Twitter LinkedIn
    Friday, January 27
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Ten fast-growing scaleups drove UK tech boom in 2020, Tech Nations’ report shows
    Deals & Transactions

    Ten fast-growing scaleups drove UK tech boom in 2020, Tech Nations’ report shows

    March 17, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Night city bouble exposure of Global Futuristic computer digital Abstract.cyber space technology background concept
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Ten scaleups, which between them secured 20 per cent of total UK tech VC investment at USD3.5 billion drove UK tech in 2020, according to Tech Nations’ latest report on the state of the UK tech sector.

    Octopus Energy, Arrival, Cazoo, Gymshark, infobip, Gousto and Hopin were the seven unicorns to achieve unicorn status in 2020, bringing the UK’s total unicorn count in 2020 to 80. An additional six unicorns have already been created so far in 2021: Blockchain, Kymab, PPRO, Touchlight Genetics, Starling Bank and Zego. Online events platform Hopin, which raised USD150 million in 2020, has gone on to raise a further USD400 million Series C round from Andreessen Horowitz and General Catalyst with a valuation of USD5.65 billion.

    Valued at USD585 billion, startups and scaleups more than doubled their collective value since 2017. Germany, which is the second most valuable European scaleup ecosystem, was valued at USD291 billion. London-based electric vehicle startup Arrival, together with green energy provider Octopus Energy secured the biggest rounds for UK impact startups in 2020 – at USD400 million and USD577 million respectively.

    Read more at Private Equity Wire

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Investments tech
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    University of California invests $4 bn in redemption-stricken REIT

    January 3, 2023

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Brookfield reinsurance unit to buy American National for $5.1 bln

    August 9, 2021

    Apex Group closes £1.5B acquisition of Sanne

    August 4, 2022

    PointClickCare’s value rises to $5B from Hellman & Friedman and JMI Equity

    July 18, 2022

    Capital Dynamics Closes Global Secondaries V Fund Above Target

    March 26, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?