The UK tech ecosystem stands at the forefront of innovation and growth, embodying a dynamic landscape that blends tradition with cutting-edge advancements.
With hubs like London, Cambridge, and Manchester driving momentum, the sector continues to expand across diverse domains including fintech, AI, biotech, and clean energy. Startups and established companies alike benefit from a supportive regulatory environment and robust investment, fostering a climate ripe for entrepreneurial ventures and technological breakthroughs.
Collaborations between academia, industry, and government further propel research and development, positioning the UK as a global leader in technology and innovation well into the future.
Here are ten companies that secured substantial investments, driving forward advancements across various sectors.
Arm
Industry: Semiconductors
Amount raised in 2023: $5B
Arm is a semiconductor and software design company, renowned for its development of Arm architecture and its role as a leading designer of microprocessors and related technologies.
Arm computing platforms stand out as the most energy-efficient globally, consistently pushing performance boundaries to drive the evolution of smart, AI-capable, visually immersive, and increasingly autonomous experiences across devices ranging from tiny sensors and smartphones to automobiles and data centres.
This exceptional blend of performance and efficiency not only revolutionized the smartphone industry but positions Arm to drive every future technology revolution.
Zenobe Energy
Website:
Industry: Energy
Amount raised in 2023: £800M
Zenobe Energy is a company specializing in energy storage and services, playing a crucial role in the transition to a low-carbon economy.
Zenobe focuses on providing advanced battery storage solutions and electric vehicle (EV) charging infrastructure to optimize energy usage and support grid stability.
The company designs, finances, builds and operates battery solutions. Their batteries capture renewable energy, balance its supply on the grid and transport it to electric vehicles and at the end of their lifecycle the company repurpose them.
Octopus Energy
Industry: Energy
Amount raised in 2023: €974.3M
Octopus Energy is a forward-thinking energy supplier, known for its innovative approach to providing renewable energy solutions.
The company’s mission is to make power greener, smarter, and more affordable for everyone worldwide.
Octopus Energy distinguishes itself by using smart technology to optimize energy usage and reduce costs for consumers. The company is committed to sustainability, supporting the transition to a greener future with renewable energy sources and innovative tariffs that promote energy efficiency.
ThinCats
Industry: Fintech
Amount raised in 2023: £696M
ThinCats is a prominent alternative finance provider specializing in SME lending.
Initially a peer-to-peer lending platform, it now combines peer-to-peer and institutional funding to offer tailored loans with risk-based pricing.
ThinCats has earned industry recognition for its innovative approach, expanding to include secured loans and flexible finance solutions while prioritizing transparency in its operations.
AtlasEdge
Industry: Software
Amount raised in 2023: €725M
AtlasEdge is a dynamic company specializing in providing robust and innovative IT solutions and services, with a vision to empower a sustainable digital society by enabling infrastructure where it’s needed.
The company focuses on delivering cutting-edge technology solutions that empower businesses to optimize their operations and achieve growth.
With a strong commitment to excellence and customer satisfaction, AtlasEdge offers tailored IT strategies, cybersecurity solutions, cloud services, and managed IT support.
LendInvest
Industry: Fintech
Amount raised in 2023: €718.3M
LendInvest is a fintech company, specializing in providing alternative property finance.
The company offers short-term property loans and buy-to-let mortgages through an online platform. LendInvest combines technology with expertise to streamline the lending process, offering fast and flexible financing solutions for property investors and developers.
The company has developed an asset management platform aimed at simplifying the mortgage application process by minimizing paperwork, accelerating approval times, and enhancing the overall customer experience for borrowers, intermediaries, and investors alike.
Conigital
Industry: Transportation
Amount raised in 2023: £500M
Conigital is an innovative company at the forefront of autonomous vehicle technology and mobility solutions.
The company automates commercial and industrial fleets in ports, yards & airports to help them Go Zero & Autonomous.
Founded with a vision to revolutionize transportation, Conigital develops cutting-edge software and hardware solutions that enable autonomous and connected mobility services.
Abound
Industry: Fintech
Amount raised in 2023: £500M
Abound is a company that offers low-cost, fair and flexible lending solutions which serve borrowers’ interests and their long-term financial health.
The company uses artificial intelligence and Open Banking data to create comprehensive profiles of loan applicants. This approach enables the company to offer borrowers more competitive interest rates compared to traditional institutions that typically rely solely on credit scores.
Using its advanced pre-screening system and continuous monitoring of borrowers’ financial activities, Abound has achieved a significant reduction in loan defaults, reporting a rate 75 per cent lower than the industry average.
SumUp
Industry: Fintech
Amount raised in 2023: €376.1M
SumUp is a fintech company that provides simple, accessible payment solutions for small businesses and individuals.
The company offers a range of payment devices and tools that enable merchants to accept card payments efficiently and affordably. It has expanded globally, serving millions of customers in over 30 countries.
SumUp’s mission is to empower businesses of all sizes with the tools they need to thrive in an increasingly cashless world, making card payments accessible to everyone, everywhere.
Low Carbon
Industry: Energy
Amount raised in 2023: €356M
Low Carbon is an investment company specializing in renewable energy infrastructure which focuses on developing and managing renewable energy projects, including solar, wind, and energy storage solutions.
The company develops extensive renewable energy infrastructure to combat climate change.
Low Carbon constructs, possesses and manages renewable energy assets, striving to establish a net zero energy enterprise dedicated to safeguarding the planet for future generations.
Their goal is to achieve a global energy landscape powered entirely by renewable sources.