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1. TRACXN TOP BUSINESS MODELS REPORT
June 17, 2021
UK & IRELAND TECH

2. UK & Ireland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
UK & IrelandUK & Ireland Tech Funding -
Overview
3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. UK & Ireland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Funding in last 1 year
3
Payments $3.0B
Auto E-Commerce & Content $1.9B
Logistics Tech $1.8B
Banking Tech $1.8B
Cybersecurity $1.7B
Alternative Lending $1.4B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Enterprise Ireland
Mercia
27
22
15
Early
Stage
Business Growth Fund
Mercia
Octopus Ventures
23
20
15
Late
Stage
BlackRock
Draper Esprit
Accel
8
7
6
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
cinch
(2019, )
$1.3B - Series D
SumUp
(2012, )
$895M - Series D
Crossbay
(2020, )
$734M - Series D
eToro
(2007, )
$650M - Series F
Deliveroo
(2013, )
$636M - Series G
OneWeb
(2012, )
$550M - Series F
Ki insurance
(2020, )
$500M - Series D
Checkout.com
(2012, )
$450M - Series C
Infobip
(2006, )
$403M - Series A
Hopin
(2019, )
$403M - Series C
OneWeb
(2012, )
$400M - Series E
Starling Bank
(2014, )
$376M - Series D
London (72%)
Farnham (5%)
Oxford (4%)
Dublin (3%)
Cambridge (2%)
Others (13%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- Satellite Communication Services $1.0B 4 OneWeb | $550M | Series F Link
2-- Payment Card Issuer Processors $935M 8 Checkout.com | $450M | Series C Link
3-- POS Payment Terminals $895M 1 SumUp | $895M | Series D Link
4-- Food Delivery $816M 2 Deliveroo | $636M | Series G Link
5-- Food Ordering Platforms $816M 2 Deliveroo | $636M | Series G Link
6▼5 Digital Native Banks $787M 7 Starling Bank | $376M | Series D Link
7-- Parcel Last Mile Delivery $740M 2 Crossbay | $734M | Series D Link
8▲332 Virtual Events $667M 5 Hopin | $403M | Series C Link
9-- Social Trading Platforms $650M 1 eToro | $650M | Series F Link
10▼6 Drugs for Multiple Cancer Types $546M 16 Vaccitech | $168M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▼8 Data Privacy Management Platforms $522M 4 OneTrust | $300M | Series C Link
12▼10 Data Privacy Software $522M 4 OneTrust | $300M | Series C Link
13▼6 Cyber Vulnerability Assessment Platforms $503M 3 Snyk | $300M | Series E Link
14▼8 Security Testing $500M 2 Snyk | $300M | Series E Link
15--
Internet-First On-Demand Property and Casualty
Insurers
$500M 1 Ki insurance | $500M | Series D Link
16-- Communication Platform as a Service $403M 1 Infobip | $403M | Series A Link
17▼1 Genomic Sequencing Instruments $396M 3 Nanopore | $271M | Series H Link
18▼3 High-Throughput DNA Sequencing Instruments $381M 2 Nanopore | $271M | Series H Link
19▼2 Nano Based DNA Sequencing $381M 2 Nanopore | $271M | Series H Link
20▲7 Internet First Pet Insurers $350M 1 Bought By Many | $350M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▼10 Online Second Hand Car Dealers $342M 2 Cazoo | $311M | Series D Link
22-- Corporate Travel Platforms $329M 2 Sweep | $329M | Seed Link
23▼10 Cheminformatics for Drug Discovery $325M 3 Exscientia | $225M | Series D Link
24▲26 P2P Bank Remittance $319M 2 Wise | $319M | Series F Link
25-- Patent Analytics & Management $300M 1 PatSnap | $300M | Series E Link
26▼4 Gene Therapy Drugs $270M 7 Gyroscope | $148M | Series C Link
27▲2 Diversified Diagnostics > Tests $256M 7 LetsGetChecked | $150M | Series D Link
28▲44 Open Banking API Providers $251M 6 10x | $187M | Series C Link
29▲268 Internet First P2P Business Loans $228M 3 ThinCats | $226M | Series D Link
30▼21 Intelligent Processing Units $222M 1 Graphcore | $222M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲58 Financial Fraud Detection $200M 1 Feedzai | $200M | Series D Link
