MVF and a host of Startups 100-ranked businesses among Tech Track 100
Released every year by The Sunday Times, the Tech Track 100 lists the UK's fastest growing private technology companies
MVF, and a host of Startups 100-ranked businesses, have been named in the The Sunday Times Hiscox Tech Track 100.
Released every year, the Tech Track 100 lists the UK tech businesses with the fastest-growing sales over their latest three years.
Launched in 2013, the 2014 Startups Award finalist uses an algorithm to create personalised children’s books by matching their name and gender to the story.
Currently employing 80, the start-up has sold nearly three million customisable books in 200 countries.
In second place, low-cost betting exchange platform and Startups 100-ranked Smarkets reported a rise of 280.05% – and claims its staff set their own salaries and have an unlimited holiday allowance.
While third place went to cyber security start-up Darktrace, a Cambridge-based start-up that uses AI-infused tech to detect suspicious or potentially malicious activity in a firm’s network.
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Valued at $825m, the start-up recently raised $75m in Series D funding, in a round led by Insight Venture Partners.
Lead generation firm MVF, who acquired Startups.co.uk just last February, ranked at 96 on the list, reporting an annual sales rise of 44.06% over the past three years.
Launched in 2009 with Growing Business Young Gun Tom Morgan among its founding team, MVF has established brands across several B2B and B2C sectors.
Recently, MVF’s CEO Michael Teixeira blogged for Growing Business, on why the company takes 350 of its staff to Ibiza every year.
Breaking down the total list, the 100 companies have an average sales growth of 99% per year over the past three years, with sales totaling £2.9bn for 2016/2017, compared to £482m 2013/2014.
The list also included three tech unicorns, peer-to-peer lender and Startups 100-ranked Funding Circle, Young Gun-founded and Startups 100-ranked currency exchange platform TransferWise, and fashtech start-up Farfetch – who recently raised $397m from China’s second-largest e-commerce business, JD.com.
With regards an industry breakdown, 23 of the businesses operate in the software sector, 16 in fintech, 16 in online consumer services, 12 in advertising technology and 11 in hi-tech manufacturing.
While eight work in media and entertainment, six in digital marketing, three in media technology, three in IT consultancy and four in ‘other’.
When divided by geography, 57 are based in London, 12 in the Southeast, eight in the Northwest, six in the East, six in the Northeast, four in Scotland, three in the Midlands, two in the Sotheast and two in Wales.
In total, the 100 businesses employ 15,300 staff.
- Receipt Bank (10)
- GoCardless (11)
- Perkbox (19)
- iwoca (21)
- Yieldify (23)
- Threads Styling (32)
- LendInvest (37)
- Captify (38)
- BBOXX (41)
- Kano (45)
- Zopa (49)
- Secret Escapes (68)
- CV-Library (100)
To view the full Tech Track 100 league table for 2017, click here.