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We are thrilled to announce the companies joining the second 2024 edition of the Future Fifty programme for the UK’s next generation of unicorn founders.
Specifically tailored to help support late-stage companies with greater access and growth opportunities, our latest cohort was announced on 12th September at Daylesford Farm by Programme Lead Johnny Mayo, during the inaugural Future Fifty Forum.
The companies in the second Future Fifty cohort of 2024 have collectively raised over £1.1bn and employ more than 2,500 staff. Across both 2024 cohorts, this year’s Future Fifty companies have raised over £2.4bn and have a total headcount of 5,500, with 90% of the companies represented participating in some form of international market expansion.
Participating companies are at a pivotal point in their scaling journey, generating £5m revenue per year or experiencing 50% YoY growth. All will typically have successfully raised Series B funding, be headquartered in the UK and will be a digital/tech-enabled business with a product or service.
Johnny Mayo, Future Fifty Lead, Tech Nation, said:
“This Future Fifty cohort represents some of the most promising and high-potential ventures in the UK right now. We were excited to announce them at today’s first-ever Future Fifty Forum – a unique event bringing together ambitious scaleups with our programme alumni who have gone on to become some of the UK’s most successful tech companies.
What’s clear from this newest cohort is the continued strength across the UK tech scene in sectors such as biotech, aerospace and quantum – this Future Fifty cohort has the potential to bring huge economic value to our tech ecosystem”.
Carolyn Dawson OBE, CEO of Founders Forum Group, said:
“The Future Fifty has long been recognised as the UK’s most prestigious scaleup programmes, and is the only one in the UK catering to late-stage ventures nation-wide. This latest Future Fifty cohort is no exception and is testament to the impressive talent and ambition within the UK tech ecosystem.
Tech Nation’s Future Fifty alumni represent the largest network of pre-IPO companies in the country, with our alumni collectively raising more than £16.3bn and counting. A huge well done to our new cohort, who we’re looking forward to working closely with as they continue on their scaling journey”.
Simon Bumfrey, Head of Technology and Life Sciences at HSBC Innovation Banking UK, said:
“It’s hugely exciting to see the latest cohort from Tech Nation’s Future Fifty programme, which showcases some of the most innovative and fastest growing businesses from a wide range of sectors and regions.
As with previous cohorts, this group will undoubtedly play a key role in shaping the future of the UK’s world class innovation landscape. As a founding partner of the programme, we look forward to seeing their growth and success over the coming years, both in the UK and internationally”.
Meet Our Fantastic Future Fifty 2024 2.0:
Arbor Education – Helping schools transform the way they work.
Bibliu – Bringing students more efficient and equitable access to education.
Bumper – Spreading the cost of car repairs and servicing.
Doctify – Capturing the voice of patients.
Elliptic – Making cryptocurrency more transparent and accountable.
EvaluAgent – Helping call centers deliver great customer experiences.
First Light Fusion – Developing a practical pathway to fusion energy.
FlashPack – Arranging holidays for solo travellers in their 30s and 40s.
Funding Xchange – Providing access to personalised business funding.
Fyld – Helping utilities field teams to make data-driven decisions.
Gen H – Empowering homeowners to track and manage their mortgages.
Haiper – Building perceptual foundation models to empower creatives.
Legl – Bringing law firms into the digital-first world.
Lindus Health – Accelerating clinical trials for healthtech pioneers.
Nyobolt – Delivering super high discharge power and ultrafast charge.
OQC – Employing superconducting circuits to develop quantum computers.
Open Cosmos – Using nano-satellites to provide affordable access to space.
Relation Therapeutics – Using machine learning to improve drug discovery.
Quantum Motion – Scaling quantum computing technology.
Scan.com – Providing diagnostic and preventative scanning services.
Secondmind – Helping engineers design better through machine learning.
Signal AI – Decision making for business leaders through augmented reality.
Veremark – Offering a better path to accurate employee verification.
Vertice – Giving finance leaders cost control, efficiency and flexibility.
Volt.io – Supercharging open banking payments.
Find out more about Tech Nation’s Future Fifty programme here.