UK tech startups and scaleups to watch in 2022

The UK is still Europe’s leading startup hub, attracting $40.6bn in venture capital funding in 2021.

The reference point of Europe’s tech landscape, the UK tops virtually every chart and metric of the region’s startup universe.

Its 48 unicorns and 40,000 startups get the most funding, close the most deals, and realise the most exits than any other country across the continent. It’s an increasingly mature tech space capable of pulling its weight against other global ecosystems.

While growth rates have slowed down in line with global market turmoil, the UK’s ecosystem value jumped 42.8% in 2021, and is steadily approaching $1tn — as much as Germany, France and Sweden combined, and third worldwide, according to Dealroom.

Sifted ranked the most promising startups across the UK in a weighted selection of new entries, older faces and fast-growing hits.

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Huboo's logo

Huboo

Transportation, Marketing /

huboo.co.uk

Bristol, United Kingdom

2019

€93m

Series B

€360

201-500

Elliptic's logo

Elliptic

Legal, Fintech /

elliptic.co

London, United Kingdom

2013

€91m

Series C

€273

51-200

Zapp's logo

Zapp

On-demand delivery /

tryzapp.com

London, United Kingdom

2020

€91m

Series A

51-200

Oakbrook Finance's logo

Oakbrook Finance

Nottingham, United Kingdom

2011

€170m

Growth Equity VC

51-200

Palta (previously Haxus)'s logo

Palta (previously Haxus)

Health, Enterprise Software /

palta.com

London, United Kingdom

2016

€91m

Series B

€455

51-200

Beckley Psytech's logo

Beckley Psytech

Beckley, United Kingdom

2019

€90m

Series B

€348

11-50

Yapily's logo

Yapily

Fintech /

yapily.com

London, United Kingdom

2017

€63m

Series B

€232

51-200

Riverlane's logo

Riverlane

Quantum Computing /

riverlane.com

Cambridge, United Kingdom

2017

€21m

Series A

50-100

Kuda Technologies's logo

Kuda Technologies

Fintech /

kuda.com

London, United Kingdom

2019

€83m

Series B

€455

201-500

Token's logo

Token

Security, Fintech /

token.io

London, United Kingdom

2015

€83m

Series C

€182

51-200

Oxbotica's logo

Oxbotica

Robotics, Transportation /

oxbotica.com

Oxford, United Kingdom

2014

€82m

Series B

€214

201-500

ONTO's logo

ONTO

Transportation /

on.to

Royal Leamington Spa, United Kingdom

2017

€82m

Series B

€398

51-200

Paragraf's logo

Paragraf

Semiconductors /

paragraf.com

Somersham, United Kingdom

2015

€77m

Series B

€273

51-200

Sonovate's logo

Sonovate

Fintech, Jobs Recruitment /

sonovate.com

Cardiff, United Kingdom

2012

€80m

Late VC

€330

51-200

Yulife's logo

Yulife

Health, Fintech /

yulife.com

London, United Kingdom

2016

€79m

Series B

€315

51-200

Fidel API's logo

Fidel API

Fintech /

fidel.uk

London, United Kingdom

2013

€77m

Series B

€295

51-200

ENOUGH's logo

ENOUGH

Glasgow, United Kingdom

2015

€67m

Series B

€210

11-50

Copper's logo

Copper

Security, Fintech /

copper.co

London, United Kingdom

2018

€77m

Series B

€227

51-200

Olsam's logo

Olsam

Marketing /

olsamgroup.com

London, United Kingdom

2020

€75m

Series A

€375

51-200

DnaNUDGE's logo

DnaNUDGE

Health /

dnanudge.com

London, United Kingdom

2015

€73m

Series A

€273

51-200

Logos provided by Clearbit