The Top 7 Most Successful Startups in the UK
The UK has a vibrant startup ecosystem that has produced many successful companies over the years. From fintech and e-commerce to healthtech and transportation, UK startups have disrupted traditional industries and transformed the way we live and work. In this article, we'll take a look at some of the most successful startups in history that originated in the UK.
Wise: Wise is a fintech startup that allows people to send money abroad at a low cost. Founded in 2010 by Estonians Kristo Käärmann and Taavet Hinrikus, TransferWise is now valued at over $5 billion and has over 10 million customers worldwide. The company has raised over $1 billion in funding from investors such as Andreessen Horowitz, Baillie Gifford, and Peter Thiel.
Deliveroo: Deliveroo is an on-demand food delivery company that was founded in London in 2013 by William Shu and Greg Orlowski. The company has since expanded to over 200 cities in 12 countries and is now valued at over $7 billion. Deliveroo has raised over $2 billion in funding from investors such as Amazon, Fidelity, and T. Rowe Price.
Farfetch: Farfetch is a luxury e-commerce platform that connects consumers with high-end fashion retailers around the world. Founded in London in 2007 by José Neves, Farfetch is now valued at over $16 billion and has over 2,000 employees. The company has raised over $2.6 billion in funding from investors such as Alibaba, Temasek, and Eurazeo.
Revolut: Revolut is a digital banking startup that offers customers a range of financial services, including foreign currency exchange, budgeting tools, and cryptocurrency trading. Founded in London in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut is now valued at over $33 billion and has over 16 million customers worldwide. The company has raised over $900 million in funding from investors such as DST Global, Index Ventures, and Ribbit Capital.
Monzo: Monzo is another digital banking startup that has gained a loyal following in the UK. Founded in 2015 by Tom Blomfield, Monzo offers customers a range of banking services through its mobile app, including current accounts, savings accounts, and loans. The company is now valued at over $2 billion and has over 5 million customers. Monzo has raised over $500 million in funding from investors such as Accel, Thrive Capital, and Y Combinator.
Babylon Health: Babylon Health is a healthtech startup that provides users with access to medical consultations and health advice through its mobile app. Founded in London in 2013 by Ali Parsa, Babylon Health is now valued at over $2 billion and has over 5 million registered users. The company has raised over $700 million in funding from investors such as Kinnevik, Saudi Arabia’s Public Investment Fund, and Sweden’s Vostok New Ventures.
TransferGo: TransferGo is another fintech startup that specializes in international money transfers. Founded in London in 2012 by Daumantas Dvilinskas and Justinas Lasevicius, TransferGo is now valued at over $200 million and has over 1 million customers. The company has raised over $70 million in funding from investors such as Seventure Partners, Vostok Emerging Finance, and Hard Yaka.
These are just a few examples of the successful startups that have originated in the UK. The country's entrepreneurial spirit and supportive ecosystem have allowed many innovative companies to thrive and make their mark on the global stage. As the startup scene continues to evolve, we at Jump want to support all types of startups allowing them to become the great business they set out to be.
