This article was originally posted on the Tech City UK website.
Today we’re delighted to announce the companies joining the Future Fifty programme in 2017. We’re also celebrating 26 companies graduating from the programme and the remarkable success of Future Fifty Alumni
Future Fifty gives the 26 fast-growing companies immediate access to a valuable peer network; expert-led classes and workshops designed to take their businesses to the next level; and a higher profile amongst the wider tech ecosystem.
All 26 companies have been identified by a highly experienced and respected judging panel made up of some of the most successful entrepreneurs and investors in UK tech. They believe these companies have the potential to scale rapidly and build significant businesses.
Of the 77 companies that have been through the programme since 2014, Future Fifty’s track record now includes:
Five IPOs on the London Stock Exchange, raising $1.5 bn
17 mergers and acquisitions of which 11 in the last year, including SwiftKey (Microsoft), Housetrip (TripAdvisor), One Fine Stay (Accor Group) and Skyscanner (Ctrip)
Over $3.8 bn raised in funding, across the 77 companies, including more than $1.5 bn in 2016
The companies have created 27,000 jobs around the world, demonstrating the extent to which tech is rapidly creating jobs and wealth throughout the UK
A string of alumni companies that are household names including Just Eat and Zoopla.
Parveen Dhanda, Programme Lead for Future Fifty at Tech City UK, said: “We’re delighted to be working with this year’s intake. Together, they represent the diversity and depth of the UK technology sector. Their passion and talent has seen them do amazing things so far and we look forward to helping them to take the next step.”
Greg Clark, Secretary of State for Business, Energy and Industrial Strategy, said: “The UK has a world-renowned tech and digital sector and the value of the Future Fifty programme has been to support the fastest-growing, most pioneering companies in their final push to build mainstream businesses. The fact that so many Future Fifty companies are now household names is testimony that it works.”
Cherry Freeman, co-founder of LoveCrafts, said: “We are really excited to have made it into the prestigious Future Fifty, alongside such inspiring alumni and peers. We’re proud of the diverse team we’ve built from our London head office, and that we have proved British technology businesses can have global success in new sectors, including crafts.”
Nick Corrie, group CEO and co-founder of Trak Global, said: “Being part of Future Fifty will give us access to a breadth of expertise and experience from people that have walked in our shoes, and a chance to learn from their ‘war stories’. This will be of real value and will help us to achieve our ambitions over the next two years.”
Husayn Kassai, CEO and co-founder at Onfido, said: “From humble beginnings as the first venture from three young Oxford graduates, Onfido has, over the last four years, experienced monumental growth and success. We are looking forward to moving the company to its next stage, with the support of the Future Fifty network, and think that being among a community of innovators will be invaluable.”
Azimo (azimo.com) is an online international money transfer service that allows people to send money to any internet-connected device in over 190 countries
Blis (blis.com) uses location data technology to create audiences for advertisers
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