)
(# Cos: 467 | $1.1B)
Code Development (Builder)
(# Cos: 183 | $877M)
Low Code Development Platforms
(Genesis)
(# Cos: 133 | $864M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$252M (▼23.4%)
3(▼57.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$864M
27
-
133
6
Genesis
(2012, London, $270M)
Builder
(2012, London, $450M)
Stacker
(2017, London, $23.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Data Privacy Compliance Management -
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
17
-
96
3
GRC Software (Onfido)
(# Cos: 927 | $3.0B)
Compliance (Quantexa)
(# Cos: 587 | $2.6B)
IT Compliance (Privitar)
(# Cos: 119 | $1.4B)
Data Privacy (OneTrust)
(# Cos: 96 | $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
Apollo Therapeutics (2007, Stevenage)
$227M - Series C - Sep 2023
Orphan Drugs - United Kingdom
09
17
Back to index
Rare Diseases (Healx)
(# Cos: 26 | $1.9B)
Drugs (Diurnal)
(# Cos: 24 | $1.9B)
Diversified (Mereo BioPharma)
(# Cos: 10 | $1.2B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$227M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
7
2
10
2
Mereo BioPharma
(2015, London, $141M)
Healx
(2014, Cambridge, $66.0M)
Orchard Therapeutics
(2015, London, $440M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
OneTrust (2016, London)
$150M - Series D - Jul 2023
$50.0M - Series C - Mar 2023
Data Privacy Software - United Kingdom
10
18
Back to index
Cybersecurity (Sophos)
(# Cos: 1626 | $5.7B)
Data Security (Element)
(# Cos: 465 | $1.8B)
Data Privacy (OneTrust)
(# Cos: 53 | $1.3B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$200M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.3B
8
-
53
2
OneTrust
(2016, London, $1.1B)
Privitar
(2015, London, $174M)
Meeco
(2012, $8.6M)
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
Hospitality ERP - United Kingdom
11
19
Back to index
Enterprise Resource Planning (The Access Group)
(# Cos: 715 | $1.9B)
Hospitality (Mews)
(# Cos: 91 | $239M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$185M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$239M
10
-
91
2
Mews
(2012, London, $225M)
Knowcross
(2002, London, $252K)
Lavanda
(2014, London, $12.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mews (2012, London)
$185M - Series C - Dec 2022

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Quantexa (2016, London)
$129M - Series E - Apr 2023
GSS (2021, London)
$45.0M - Series C - Jan 2023
FinCrime Dynamics (2019, Cambridge)
Undisclosed - Seed - Sep 2023
Transaction Monitoring Solutions -
United Kingdom
12
20
Back to index
RegTech (Onfido)
(# Cos: 638 | $4.5B)
Fraud Detection (ComplyAdvantage)
(# Cos: 199 | $1.6B)
Transaction Monitoring (Quantexa)
(# Cos: 83 | $1.0B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$174M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.0B
24
-
83
11
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.

21. 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 12 Funding Rounds on Tracxn Platform
Carbon Credit Trading Platform - United
Kingdom
13
21
Back to index
Air Pollution Management Tech (Storegga
Geotechnologies)
(# Cos: 291 | $1.3B)
Carbon Management (Carbon Clean)
(# Cos: 193 | $920M)
Carbon Offset Trading Platforms
(Sylvera)
(# 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
$166M (▲42.2%)
12(▲9.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$309M
29
-
69
2
Sylvera
(2020, London, $97.4M)
BeZero Carbon
(2020, London, $77.2M)
Carbonplace
(2020, London, $45.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
CMR Surgical (2014, Cambridge)
$165M - Series D - Sep 2023
Surgical Robots - United Kingdom
14
22
Back to index
Professional Service Robots (Rovco)
(# Cos: 133 | $1.4B)
Healthcare (Automata)
(# Cos: 14 | $1.3B)
Surgery (CMR Surgical)
(# Cos: 6 | $1.2B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$165M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.2B
4
-
6
1
CMR Surgical
(2014, Cambridge, $1.2B)
Freehand Surgeon
(1996, Guildford, $1.2M)
Araknes
(2008, London)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Digital Banks - United Kingdom
15
23
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
-
19
5
Banking Tech (Tide)
(# Cos: 814 | $14.0B)
Internet First Banks (Monzo)
(# Cos: 184 | $7.5B)
Digital Native Banks (Starling Bank)
(# Cos: 41 | $6.8B)
Diversified (Revolut)
(# Cos: 19 | $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

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Insurance Risk Management - 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
$153M (▼25.7%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$442M
12
-
27
4
Insurance IT (By Miles)
(# Cos: 395 | $1.9B)
Insurance Policy Solutions (Tractable)
(# Cos: 219 | $974M)
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

