12 fast-growth UK tech businesses selected to join Future Fifty programme
Young Gun founded TransferWise and Adzuna among companies chosen for second wave of Tech City UK initiative as JustEat and Zoopla “graduate” from scheme
Tech City UK has announced the 12 technology and digital companies to join the second round of its Future Fifty programme; an initiative which seeks to support fast-growth businesses to make their initial public offerings (IPOs) in the UK.
Selected by a panel of industry leaders including Blinkx founder Suranga Chandratillake and Robin Klein of Index Ventures, the new members will now receive growth include Young Gun-founded money transfer platform TransferWise (pictured) and job listing site Adzuna, founded by 2014 Young Gun Andrew Hunter.
Launched in October 2013, the year-long programme aims to connect its members with the public and private sector in order to help them scale and lay the basis for flotation on the London Stock Exchange and will be providing its new members with with “bespoke support” to drive growth.
As part of the second wave of the programme, 12 companies are “graduating” from the scheme to form an alumni class having “advanced to the next stage of growth”. These alumni companies include Just-Eat, Zoopla and Skyscanner.
Said to represent the FinTech, AdTech, EdTech and e-commerce sectors, the new Future Fifty businesses are:
- Go Cardless
- LMAX Exchange.
- Performance Horizon
On becoming a member of the Future Fifty programme, TransferWise co-founder Taavet Hinrikus, said:
“In order to keep London as a driving force for both FinTech and innovation, it’s important to have good communication with the government. Tech City UK’s Future Fifty programme is helping startups like TransferWise to do just that.”
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Philipp Stoeckl, director of the Tech City UK Future Fifty programme, continued: “The new companies selected for the Future Fifty represent some of the nation’s most exciting and innovative digital businesses.
“The Future Fifty team looks forward to working closely with these new companies to help them reach the next stage of their growth journey.”