32-- Fraud Detection Solutions for Banks $200M 1 Feedzai | $200M | Series D Link
33▲478 Payment Fraud Monitoring Solutions $200M 2 Feedzai | $200M | Series D Link
34-- Financial Fraud $200M 2 Feedzai | $200M | Series D Link
35▲20 Ophthalmology Drugs $198M 4 Gyroscope | $148M | Series C Link
36▲103 Salary Linked Loans $177M 2 SalaryFinance | $150M | Series D Link
37▲1 Neuro Psychiatric Disorder Drugs $171M 2 GH Research | $125M | Series B Link
38-- Business Payments Solutions $154M 3 DNA Payments | $141M | Series D Link
39-- Ephemeral Messaging Apps $150M 1 Telegram | $150M | Series D Link
40▲5
Diagnostics (by Technology) > Diagnostic Assays and
Systems > In vitro Diagnostics > Nucleic ..
$150M 1 LetsGetChecked | $150M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
UK & Ireland Tech - Top Funded Business Models - last 1 year
(5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲5 At-Home Preventive Genetic Test Kits $150M 1 LetsGetChecked | $150M | Series D Link
42▲14 Internet First On Demand Auto Insurers $150M 1 Zego | $150M | Series C Link
43▼9 Online Biochemical Testing Labs $150M 1 LetsGetChecked | $150M | Series D Link
44▲753 Retail POS Solutions $144M 2 DNA Payments | $141M | Series D Link
45▲366 Lung Infection Drugs $139M 3 Pulmocide | $92.0M | Series C Link
46▲181 Drugs For Multiple Diseases $122M 7 Alchemab | $82.7M | Series A Link
47-- Unified Identity and Access Management $121M 1 Auth0 | $121M | Series F Link
48▲361 Credit Card Based Point of Sale Financing $120M 4 Zilch | $80.0M | Series B Link
49▼28 Electric Commercial Vehicles $118M 1 Arrival | $118M | Series D Link
50-- Neurological Disorder Drugs $114M 6 Ixaka | $54.3M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OneWeb (2012)
$550M - Series F - Apr 2021
OneWeb (2012)
$400M - Series E - Jan 2021
OneWeb (2012)
$50.0M - Series D - Jul 2020
OneWeb (2012)
Undisclosed - Series D - Jul 2020
Satellite Communication Services - UK &
Ireland
01
9
Back to index
NewSpace (Isotropic Systems)
(# Cos: 99 | $4.4B)
Space Services (Inmarsat)
(# Cos: 34 | $4.1B)
Communication (OneWeb)
(# Cos: 13 | $4.1B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$1.0B ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$4.1B
8
2
13
0
OneWeb
(2012, $4.0B)
Inmarsat Wireless Innovation
(2004, $25.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Checkout.com (2012)
$450M - Series C - Jan 2021
PPRO (2006)
$270M - Series D - Jan 2021
Checkout.com (2012)
$150M - Series B - Jun 2020
PPRO (2006)
$50.0M - Series C - Aug 2020
NymCard (2016)
$7.6M - Series A - Jan 2021
Monavate (2019)
$6.9M - Seed - Mar 2021
Global Processing Services (2007)
Undisclosed - Series C - Oct 2020
View all 8 Funding Rounds on Tracxn Platform
Payment Card Issuer Processors - UK &
Ireland
02
10
Back to index
Payments (Curve)
(# Cos: 1123 | $6.0B)
Enablers (TrueLayer)
(# Cos: 182 | $2.7B)
Issuer Processor (Checkout.com)
(# Cos: 27 | $1.4B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$935M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.4B
14
1
27
6
Checkout.com
(2012, $830M)
Worldpay
(1993, $18.0M)
Global Processing Serv..
(2007, $58.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
POS Payment Terminals - UK & Ireland
03
11
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$895M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$957M
5
-
46
2
Payments (Checkout.com)
(# Cos: 1123 | $6.0B)
Business Payments (GoCardless)
(# Cos: 659 | $2.1B)
POS Payments (Miura Systems)
(# Cos: 71 | $965M)
POS Payment Terminal (SumUp)
(# Cos: 46 | $957M)
SumUp
(2012, $940M)
Miura Systems
(2008, $16.0M)
Nobly Point Of Sale
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SumUp (2012)
$895M - Series D - Mar 2021