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Online retail bank - 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
$144M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
5
-
15
3
Banking Tech (Monzo)
(# Cos: 814 | $14.0B)
Internet First Banks (Starling Bank)
(# Cos: 184 | $7.5B)
Digital Native Banks (Revolut)
(# Cos: 41 | $6.8B)
Retail Banking (Tandem)
(# Cos: 15 | $1.3B)
Tandem
(2013, London, $309M)
Monument
(2010, London, $147M)
Zopa
(2005, London, $882M)
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

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Quantexa (2016, London)
$129M - Series E - Apr 2023
Mypinpad (2012, Cardiff)
$13.0M - Series C - Jun 2023
ID Verification Software - United
Kingdom
18
26
Back to index
Image Recognition (Keyless)
(# Cos: 223 | $1.2B)
Applications (Featurespace)
(# Cos: 63 | $753M)
Identity Verification (Quantexa)
(# Cos: 40 | $653M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$142M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$653M
15
1
40
5
Quantexa
(2016, London, $371M)
Featurespace
(2008, Cambridge, $111M)
Yoti
(2014, London, $39.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. 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
myenergi (2016, Market Rasen)
$36.8M - Series C - Oct 2023
Indra (2011, Malvern)
$23.9M - Series B - Mar 2023
Electric Vehicle Charger Manufacturers -
United Kingdom
19
27
Back to index
Electric Vehicles (InstaVolt)
(# Cos: 921 | $2.6B)
Charging Solutions (ev.energy)
(# Cos: 201 | $761M)
Plug in Charging (myenergi)
(# Cos: 91 | $326M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$141M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$326M
17
-
91
2
myenergi
(2016, Market Rasen, $36.8M)
POD Point
(2009, London, $58.4M)
EO Charging
(2014, London, $101M)
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
Open Banking Solutions - United
Kingdom
20
28
Back to index
Banking Tech (Revolut)
(# Cos: 814 | $14.0B)
Open Banking (TrueLayer)
(# Cos: 123 | $2.1B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$135M (▼83.9%)
8(▼57.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$2.1B
53
-
123
23
TrueLayer
(2016, London, $273M)
Codat
(2017, London, $173M)
Yapily
(2017, London, $70.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volt (2019, London)
$60.0M - Series B - Jun 2023
The Bank of London (2021, London)
$40.0M - Series C - Feb 2023
Banked (2018, London)
$15.0M - Series A - Nov 2022
Omnio (2018, London)
$9.6M - Series C - Feb 2023
DirectID (2010, Edinburgh)
$9.6M - Series A - Feb 2023
Paythings (2005, Dunfermline)
$600K - Seed - Aug 2023
AperiData (2017, Chester)
Undisclosed - Seed - May 2023
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
Financial Compliance Software - United
Kingdom
21
29
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
$130M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$509M
21
1
55
8
GRC Software (Onfido)
(# Cos: 927 | $3.0B)
Compliance (OneTrust)
(# Cos: 587 | $2.6B)
Industry (Sumsub)
(# Cos: 105 | $597M)
Banking & Finance (Quantexa)
(# Cos: 55 | $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

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
EV Charging Network Operators - United
Kingdom
22
30
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 ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$279M
12
-
66
4
Energy Storage Tech (myenergi)
(# Cos: 444 | $2.6B)
Charging (ev.energy)
(# Cos: 243 | $756M)
Station Network (Elmtronics)
(# Cos: 97 | $294M)
Charging (Tonik Energy)
(# Cos: 89 | $288M)
Operators (Zap-Map)
(# Cos: 71 | $279M)
Electric Vehicle (InstaVolt)
(# Cos: 66 | $279M)
InstaVolt
(2016, Basingstoke, $62.6M)
Zap-Map
(2014, Bristol, $12.3M)
Tonik Energy
(2016, London, $22.4M)
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

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Building Energy Management System -
United Kingdom
23
31
Back to index
Property Management Tech (Goodlord)
(# Cos: 637 | $904M)
Building Energy Management (myenergi)
(# Cos: 146 | $298M)
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
19
$298M
36
-
146
5
myenergi
(2016, Market Rasen, $36.8M)
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
myenergi (2016, Market Rasen)
$36.8M - Series C - Oct 2023
Kadence (2021, London)
$100K - Seed - Jul 2023

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - United Kingdom
24
32
Back to index
Brands Tech (Streetbees)
(# Cos: 155 | $2.2B)
Tech First Ecommerce Brand Acquirers (THG)
(# Cos: 9 | $1.4B)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$120M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
5
1
9
3
THG
(2004, Manchester, $1.0B)
Heroes
(2020, London, $65.0M)
Shop Circle
(2021, London, $65.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Shop Circle (2021, London)
$120M - Series A - Sep 2023

