UK Tech Companies Top Dealroom's $100 Million ARR "Thoroughbreds 100" List

UK Tech Giants Shine in Thoroughbreds 100

The UK tech industry is thriving, with a total of 22 companies making it onto Dealroom's prestigious Thoroughbreds 100 list. This puts the UK in the lead, ahead of Germany with 17, in this exclusive club of highly successful and mature tech firms.

Some of the notable UK companies on this list include Octopus Energy, Infobip, Ocado, and Monzo Bank. The FinTech sector is particularly dominant, with 30 Thoroughbreds, followed closely by enterprise software with 25. British FinTech stars Revolut and Wise are among the most high-profile entries.

In a significant milestone, Oxfordshire-based MedTech Immunocore, spearheaded by Moroccan-born entrepreneur Dr Bahija Jallal, is the only UK firm on the list with a female CEO. Other UK entrants include HealthTech Flo Health, EdTech unicorn Multiverse, and Euan Blair's Multiverse.

The list also includes a number of FinTech companies such as Starling Bank, Tide, and Zopa. In the digital payments sector, GoCardless and Checkout.com are significant inclusions. The list also features tech companies from various sectors like ION Group, Lighthouse, and Synthesia.

AO World, Gousto, and Quantexa are other UK companies that have made it to the Thoroughbreds 100. These companies collectively generated a staggering $168bn in revenue last year and support 367,000 jobs.

London-based Phoenix Court, parent of LocalGlobe, Latitude, and Solar, remains the number one investor in Thoroughbreds, colts, and unicorns across the region. The Thoroughbreds now represent 27% of EMEA's $5.6 trillion tech ecosystem.

However, despite this momentum, Dealroom warns that the UK and wider Europe face a $57bn funding gap at scale-up stage compared with the Bay Area. This highlights the need for continued investment and support for these thriving tech companies.

Seven of Europe's 10 most valuable tech firms founded after 1990 were born in what Dealroom calls the "New Palo Alto" region - London and its surrounding innovation hubs within a five-hour train ride. This further underscores the UK's position as a hub for tech innovation.

In conclusion, the UK tech industry is in a strong position, with numerous companies making it onto the Thoroughbreds 100 list. However, there is still a need for continued investment and support to bridge the funding gap compared with the Bay Area. The UK's position as a hub for tech innovation, particularly in FinTech, continues to grow, with London being part of the "New Palo Alto" region.