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Food Delivery - UK & Ireland
04
12
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$816M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.7B
8
1
56
0
Logistics Tech (myHermes)
(# Cos: 1118 | $4.3B)
Parcel (Parcel2Go)
(# Cos: 306 | $3.6B)
Hyperlocal Delivery (Shutl)
(# Cos: 161 | $2.8B)
B2C (Buymie)
(# Cos: 138 | $2.8B)
Food (Deliveroo)
(# Cos: 56 | $2.7B)
Deliveroo
(2013, $2.7B)
City Pantry
(2013, $8.7M)
Supper
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Deliveroo (2013)
$636M - Series G - Aug 2020
Deliveroo (2013)
$180M - Series H - Jan 2021

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - UK & Ireland
05
13
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$816M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.9B
7
2
62
0
Food Tech (Whisk)
(# Cos: 972 | $3.5B)
Food Discovery and Ordering (OLIO)
(# Cos: 307 | $3.0B)
Restaurant Aggregator (Just Eat)
(# Cos: 129 | $2.9B)
Platform Delivered (Deliveroo)
(# Cos: 62 | $2.9B)
Deliveroo
(2013, $2.7B)
Just Eat
(2001, $127M)
Supper
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Deliveroo (2013)
$636M - Series G - Aug 2020
Deliveroo (2013)
$180M - Series H - Jan 2021

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Digital Native Banks - UK & Ireland
06
14
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$787M (▼31.1%)
7(▼22.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.5B
7
-
11
5
Banking Tech (Tide)
(# Cos: 647 | $8.1B)
Internet First Banks (Starling Bank)
(# Cos: 159 | $5.1B)
Digital Native Banks (Monzo)
(# Cos: 28 | $4.8B)
Diversified (Revolut)
(# Cos: 11 | $4.5B)
Revolut
(2015, $1.3B)
Monzo
(2015, $723M)
Starling Bank
(2014, $803M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Starling Bank (2014)
$376M - Series D - Mar 2021
Monzo (2015)
$119M - Series G - Sep 2020
Revolut (2015)
$99.8M - Series D - Jun 2020
Starling Bank (2014)
$69.2M - Series D - Apr 2021
Monzo (2015)
$68.7M - Series G - Feb 2021
Atom Bank (2014)
$55.0M - Series D - Apr 2021
Revolut (2015)
Undisclosed - Series D - Oct 2020

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Parcel Last Mile Delivery - UK & Ireland
07
15
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$740M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$742M
4
-
10
1
Logistics Tech (Buymie)
(# Cos: 1118 | $4.3B)
Parcel (Deliveroo)
(# Cos: 306 | $3.6B)
Technology Enablers (Crossbay)
(# Cos: 47 | $746M)
Delivery Management (7Bridges)
(# Cos: 45 | $746M)
Last Mile (Gophr)
(# Cos: 10 | $742M)
Gophr
(2014, $6.9M)
Crossbay
(2020, $734M)
Xpreso
(2013, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Crossbay (2020)
$734M - Series D - Dec 2020
Gophr (2014)
$5.6M - Series A - Feb 2021

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Virtual Events - UK & Ireland
08
16
Back to index
Events Tech (Grip)
(# Cos: 545 | $831M)
Online Events (Hopin)
(# Cos: 30 | $675M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$667M (▲9676%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$675M
3
-
30
2
Hopin
(2019, $673M)
CogX
(2015, $1.1M)
HeySummit
(2018, $1.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hopin (2019)
$403M - Series C - Dec 2020
Hopin (2019)
$221M - Series B - Nov 2020
Hopin (2019)
$42.4M - Series A - Jun 2020
HeySummit (2018)
$1.0M - Seed - Oct 2020
Hopin (2019)
Undisclosed - Series C - Jun 2021

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Social Trading Platforms - UK & Ireland
09
17
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$650M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$851M
6
-
25
1
Investment Tech (IHS Markit)
(# Cos: 2223 | $6.0B)
Online Trading Platforms (ETX Capital)
(# Cos: 1066 | $1.3B)
Stocks (Freetrade)
(# Cos: 278 | $1.0B)
Social Trading (eToro)
(# Cos: 25 | $851M)
eToro
(2007, $823M)
Covestor
(2005, $28.1M)
Genesis Vision
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
eToro (2007)
$650M - Series F - Mar 2021