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Charging Station Management Software
- 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
$115M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$133M
8
-
26
1
Electric Vehicles (POD Point)
(# Cos: 921 | $2.6B)
Charging Solutions (myenergi)
(# Cos: 201 | $761M)
Station Network (Tonik Energy)
(# Cos: 83 | $410M)
Charging (InstaVolt)
(# Cos: 83 | $410M)
Station Management IT (ev.energy)
(# Cos: 26 | $133M)
ev.energy
(2018, London, $63.0M)
Fuuse
(2020, $5.4M)
Weev
(2022, Belfast, $61.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Weev (2022, Belfast)
$61.8M - Series C - May 2023
ev.energy (2018, London)
$33.0M - Series B - Jul 2023
$17.2M - Series A - Apr 2023
Fuuse (2020)
$3.1M - Seed - May 2023
Switch (2020, London)
Undisclosed - Seed - Apr 2023

34. 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
26
34
Back to index
Online Event Ticketing (Dice)
(# Cos: 420 | $882M)
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
19
-
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.

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
AR HUD - 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
$100M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$150M
2
-
3
1
Augmented Reality (Blippar)
(# Cos: 300 | $811M)
Display Devices (WaveOptics)
(# Cos: 16 | $263M)
Projection-based (HYPERVSN)
(# Cos: 8 | $158M)
HUDs (Envisics)
(# Cos: 3 | $150M)
Envisics
(2017, Milton Keynes, $150M)
Bike Hud
(2012, Stoke on Trent, $161K)
Focus
(2016, Wembley)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Envisics (2017, Milton Keynes)
$50.0M - Series C - Sep 2023
$50.0M - Series C - Mar 2023

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Active Noise Cancellation Earbuds -
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
$96.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$250M
1
-
2
1
Audio Tech (Audiotelligence)
(# Cos: 38 | $351M)
Innovative Audio Devices (MOBILUS Labs)
(# Cos: 23 | $262M)
Active Noise Cancellation (Kokoon
Technology)
(# Cos: 7 | $262M)
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

37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Automated Retirement Planning
Platform - United Kingdom
29
37
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: 4086 | $8.5B)
Wealth Management Platforms (Wagestream)
(# Cos: 480 | $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

38. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Text to Video - United Kingdom
30
38
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 (VEED)
(# Cos: 102 | $300M)
Video Editors (Metaphysic)
(# Cos: 73 | $287M)
Specialized Video Editor (V-Nova)
(# Cos: 29 | $249M)
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

39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Superconducting Quantum Computer -
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
$90.4M ( -- )
4( -- )
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)
$2.5M - Series A - Aug 2023
$36.3M - Series A - Jan 2023
Quantum Circuits Lim.. (2007, Oxford)
$1.1M - Series A - Feb 2023

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Facility Asset Management - United
Kingdom
32
40
Back to index
Facility Management Tech (Plentific)
(# Cos: 891 | $1.3B)
Asset and Space Management (Bellrock)
(# Cos: 123 | $183M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$90.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$183M
20
1
123
6
Bellrock
(1995, Leicester, $23.4M)
Infogrid
(2018, London, $107M)
Essensys
(2006, London)
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)
$100K - Seed - Jul 2023

41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
ECommerce Seller Tools - 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
$90.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$90.0M
3
-
12
0
E-Commerce Enablers (Rapyd)
(# Cos: 985 | $5.2B)
E-Commerce Sellers (THG)
(# Cos: 72 | $1.4B)
Enablers (Nozzle)
(# Cos: 64 | $93.0M)
Diversified (Zipsale)
(# Cos: 19 | $90.0M)
Suite (THREECOLTS)
(# Cos: 12 | $90.0M)
THREECOLTS
(2021, London, $90.0M)
TymeOnline
(2014, Blackburn)
Lucid Interactive
(2002, Londonderry)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
THREECOLTS (2021, London)
$90.0M - Series A - Mar 2023

42. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Non-Invasive CGM Devices - 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
$85.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$86.7M
6
-
12
0
Diabetes (Thriva)
(# Cos: 62 | $215M)
Medical Devices (Cellnovo)
(# Cos: 41 | $157M)
Monitoring Devices (Span Health)
(# Cos: 30 | $95.9M)
CGM (Nemaura Medical)
(# Cos: 16 | $89.7M)
Non-Invasive (Osler Diagnostics)
(# Cos: 12 | $86.7M)
Osler Diagnostics
(2017, Oxford, $85.0M)
Span Health
(2018, London)
Transdermal Diagnostics
(2021, Bath, $920K)
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
Afon Technology (2015, Chepstow)
$709K - Seed - Nov 2022

