For the fourth year in a row, Tech Nation, the leading scaleup accelerator for UK tech companies, has recognised what it considers the best early-stage tech scale-ups from every area of the UK. In total, 55 fast-growing tech companies from across the UK have been named this year’s regional winners – five within each UK region.
The finalists celebrating across our region include a business building-system for tradespeople, a home-cooks app and a credit control platform.
To enter, businesses must meet a few simple criteria. Judges select the winners based on value proposition, competitive advantage, traction, team experience and the potential to scale.
The 55 Regional Winners are a mixture of B2B (58 per cent) and B2C (42 per cent), with an average business age of 2.2 years. Almost half have previously attended an accelerator, and 38 per cent have at least one female founder. When it comes to funding, an impressive 69 per cent of the regional winners are generating revenue. In terms of the funding stage they are at, 27 per cent are pre-seed and 36 per cent are seed-funded, while 29 per cent have had no previous rounds of funding.
Almost half of the regional finalists are looking for seed funding, while 34 per cent are looking to raise Series A. 73 per cent of companies are planning to expand internationally in the next 12 months, with 58 per cent wanting to expand into the USA.
The finalist celebrating across our region include
Kanda is a new way of building business for tradespeople, who can offer finance to their customers who want work done in their homes but can’t afford to pay the full amount upfront.
All About The Cooks (Bristol)
All About The Cooks (think Airbnb for food) aims to revolutionise the way we eat at home by bringing together a community of home-cooks. The marketplace website allows talented home-cooks to sell their food to people near via their postcode and filters on the site.
itsettled uses its bank-grade automated cashflow management and credit control platform to identify payment risks and automatically collects overdue invoices. The platform features include automated process, early warning alerts, unlimited users, invoices and credit checker and credit reports, accountancy software integration, credit management resources, pause the process and customer support.
Lumio helps its customers streamline their money, tracking track all their investments, bills, and savings in one place. The process enables customers to save money on upcoming and abnormal bills, and it will also set aside varying amounts of money according to your spending.
AriaTech provides value-added services in the Risk Management field. AriaTech believes in adding value through automation with their industry-acclaimed tools and products to enable clients to increase their productivity and manage their risks better.