We've been selected for Tech Nation's Upscale 8.0

We are delighted to be one of 35 mid-stage scaling tech companies that have been accepted into Upscale 8.0 – the eighth iteration of the Upscale programme, which supports the UK’s fastest-growing mid-stage (Series A) tech companies to overcome common growth challenges and scale faster. 

This stage is a critical time in every scaleup’s journey, as around 60% of companies that raise Pre-Series A funding fail to make it to Series A or beyond.

The success of the 35 companies – which have an average growth rate of 250% – reflects the strength of the mid-sized market overall, which is growing faster than ever across the board. Data from Tech Nation and Dealroom today reveals that mid-stage scaling tech companies (at Series A) have raised $5.1bn in 2022 (January – August) so far already – an all time record for H1 – compared to $5.6bn in the whole of 2021. The top three fastest scaling sectors for mid-stage companies in 2022 are fintech (the fastest scaling sector, which has received $1.4 billion in VC investment this year), then healthtech (with $769mn) and then energy tech (with $542mn). 

According to new data from Dealroom and Tech Nation, the UK currently has 166 tech ‘futurecorns’ (fast-growing tech businesses under 10 years old set to achieve a $1bn+ valuation) in the pipeline, demonstrating the rapid growth of UK tech as companies innovate to solve social, economic and environmental challenges.