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapeutics - 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
$82.2M (▼66.3%)
3(▼57.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.8B
40
7
51
8
Genomics (Nanopore)
(# Cos: 522 | $5.8B)
Applied Genomics (Evonetix)
(# Cos: 302 | $3.2B)
Clinical Genomics (Oxford Immunotec)
(# Cos: 137 | $2.9B)
Therapeutics (Mogrify)
(# Cos: 51 | $1.8B)
Mogrify
(2016, Cambridge, $47.8M)
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
Storm Therapeutics (2015, Cambridge)
$30.0M - Series B - Dec 2022
Mogrify (2016, Cambridge)
$10.0M - Series A - Oct 2023

44. 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
Dxcover (2016, Glasgow)
$9.2M - Series A - Feb 2023
Radiological Image Analysis - United
Kingdom
36
44
Back to index
Clinical Labs IT (Synthace)
(# Cos: 153 | $580M)
Radiology (Perspectum)
(# Cos: 82 | $268M)
Image Analysis (Kheiron Medical
Technologies)
(# Cos: 66 | $268M)
Taxonomy
$ Invested in last 1 year in United
Kingdom Tech
Key Stats
# Funding Rounds in last 1 year in
United Kingdom Tech
$80.5M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$268M
28
2
66
5
Kheiron Medical Techno..
(2016, London, $27.9M)
Perspectum
(2012, Oxford, $121M)
Caristo
(2017, Oxford, $18.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Neurodegenerative Diseases Drugs -
United Kingdom
37
45
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
$79.4M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$474M
22
-
33
4
Neurology (Nymbl Science)
(# Cos: 161 | $1.5B)
Drugs (Beckley Psytech)
(# Cos: 95 | $1.1B)
Neurodegenerative (Wren Therapeutics)
(# Cos: 42 | $563M)
Diversified (Amphista Therapeutics)
(# Cos: 33 | $474M)
Amphista Therapeutics
(2018, Motherwell, $60.5M)
Wren Therapeutics
(2016, Cambridge, $44.1M)
AviadoBio
(2021, London, $96.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AstronauTx (2019, London)
$61.0M - Series A - Oct 2023
NRG Therapeutics (2018, Cambridge)
$18.4M - Series A - Nov 2022
Amphista Therape.. (2018, Motherwell)
Undisclosed - Series B - Dec 2022

46. 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
38
46
Back to index
Ophthalmology (Rayner)
(# Cos: 62 | $632M)
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)
Novai
(2019, London, $3.4M)
EyeBio
(2021, London, $65.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Multi Account Card - 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
$71.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$276M
3
-
4
2
Payments (Checkout)
(# Cos: 1507 | $14.3B)
Consumer Payments (Yonder)
(# Cos: 374 | $1.7B)
Payment Cards (Zilch)
(# Cos: 182 | $1.5B)
Multi Account Card (Curve)
(# Cos: 4 | $276M)
Curve
(2015, London, $272M)
Lanistar
(2020, London, $2.4M)
VitraCash
(2020, London, $998K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Curve (2015, London)
$71.8M - Series C - Sep 2023

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences Data Mining - 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
$70.7M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$103M
7
-
14
2
Life Sciences Tech (Dotmatics)
(# Cos: 456 | $2.0B)
Research & Development (Benevolent)
(# Cos: 362 | $2.0B)
Drug Informatics (PharmEnable)
(# Cos: 93 | $131M)
Scientific Literature (Antiverse)
(# Cos: 46 | $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

49. 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
41
49
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Ophthalmology (Gyroscope)
(# Cos: 62 | $632M)
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.

50. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
United Kingdom Tech - Top Business Models Report
Recent Funding Rounds
Outdoor Navigation System - United
Kingdom
42
50
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
$65.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$231M
4
-
20
1
Geographic Information Systems (Zap-Map)
(# Cos: 316 | $649M)
Positioning & Navigation (Navenio)
(# Cos: 74 | $363M)
Navigation (BeeLine)
(# Cos: 30 | $235M)
Outdoor (What3words)
(# Cos: 20 | $231M)
What3words
(2013, London, $223M)
BeeLine
(2014, London, $2.8M)
Navmii
(2007, London, $4.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
What3words (2013, London)
$65.8M - Series C - Oct 2022

51. 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
43
51
Back to index
Auto IT (MotorK)
(# Cos: 271 | $288M)
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)
DeGould
(2011, Exeter, $13.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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