63 UK tech companies with £100m revenue potential named
Silicon Valley Comes to the UK unveils its 100 Club list of tech businesses set to scale to dream 9-digit revenue marker within five years
Silicon Valley Comes to the UK has today revealed the British tech companies it predicts will hit £100m in revenues in the next three to five years.
Based on the soundings of major tech investors and entrepreneurs, including SVC2UK co-chair Sherry Coutu CBE, Amadeus Capital’s Hermann Hauser, Saul Klein of Index Ventures, Balderton’s Daniel Waterhouse, and Sonali de Rycker from Accel, the selection panel identified 63 next generation tech businesses with the potential to scale fast.
Among the list – the second time SVC2UK has run the index – are many businesses Startups.co.uk and Growing Business readers will already be familiar with, including Young Guns YPlan, EDITD, Affectv, Masabi, Swiftkey, onefinestay, Transferwise, WAYN, and Skimlinks. In last year's list fellow Young Guns Duedil and Hailo were recognised, among others.
Startups 100 companies Seedrs, Hassle.com (formerly Teddle), EVRYTHNG, Love Home Swap, Medikidz, Artfinder, TrialReach and the 2011 Startups Awards Female Entrepreneur of the Year Michelle Wright, founder of charity consultancy Cause4, also made the list
Many of the CEOs will gather today at the CEO Summit at London’s City Hall, where Silicon Valley serial entrepreneurs and investors, including representatives from GoogleX – the search engine’s secret lab, Stanford University, August Capital, Blinkx, and Edmodo, will deliver workshops to the UK cohort.
Entrepreneur, angel investor and the co-chair of Silicon Valley Comes to the UK Sherry Coutu, said the 100 Club are an essential plank in the UK moving towards “churning out as many ‘Twitters, LinkedIns, Facebooks, and Googles’ as the US does per capita”.
She added that the entrepreneurial tech ecosystem now has a duty to ensure the companies grow far beyond £100m to become “the ‘250 Club’, the ‘500 Club’, the ‘1 Billion Club’, and the ‘1 Trillion Club’.”
Emphasising the importance of tracking the UK's most exciting companies, Coutu told Startups: “I know of 15 companies with revenues of between £100m and £200m in Cambridge alone, but we don't talk about them. We should be watching them like hawks and helping to make sure they scale to £500m and beyond.”
Highlighting this, Coutu recounted that when Twitter co-founder Biz Stone spoke at the 2009 SVC2UK Summit, the company was still a fledgling business, albeit one with global profile.
“The IPO this week and multi-billion dollar valuation of the company demonstrates the huge growth opportunities open to new and disruptive technologies….and is a testament to how well companies in the valley are supported through their scale-up phase.
“We want to see the UK nurturing world class companies of this scale and the 100 Club is a good place to look for the ones with significant potential…”
She told Startups that the index is a moving feast, reviewed monthly and set to be amended quarterly, with companies added or subtracted from the list. Coutu explained the 100 Club is focused on turnover rather than valuation as revenues are a gauge of whether people are willing to pay for something, as well as being key to employee growth and tax income for the economy.
Here’s the list in full:
- Affectv : Glen Calvert
- AlexandAlexa.com : Alex Theophanous
- Artfinder : Jonas Almgren
- Asset Match Limited : Iain Baillie
- Axol Bioscience Limited : Yichen Shi
- Base79 : Ashley MacKenzie
- Boticca : Avid Larizadeh
- Bright*Sun : Stephen Piron
- Cause4 : Michelle Wright
- CertiVox UK Ltd. : Brian Spector
- ConcretePlatform : Tristan Rogers
- Coveritas Limited : Sean Redmond
- DataShaka : Richard Edwards
- EDITD : Julia Fowler
- EVRYTHNG Limited : Niall Murphy
- Greenman Gaming : Paul Sulyok
- HealthUnlocked : Jorge Armanet
- HybridCluster : Luke Marsden
- i2O Water : Adam Kingdon
- import•io : David White
- Insane Logic : Zoe Peden
- Intelesant : Jonathan Burr
- itradein.com Ltd : Gerry OReilly
- Jostle Corporation : Brad Palmer
- Kiosked Ltd : Micke Paqvalén
- Love Home Swap : Debbie Wosskow
- Lulu : Alison Schwartz
- Lumi Mobile : Richard Taylor
- M Squared Lasers : Graeme Malcolm
- Marmalade : Harvey Elliott
- Masabi : Ben Whitaker
- Medikidz : Kate Hersov
- Neomobile : Gianluca D'Agostino
- NewVoiceMedia : Jonathan Gale
- onefinestay : Greg Marsh
- Ontrac Ltd : Martyn Cuthbert
- Pocketprof : Peter Hames
- PsychologyOnline : Barnaby Perks
- Realex Payments : Colm Lyon
- RedBite Solutions : Alex Wong
- Rightster : Charlie Muirhead
- Seedrs : Jeff Lynn
- ServerSpace Limited : Tim Dufficy
- Signkick : Sebastiaan Heijne
- Skimlinks : Joe Stepniewski
- Skyscanner : Barry Smith
- sofar sounds : Rocky Start
- Somo : Ben Wynn
- SuperAwesome Ltd : Tom Impallomeni
- SwiftKey : Ben Medlock
- Synthesio : Catriona Oldershaw
- Hassle.com (formerly Teddle) : Alexandra Depledge
- Test and Verification Solutions Ltd : Mike Bartley
- TransferWise : Taavet Hinrikus
- TranslateMedia : Patrick Eve
- Tray.io : Rich Waldron
- TrialReach : Pablo Graiver
- Trustev : Pat Phelan
- WAYN (Where Are You Now?) : Peter Ward
- Wifarer : Philip Stanger
- Worldwide Computer Company (Charity Engine) : Mark McAndrew
- YPlan : Viktoras Jucikas
- Zopa : Giles Andrews
To read SVC2UK's profiles of the businesses, click here.