United Kingdom

UK influential start-up raises £ 2bn to solve the world’s biggest challenge

  • UK technology helps solve some of the world’s most pressing problems from climate change, health and food insecurity.
  • UK influential start-ups raised £ 2 billion in investment in 2021, up from £ 1.7 billion last year.
  • Impact investing has increased 127% in the UK since 2018
  • Together, these companies are worth £ 50 billion and employ more than 35,000 people.

Britain’s influential technology start-ups, founded to build solutions to the United Nations’ Sustainable Development Goals, are as technology becomes increasingly important in addressing global issues. Raised £ 2 billion in investment this year.

Impact investing in the UK has increased by 127% since 2018, according to a new analysis released today by Dealroom for the UK Digital Economy Council.

This is to commemorate the end of the UK’s G7 Presidency by hosting the Future Tech Forum in London this week by digital secretary Nadindries. The two-day event will be attended by government ministers from around the world. They meet with world-leading experts in industry, civil society and academia to discuss future public policy issues related to the development and use of digital technology. In particular, we will discuss how technology can bring about positive global change and achieve some of the ambitious goals agreed by countries at COP26.

12 Impact Unicorns and Counts

There are currently 12 impact unicorns in the UK. A company worth over $ 1 billion.

The unicorns are:

  • Arrival (London)
  • Octopus Energy (London)
  • Babylon (London)
  • ITM Power (Shefield)
  • Ceres Power Holdings (Hosham)
  • Vertical Aerospace (Bristol)
  • Compass Pathways (London)
  • Depop (London)
  • Ovo Energy (Bristol)
  • British Bolt (Blythe)
  • Tractable (London)
  • BenevolentAI (Cambridge)

Of these twelve, six are based outside of London, demonstrating the broad nature of companies operating in this area. These include Vertical Aerospace, which is based in Bristol and is building a zero-carbon commercial flight taxi. Shefield’s ITM Power, which designs and manufactures hydrogen energy systems. Horsham’s Ceres Power Holdings is developing low-cost next-generation fuel cell technology to enable businesses to deliver clean energy on a large scale.

In addition, there are currently 22 impact future cones. This is a high-growth scale-up that is well underway to reach the unicorn’s reputation over the next few years. These include AgriProtein, an alternative protein startup, Tokamak Energy, a fusion research and energy company, and Bima, a leading mobile delivery health insurance provider with 25 million active users across Asia and Africa. increase. As these companies grow and grow in size, they are expected to become future leaders and globalize technology.

Technology working on global solutions

Impact investing is growing around the world, and investors are keen to support companies that have social and environmental impacts as well as economic benefits. In the UK, nearly 900 influential companies use technologies such as artificial intelligence, deep technology, big data, and blockchain to develop next-generation solutions that address global issues such as climate change, health, and food insecurity. There is a startup and a scale-up. .. From Dundee to Dorset, these companies together are worth £ 50 billion and create over 35,000 jobs.

Most of the capital from Impact Funds is directed at companies that generate clean energy at affordable prices and tackle the climate crisis. Investors around the world are paying more attention given the threat posed by global warming. Overall, climate technology companies account for 65% of transactions in impact space. This is Octopus Energy, a £ 438 million green energy provider that made the biggest impact this year, the electric vehicle subscription platform ONTO, which raised £ 130 million in the Series B round, and a future energy company. Promoted by companies such as Newcleo. Launched earlier this year to confuse the nuclear industry.

Energy companies aren’t the only leaders in the Green Revolution-London-based plastic energy with industrial plants across Spain can be used to clean up plastic waste delivered to landfills. Raised £ 123 million this year to convert to recycled oil, recycled plastic. Last year, UK investment in climate technology accounted for more than a quarter (28.6%) of all European climate technology transactions and is expected to continue to grow in value this year.

