The number of UK based technology unicorns - startups valued at over $1billion - surged by around tenfold over the last decade, new figures have shown.
There were just eight firms that held unicorn status in 2010, including Ocado and gambling giant Betfair, but this number had grown to 81 last year, according to data firm Dealroom.co and the Government s Digital Economy Council.
By comparison, France, Germany, Sweden and Israel, which have a combined population of about 170 million, had 85 unicorns between them.
Bursting out: A unicorn is a privately-held startup company worth more than $1billion
There was also a more than twelvefold rise in tech futurecorns, fast-growing startups worth at least $250million that have the potential to become unicorns such as energy provider Bulb and children s entertainment group Moonbug.
The UK becomes the European capital of tech unicorns
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Globalization Partners and Tech London Advocates Announce Partnership to Widen Support for Growing Technology Ecosystem
Alliance Enables Startup Community to Accelerate International Expansion
LONDON, April 28, 2021 /PRNewswire/ Globalization Partners, which enables companies to hire anyone, anywhere, quickly and easily, via its AI-driven, automated and compliant global Employer of Record (EOR) platform, has announced a partnership with
Tech London Advocates (TLA) to support the international expansion of London-based tech businesses.
Tech London Advocates is a network of 10,000 tech leaders, experts and investors who champion London as a global tech hub and campaign to address the challenges facing tech companies in the UK. With no government backing, Advocates volunteer their time to support the grassroots tech community and give the private sector a voice to ensure the growth of the local tech ecosystem.