Sifted created a selection of the most promising tech startups across Europe, based on the amount of capital they raised, their hiring tempo and how formative they have been to the startup ecosystems around them. AIN.TECH publishes the list of UK companies to watch in 2020.
Founded: In 2015 by George Bevis
Valuation: €212-€318M
Tide’s mission is to help SMEs save time and budget in the running of their businesses. The Tide platform offers business accounts and related banking services, as well as a comprehensive set of the administrative solutions, such as full integration with accounting systems.
Founded: In 2010 by Nick Hungerford and William Todd
Valuation: €228M
Nutmeg is an online investment manager tool that allows customers to invest into a portfolio of assets, which could include equities, bonds or commodities. Nutmeg decides how to invest its customers’ money based on their personal profiles, taking into consideration the amount of risk they are comfortable with and the timeframe they want to invest for.
Founded: In 2010 by Alexis Prenn and Michael Wood
Valuation: €264-€396M
Receipt Bank is a paperless bookkeeping platform connecting accountants, bookkeepers, and businesses. Receipt Bank makes it simple to capture, process, and share financial information instantly. Thanks to the AI-powered OCR technology and human verification, it turns documents into digital data faster.
Founded: In 2011 by Simon Beckerman
Valuation: €225-€338M
Depop is the fashion marketplace app where the users from all over the world can post, buy, sell items and get inspired. Currently, the company has more than 21 million registered users in 147 countries. It is powered by over 200 employees working in London HQ and offices in Manchester, Los Angeles, New York and Sydney.
Founded: In 2015 by
Valuation: €278-€417M
Pollen specializes in the fields of events, travel, festivals, entertainment, experiences, membership, youth culture, and marketplace. The company partners with brands including Live Nation, C3 Presents, MGM Resorts, Universal Music Group, and more. It also integrates with ticketing providers.
Founded: In 2013 by Norris Koppel
Valuation: €218-€327M
Monese is a digital banking alternative that provides mobile-only, multi-currency accounts in 31 countries across the European Economic Area. Its proprietary “Know Your Customer” technology can validate a customer’s identity in real-time, allowing accounts to be opened in a matter of minutes, from a mobile app.
Founded: In 2014 by Carlo Gualandri
Valuation: €216-€324M
Soldo is a spend management platform that integrates prepaid Mastercard cards, a web-based administration console and a mobile app with an aim to help businesses follow their costs.
- Zopa
Founded: In 2005 by Dave Nicholson, Giles Andrews, James Alexander, Richard Duvall, and Tim Parlett
Valuation: €209M
Zopa is a P2P money lending service that allows lenders and borrowers to deal directly with one another, cutting out the banks who act as middlemen. The company makes money by charging a fixed fee for borrowers and a 1% annual fee for lenders.
Founded: In 2015 by Shachar Bialick
Valuation: €227M
Curve as it said «is not a bank – this is the new way of banking». Its app allows to consolidate all customer’s debit and credit cards and accounts into one smart card. Each user’s card is fee-free when spending abroad. Instant 1% cashback at the likes of Amazon, Uber, Netflix and others is also among Curve’s benefits.
Founded: In 2014 by Andreas Bender, David Brown, David Cavalla, and Tim Guilliams
Valuation: €204-€305M
Healx develops AI drug discovery platform leveraging public and proprietary biomedical data and features the knowledge graph for rare diseases. Combining this technology with patient insights and drug discovery expertise, Healx’s mission is to advance 100 rare disease treatments towards the clinic by 2025.
Founded: In 2016 by Harry Franks, Sten Saar, and Stuart Kelly
Valuation: €153-€229M
Zego is a global insurtech business providing flexible commercial insurance for businesses and professionals. It offers a range of products including private hire, scooter, car, courier van, fleet insurances and others.
Founded: In 2013 by
Valuation: €150-€225M
Elvie is a health and lifestyle brand developing smarter technology for women. It offers two products: Elvie Trainer, is an app-connected Kegel trainer that helps women strengthen the pelvic floor via live-minute workouts; and Elvie Pump, the world’s first silent wearable breast pump, which is making it possible for new mothers to pump anytime, anywhere.
Founded: In 2015 by Ben Peters, John Redford, Simon Walker, and Stan Boland
Valuation: €127-€191M
Five AI is a computer software company that works across six UK locations. It develops a cloud-based platform designed for providing a solution in urban mobility in public transport to complex urban environments. Five AI complete self-driving system is already tested on London’s public roads.
Founded: In 2016 by Alex Loizou, Glen Walker, Mandeep Singh, and Maxim Berglund
Valuation: €80-€120M
Trouva is the marketplace for bricks and mortar independent shops, selling homeware and lifestyle products from hundreds of shops and boutiques. Trouva bridges online and offline in retail to offer click and collect, 1-hour delivery, and worldwide shipping in a single platform.
Founded: In 2011 by Ben Grech, Leo Lara, Mariano Kostelec, and Miguel Santo Amaro
Valuation: €87-€131M
Uniplaces is an international website for booking student accommodation online. With Uniplaces, students can book easily and safely – as the startup’s team verify every student home on the website.
Founded: In 2017 by Alex Kendall and Amar Shah
Valuation: €73-€109M
Wayve develops AI software for self-driving cars. Its fully autonomous driving system end-to-end deep learning to develop artificial intelligence capable of complex driving, which can scale across diverse urban environments.
Founded: In 2012 by Chris Sheldrick, Jack Waley-Cohen, and Mohan Ganesalingam
Valuation: €39M
Geocoding startup What3words develops a mapping platform that has divided the world into a grid of 3m squares, giving each a unique three-word label to simplify location sharing. So people can refer to any precise location – a delivery entrance, a picnic spot or a drone landing point, using three simple words.