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Vaccitech (2016)
$168M - Series B - Mar 2021
Achilles Therapeutics (2016)
$97.5M - Series C - Nov 2020
Immunocore (2008)
$75.0M - Series C - Jan 2021
Touchlight (2008)
$58.4M - Series B - Mar 2021
Ixaka (2009)
$54.3M - Series C - Jan 2021
Iksuda Therapeutics (2012)
$47.0M - Series A - Jun 2021
Mission Therapeutics (2011)
$15.0M - Series C - Jul 2020
View all 16 Funding Rounds on Tracxn Platform
Drugs for Multiple Cancer Types - UK &
Ireland
10
18
Back to index
Oncology (Oxford Immunotec)
(# Cos: 258 | $4.4B)
Drugs (Immunocore)
(# Cos: 156 | $3.7B)
Diversified (Achilles Therapeutics)
(# Cos: 121 | $2.7B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$546M (▲80.6%)
16(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$2.7B
87
13
121
10
Achilles Therapeutics
(2016, $242M)
Immunocore
(2008, $525M)
Vaccitech
(2016, $217M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Data Privacy Management Platforms -
UK & Ireland
11
19
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$522M (▲4.1%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.1B
19
-
82
3
GRC Software (Featurespace)
(# Cos: 641 | $2.5B)
Compliance (Fenergo)
(# Cos: 398 | $2.1B)
IT Compliance (Sysnet Global Solutions)
(# Cos: 94 | $1.4B)
Data Privacy (OneTrust)
(# Cos: 82 | $1.1B)
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Hazy
(2017, $2.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016)
$300M - Series C - Dec 2020
OneTrust (2016)
$210M - Series C - Apr 2021
OneTrust (2016)
$10.9M - Series B - Jul 2020
Dataships (2018)
$589K - Seed - Nov 2020

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
OneTrust (2016)
$300M - Series C - Dec 2020
OneTrust (2016)
$210M - Series C - Apr 2021
OneTrust (2016)
$10.9M - Series B - Jul 2020
Dataships (2018)
$589K - Seed - Nov 2020
Data Privacy Software - UK & Ireland
12
20
Back to index
Cybersecurity (Auth0)
(# Cos: 1117 | $5.2B)
Data Security (Element)
(# Cos: 278 | $1.4B)
Data Privacy (OneTrust)
(# Cos: 48 | $1.1B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$522M (▲3.6%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.1B
10
-
48
3
OneTrust
(2016, $931M)
Privitar
(2015, $174M)
Meeco
(2012, $8.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015)
$300M - Series E - Mar 2021
Snyk (2015)
$200M - Series D - Sep 2020
ArmorCode (2020)
$3.0M - Seed - May 2021
Cyber Vulnerability Assessment
Platforms - UK & Ireland
13
21
Back to index
Cybersecurity (Auth0)
(# Cos: 1117 | $5.2B)
Application Security (Snyk)
(# Cos: 35 | $999M)
Vulnerability Assessment (Veracode)
(# Cos: 18 | $879M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$503M (▲127%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$879M
10
-
18
2
Veracode
(2006, $107M)
Snyk
(2015, $769M)
Uleska
(2016, $414K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015)
$300M - Series E - Mar 2021
Snyk (2015)
$200M - Series D - Sep 2020
Security Testing - UK & Ireland
14
22
Back to index
Software Testing Tools (Provar)
(# Cos: 130 | $946M)
Testing Types (Snyk)
(# Cos: 52 | $888M)
Security Testing (Veracode)
(# Cos: 13 | $876M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$500M (▲125%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$876M
5
-
13
1
Veracode
(2006, $107M)
Snyk
(2015, $769M)
Uleska
(2016, $414K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet-First On-Demand Property and Casualty
Insurers - UK & Ireland
15
23
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$500M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$500M
1
-
3
1
Internet First Insurance Platforms (HomeTree)
(# Cos: 428 | $2.8B)
Internet First Insurers (Cuvva)
(# Cos: 162 | $1.7B)
P&C (Zego)
(# Cos: 139 | $1.5B)
Diversified (Esure)
(# Cos: 16 | $525M)
Usage-based (Trice)
(# Cos: 3 | $500M)
On Demand (Ki insurance)
(# Cos: 3 | $500M)
Ki insurance
(2020, $500M)
Trice Belong Safe
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ki insurance (2020)
$500M - Series D - Sep 2020

