Tech Nation selects 13 firms for up to date Future Fifty cohort

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Tech Nation has chosen 13 late-stage firms for its Future Fifty programme, which affords founders steering to assist scale up their companies.

The businesses embody open banking platform Yapily, funds firm Zilch and automobile finance tech supplier Zuto.

Over the subsequent six months, the tech firms will work inside Future Fifty to develop their companies, utilising peer-to-peer studying alternatives, in-depth masterclass classes, entry to a devoted Tech Nation visa group and classes with key authorities officers.

This 12 months the programme, supported by HSBC UK and Slaughter and Could as companions, has essentially the most regionally numerous cohort, with almost half of firms  coming from outdoors of London. The 13 companies function in 19 nations and have raised a complete of $2.2bn (£1.9bn) in enterprise capital funding.

Learn extra: Nearly a fifth of UK tech firms have a non-UK founder

This the Future Fifty’s eleventh 12 months. Because it was launched, the programme has supported 30 of the 138 tech unicorns based within the UK, which have raised £16.3bn in whole. These embody Revolut, Skyscanner, Monzo and Deliveroo.

The businesses are chosen by a panel of judges, which this 12 months included James Meekings, co-founder of Funding Circle.

“Congratulations to the newest Future Fifty firms! It’s been a privilege to work with Tech Nation to assist the UK’s late-stage tech corporations,” mentioned Meekings. “The Future Fifty 11.0 cohort reveals but once more how vibrant and really disruptive the UK’s tech sector is. Tech Nation has been phenomenal at fuelling the expansion of essentially the most bold UK founders, groups and companies, because the UK continues to be a worldwide tech chief.”

For the reason that begin of Future Fifty, UK’s tech ecosystem has seen vital progress. Thus far this 12 months, late-stage tech firms have raised $18.7bn, greater than eight occasions the quantity they raised in 2012. During the last 12 months, they’ve raised 50 rounds that had been value greater than $100m. 10 years in the past, there have been simply two such rounds.

Learn extra: Tech Nation sees 28 per cent rise in functions for its World Expertise Visa

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