Upscale

Equipping scaleups on the road to Series B

Upscale exists to accelerate the growth of the UK’s most promising mid-stage tech companies by equipping them with the knowledge, connections, and tools needed to scale successfully.

This high-impact, three month programme caters to ambitious founders and their leadership teams at a critical juncture in the startup lifecycle, with a strong emphasis on preparing for a Series B investment in today’s challenging fundraising environment. 

The programme consists of expert-led workshops, peer-to-peer support, and access to a vast network of successful entrepreneurs and industry leaders. By leveraging these resources, Upscale ensures a comprehensive support system for rapid expansion and sustainable growth.

Applications for our Upscale programme are now open!

Previous Upscale Alumni

Who can apply

The Upscale Programme is for the fastest growing companies in the UK, typically at Series A and looking to raise Series B.

 

Upscale companies will have:

  • Raised a £5m+ Series A funding round OR £1.5-£5m revenue
  • 20% month-on-month growth
  • HQ in the UK
  • Founder commitment to actively participate in the programme

Interested in partnering with Upscale?

Join us in championing this gamechanging programme…

– Engage with the cohort through our many platforms including events, dinners and more.

– Showcase your commitment to fuelling the UK’s top scaleups by your brand with Upscale.

– Gain visibility among forward thinking leaders in tech creating cutting edge businesses and life changing solutions.

Upscale FAQs

What is Upscale?

Upscale is a 3-month growth programme, helping the UK’s fastest growing companies scale faster, together.

Based on values of honesty, intimacy and trust, this established, curated programme is designed to reflect companies’ scaling journey. Companies will explore fundamental growth challenges with peers and benefit from sessions delivered by expert scale coaches who have been through it all.

We offer over both direct founder support, as well as workshops for senior leaders on the themes of People, Operations, Funding and Finance.

When does the programme take place?

Applications will close mid-August, and the programme will begin mid-September. The programme will then take place across 3-months, to finish up mid-December.

Where is the programme held?

Upscale will feature a mix of in-person and online workshops. The in-person sessions will be held in London, usually in the afternoon to accommodate for those travelling from outside of London. In addition to workshops, there will be a series of accompanying events such as the launch event, founder dinners and investor drinks, all held in London.

What content does the programme cover?

Upscale looks to tackle some of the trickiest challenges faced by scaling companies and, as such, the programme content is designed to mirror your scaling journey.

In Upscale 9.0, our goal is to support the cohort in preparing to raise their Series B. With that in mind, the workshop schedule is structured around the themes of People, Operations, Funding & Finance. Each session will feature an expert scale coach sharing a detailed perspective along with tactical lessons for both founders and their C-Suite.

What criteria do I need to hit to be eligible?

If you are a VC funded business you will have: raised Series A VC funding (£3M+ for regional companies and £5M+ for London companies)
OR
If you have previously received Angel/VC funding, but are now focussed on revenue growth you will have: revenues of £1.5m – £5m
OR
If you are bootstrapped and focussed on revenue growth, you will have: revenues of £1m +
AND
you will be growing at a rate of 20% month-on-month.
AND
All companies must be headquartered in the United Kingdom

What do you mean by ‘digital tech’?

Upscale does not provide support for consultancies. All eligible companies will (a) provide a digital technical service/product (including hardware and platforms) or (b) provide a product/service that is reliant on digital technology, as their primary revenue source.

Can a company apply from any sector?

Yes! Upscale is a sector agnostic programme. That means we support digital companies from every and any sector (in the past sectors have included; fintech, e-commerce, proptech, spacetech, agtech, edtech, health & biotech, saas and more…). We support B2B, B2C and B2B2C companies.

We’ve had an M&A or been through an IPO. Are we still eligible?

Your company is ineligible if it has merged, been acquired or been through an IPO.

Do I have to be based in the UK?

Yes. All companies must be headquartered in the United Kingdom. We encourage businesses from across the whole of the UK to apply. If more than 40% of your workforce are based outside of the UK, we would not recommend making an application, as attendance in-person from founders and your senior leaders is extremely important.

Can I apply this year if I was unsuccessful last time?

Yes – if you were previously unsuccessful and meet the criteria, you are welcome to reapply!

Do you take equity?

All Tech Nation programmes are free to join, and we don’t take an equity stake in your business either.

Founding Partner

HSBC Innovation Banking provides commercial banking services, expertise and insights to the technology, life science and healthcare, private equity and venture capital industries. HSBC Innovation Banking UK is a subsidiary of HSBC Group, benefiting from its stability, strong credit rating and international reach to help fuel its growth.