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Communication Platform as a Service -
UK & Ireland
16
24
Back to index
Customer Success Management (Limitless)
(# Cos: 158 | $668M)
CPaaS (Infobip)
(# Cos: 2 | $417M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$403M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$417M
2
-
2
1
Infobip
(2006, $408M)
Pusher
(2010, $9.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Infobip (2006)
$403M - Series A - Jul 2020

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Genomic Sequencing Instruments - UK &
Ireland
17
25
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$396M (▲200%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
3
-
9
2
Genomics (Hologic)
(# Cos: 441 | $5.0B)
Enabling Technologies (Horizon Discovery)
(# Cos: 101 | $1.7B)
Instrument Systems (Genedrive)
(# Cos: 26 | $1.4B)
Nucleic Acid Analysis (QuantuMDx)
(# Cos: 18 | $1.4B)
Sequencing (Nanopore)
(# Cos: 9 | $1.3B)
Nanopore
(2005, $1.3B)
QuantuMDx
(2008, $38.1M)
Base4
(2006, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanopore (2005)
$271M - Series H - May 2021
Nanopore (2005)
$110M - Series G - Oct 2020
QuantuMDx (2008)
$15.2M - Series B - Mar 2021

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Nanopore (2005)
$271M - Series H - May 2021
Nanopore (2005)
$110M - Series G - Oct 2020
High-Throughput DNA Sequencing
Instruments - UK & Ireland
18
26
Back to index
Biotech R&D (Abcam)
(# Cos: 100 | $1.7B)
Instrument Systems (Fluidic Analytics)
(# Cos: 15 | $1.3B)
HT Sequencing Platforms (Nanopore)
(# Cos: 1 | $1.3B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$381M (▲188%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
1
-
1
1
Nanopore
(2005, $1.3B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Nano Based DNA Sequencing - UK &
Ireland
19
27
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$381M (▲188%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.3B
4
-
5
1
Nanotechnology (Arecor)
(# Cos: 197 | $1.8B)
Nanotools (M Squared)
(# Cos: 39 | $1.4B)
Genomics (Silence Therapeutics)
(# Cos: 9 | $1.3B)
DNA Sequencing (Nanopore)
(# Cos: 5 | $1.3B)
Nanopore
(2005, $1.3B)
HelixNano
(2013, $120K)
DNA Electronics
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanopore (2005)
$271M - Series H - May 2021
Nanopore (2005)
$110M - Series G - Oct 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First Pet Insurers - UK & Ireland
20
28
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$350M (▲259%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$522M
1
-
6
1
Internet First Insurance Platforms (HomeTree)
(# Cos: 428 | $2.8B)
Internet First Insurers (Cuvva)
(# Cos: 162 | $1.7B)
P&C (Zego)
(# Cos: 139 | $1.5B)
Pet (Bought By Many)
(# Cos: 6 | $522M)
Bought By Many
(2012, $522M)
Animal Friends Pet Insurance
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bought By Many (2012)
$350M - Series D - Jun 2021

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Online Second Hand Car Dealers - UK &
Ireland
21
29
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$342M (▲89.1%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$583M
2
-
5
1
Second Hand Goods (Depop)
(# Cos: 271 | $861M)
Auto (Cazana)
(# Cos: 110 | $639M)
Cars (Autoquake.com)
(# Cos: 93 | $626M)
B2C (Auto Trader)
(# Cos: 60 | $618M)
Online Dealer (Cazoo)
(# Cos: 5 | $583M)
Cazoo
(2018, $580M)
CarSpring
(2015, $3.3M)
BuyaCar
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cazoo (2018)
$311M - Series D - Oct 2020
Cazoo (2018)
$31.0M - Series D - Jun 2020

