07 Feb 30 of the UK’s most exciting scaleups join the prestigious Upscale programme
After a nationwide call-out and an intensive and thorough judging process, we are delighted to announce the 30 companies joining Tech Nation’s flagship programme for mid-stage, fast-growing tech companies: Upscale 5.0.
“The UK has a fantastic track record of producing globally successful tech companies and this is another strong group of firms that will benefit from Tech Nation’s Upscale programme. It highlights the strength and diversity of our digital economy with startups in fintech, retail and recruitment. We are doing all we can to ensure the tech sector gets the support it needs to thrive.” Digital Minister Matt Warman
With previous cohorts including companies such as Elvie, Bulb and Bloom & Wild, the prestige that the Upscale programme carries is high. Not only that, but the calibre of judges on our judging panel represent incredible expertise, including names such as Sarah Wood, author of Stepping Up and Cherry Freeman, CEO of LoveCrafts.
“It’s incredibly exciting to announce the 30 companies joining the Upscale 5.0 programme, especially with many of this year’s cohort using technology to address important societal issues around health, waste and education. Through workshops and peer networking, Tech Nation’s Upscale programme helps some of the UK’s most disruptive tech companies solve crucial scaling challenges, including international expansion, hiring and retaining talent at pace and developing leadership capabilities.” Liam Ward, Upscale Lead, Tech Nation.
“The Upscale cohort once again represents the most exciting up and coming tech companies in the UK. I’m delighted to support the programme this year, and support the valuable work done by Tech Nation in addressing the key challenges faced by fast-growth companies, whether it be going global, managing a board or retaining talent.” Sarah Wood, Tech Founder, Board Director and Author of Stepping Up
The rise of scaleups
Investment in scaling companies in the UK is on the increase, with UK scaleups outperforming their peers in 2019 – raising £10.1.bn, more than France (£3.8bn) and Germany (£5.4bn) combined. Our latest report with Dealroom highlighted that UK Series A and B round investments increased by 28% between 2018 and 2019.
The 30 companies joining Upscale further prove that maturing tech ecosystem in the UK. The Upscale 5.0 (2020) cohort companies raised on average 71% more than the Upscale 2.0 cohort – with the average Series A round increasing from £4.2m in 2017, to £7.2m in 2020.
“The Upscale programme selects the very best of UK tech for a chance to participate in a unique series of learning and development modules on all aspects of scaling a company, alongside a peer group of other outstanding founders. The judging process was energising and I look forward to seeing how the chosen companies make the most of this opportunity.” Check Warner, Diversity VC and Ada Ventures
And it’s not just investment that’s increasing. Average revenues of the Upscale cohort have grown by 64% over 3 years, while the average number of employees has risen by 48% compared to previous cohorts.
To find out more go to: https://technation.io/news/upscale-cohort-2020/?utm_campaign=February%202020%20Newsletter&utm_source=hs_email&utm_medium=email&utm_content=82934072&_hsenc=p2ANqtz-9eES3zO_jq9rQnonitfGD8bM_bDzotaRYdNnnn1kLDLyIPkFT2V1urP6HYvYvvuduieRkQhsj4NRARpBb8LWJqakHk8w&_hsmi=82934072