In addition to climate technology, UK influential start-ups are focused on solving global health problems. For example, Benevolent AI is one of the UK’s leading health impact companies, using big data and deep learning to discover more effective drugs and recently approved a Covid-19 treatment by US medical regulators. I found. For other health tech companies using big data, Huma, which can enable remote patient monitoring and reduce readmission rates in countries such as the UK and Germany, and proper care for family loved ones. There is Cera, an app that helps you to serve.

Nadindries, a digital secretary, said:

From world-class AI discovering new treatments for Covid-19 to green energy solutions that pave the way for the future of NetZero, UK technology is changing the world for the better.

Our “influential” start-ups are raising nearly £ 2 billion this year to combat some of the most pressing challenges facing the planet.

We want to harness the power of technology to make more environmentally friendly, healthier and safer choices. Today we are hosting the first Future Tech Forum in London to discuss future governance, policies and ways to achieve it through collaboration.

Louisa Alemany, an associate professor of entrepreneurship and private capital research institutes at London Business School and business practices of entrepreneurship, said:

Impact investing has come a long way since the beginning of the late 90’s, which was considered more philanthropic, until investors realized that these investments could bring economic as well as social benefits. .. Technology is at the heart of this, as the way to increase social impact is to apply science and technology. From biotechnology to nanotechnology, clean tech, computer science, and medicine, technology not only improves our lives, but also solves these pressing problems that only entrepreneurs with the right sources of funding can solve. I’m finding it.

Eric Archambeau, partner and co-founder of Astanor Ventures, said:

There are amazing influential British entrepreneurs who are developing innovative technologies to bring nature back to the center of the economy. It is these solutions that transform the economy from extraction systems to regeneration systems, and entrepreneurs are a major driver of this transition.

Remus Brett, General Partner of LocalGlobe and Latitude, said:

COP26 and the ongoing Covid-19 pandemic shed light on the need for bold solutions to tackle these lasting challenges. Companies are aware that they need to make significant changes, and startups like Supercritical can help make real changes, not just greenwashing.

Rana Yared, General Partner of Balderton Capital, said:

With more money invested in UK tech companies than ever before, it’s very important to make sure more and more money is being invested to support this new generation of influential companies. Is important to. While these companies are independent businesses, they have a dual mission to have a positive impact on the world. As these companies grow and grow in size, it is important to have the right conditions to grow and become global leaders.

Gerard Grech, Founding CEO of TechNation, said:

The UK technology ecosystem is constantly innovating both domestically and globally to solve social, economic and environmental challenges. The contribution of these exciting impact technologies to scale-up is more important than ever. This is evident in the increased investment in impact technology seen this year. The UK’s net-zero tech company alone is nearly double the value of last year (a surge from $ 24.4 billion to $ 47.6 billion). However, with 40% of the technology needed to reach net zero on a mass market scale, there is great potential that has yet to be realized. The UK technology ecosystem must do everything possible to support and expand the scale-up of UK’s influential technologies that are shaping our society, economy and future.

end

Note to the editor:

The 12 impact unicorns in the UK are:

  • Arrival (London)
  • Octopus Energy (London)
  • Babylon (London)
  • ITM Power (Shefield)
  • Ceres Power Holdings (Hosham)
  • Vertical Aerospace (Bristol)
  • Compass Pathways (London)
  • Depop (London)
  • Ovo Energy (Bristol)
  • British Bolt (Northumberland)
  • Tractable (London)
  • BenevolentAI (Cambridge)

contact: aimee@burlington.cc

About DEC

The Digital Economy Council is an independent member non-statutory advisory board established to provide advice to the government. Its purpose is to leverage the expertise of the industry and the broader technical community to develop a world-leading digital economy that serves everyone.

About Dealroom:

Dealroom.co is a leading data provider for start-ups, growth companies and technology ecosystems in Europe and around the world. Founded in Amsterdam in 2013, Dealroom.co now works with many of the world’s most prominent investors, entrepreneurs and government agencies to provide transparency, analysis and insight into startups and venture capital activities. increase.

UK influential start-up raises £ 2bn to solve the world’s biggest challenge

SourceUK influential start-up raises £ 2bn to solve the world’s biggest challenge

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