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23% of UK tech companies have reached or exited a Series C. A major milestone of success in a technology company’s journey.
In total, 0.4% of UK tech companies have gone through an IPO in the last decade. This equates to 54 IPOs in the last decade (37 of which will take place in his 2021), with companies raising a total of 3.22 billion so far.
There has also been a significant number of acquisitions during the same period, with more than 1,200 in the last decade, bringing the company’s cumulative valuation to 12.5bn.
Over the past decade, the number of IPOs has grown from 4 in 2013 to 17 in 2021.
The majority of these IPOs have been for companies in the fintech sector over the past decade. Fintech is one of the UK’s strongest tech sectors, he confirmed. Additionally, digital security and fintech have topped the list of sector acquisitions over the past decade, accounting for his 13% of all acquired companies.
Deliver, hut groupWhen funding circle Topped the charts for IPO volume, raising a total of 1.91 billion.
It is encouraging to see more technology companies achieving high-quality liquidity events than ever before, especially in areas such as fintech and cyber, and these are strong indications of the UK’s position as a global technology and science powerhouse. contributes to your position.
However, it cannot be ignored that a larger proportion (50%) of technology companies, especially those focused on developing emerging technologies, have not scaled.
If these seed and pre-seed technology companies grow to be the scaling engines of the UK economy, the supply of capital to sustain early growth must be a priority. There needs to be a renewed emphasis on access to early-stage funding across the startup ecosystem. But this need is especially true for deep tech startups, which are working on cutting-edge technologies such as AI and quantum computing, are driving some of the UK’s most influential tech, and are looking to intensive innovation at the beginning of their scaling journeys. It may take a long time.
For the technology sector to be successful in the long term in boosting the UK economy, jobs and solving complex social and environmental challenges, the technology sector needs Or you should focus on cultivating slow-growing technology companies. We give you access to the resources, support, coaching and networking opportunities you need to accelerate your growth.
Tech Nation’s mission is to maximize the growth potential of these companies primarily through government-backed growth programs, regional support networks, and new growth platforms for technology startup and scale-up leadership teams. .
Dr. George WindsorTech Nation’s Director of Research and Data, said: We know that the UK is world-famous for its fintech success, which dominates her IPO. This is really exciting news, but we shouldn’t ignore the fact that a much larger percentage of tech companies haven’t achieved the same success. We must foster the latest wave of UK technology companies innovating to address important social, medical and environmental issues. It’s imperative that we provide the support these companies need to reach their full potential and make our world a better place.
Swati LyingChief Technology Officer at Funding Circle said: As Tech Nation’s Future Fifty Program graduates, we understand the importance of helping the next generation of founders and companies scale. These entrepreneurs will be tomorrow’s technology success stories.
Francis Bignell