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Sweep (2017)
$329M - Seed - Nov 2020
Sweep (2017)
$341K - Seed - Dec 2020
Corporate Travel Platforms - UK &
Ireland
22
30
Back to index
Online Travel (Trainline)
(# Cos: 1216 | $2.5B)
Corporate Travel (Roomex)
(# Cos: 47 | $351M)
Horizontal (Click Travel)
(# Cos: 10 | $336M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$329M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$336M
4
-
10
1
Click Travel Sweep
(2017, $329M)
Mobilleo
(2016, $6.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Cheminformatics for Drug Discovery -
UK & Ireland
23
31
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$325M (▲117%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$820M
16
1
27
2
Life Sciences Tech (Dotmatics)
(# Cos: 393 | $1.5B)
Research & Development (IXICO)
(# Cos: 308 | $1.4B)
Drug Discovery (Oxford Drug Design)
(# Cos: 76 | $1.0B)
Cheminformatics (Exscientia)
(# Cos: 27 | $820M)
Exscientia
(2012, $429M)
Oxford Drug Design
(2001, $7.3M)
C4X Discovery
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Exscientia (2012)
$225M - Series D - Apr 2021
Exscientia (2012)
$100M - Series C - Mar 2021
Optibrium (2009)
Undisclosed - Seed - Feb 2021

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
P2P Bank Remittance - UK & Ireland
24
32
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$319M (▲363%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$1.7B
23
1
151
5
Remittance (Ebury)
(# Cos: 449 | $2.2B)
Internet First Platforms (TransferGo)
(# Cos: 375 | $2.0B)
P2P Remittance (Azimo)
(# Cos: 240 | $1.8B)
Banking Channels (WorldRemit)
(# Cos: 151 | $1.7B)
WorldRemit
(2010, $394M)
Azimo
(2012, $68.8M)
TransferGo
(2012, $65.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wise (2011)
$319M - Series F - Jul 2020
Sokin (2019)
Undisclosed - Angel - Feb 2021

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
PatSnap (2007)
$300M - Series E - Mar 2021
Patent Analytics & Management - UK &
Ireland
25
33
Back to index
Legal Tech (SeedLegals)
(# Cos: 568 | $741M)
Intellectual Property (IP) Management
(SnapDragon Monitoring)
(# Cos: 41 | $395M)
Patent Analytics & Management
(PatSnap)
(# Cos: 13 | $356M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$300M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$356M
5
-
13
1
PatSnap
(2007, $352M)
RoyaltyRange
(2012, $422K)
Aistemos
(2013, $4.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapy Drugs - UK & Ireland
26
34
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$270M (▲144%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.4B
29
6
40
5
Genomics (Nanopore)
(# Cos: 441 | $5.0B)
Applied Genomics (Orchard Therapeutics)
(# Cos: 243 | $3.0B)
Clinical Genomics (Hologic)
(# Cos: 93 | $2.5B)
Therapeutics (Silence Therapeutics)
(# Cos: 40 | $1.4B)
Silence Therapeutics Chimerix
(2002, $95.2M)
Storm Therapeutics
(2015, $68.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gyroscope (2016)
$148M - Series C - Mar 2021
Freeline (2015)
$80.0M - Series C - Jun 2020
MiNA Therapeutics (2008)
$30.0M - Series A - Sep 2020
Phico Therapeutics (2000)
$9.9M - Series A - May 2021
Senisca (2020)
$1.8M - Seed - Mar 2021
GenomeKey (2011)
$259K - Seed - Jan 2021
Nuntius Therapeutics (2021)
$125K - Seed - Jan 2021

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Diversified Diagnostics > Tests - UK &
Ireland
27
35
Back to index
Diversified Diagnostics (LetsGetChecked)
(# Cos: 142 | $511M)
Tests (Hologic)
(# Cos: 142 | $511M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$256M (▲185%)
7(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$511M
52
6
142
7
Hologic LetsGetChecked
(2014, $265M)
Mologic
(2003, $10.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LetsGetChecked (2014)
$150M - Series D - Jun 2021
Congenica (2013)
$50.0M - Series C - Nov 2020
Sense Biodetection (2014)
$50.0M - Series B - Apr 2021
Izon Science (2005)
$10.5M - PE - Jul 2020
Ilara Health (2019)
$3.8M - Series A - Dec 2020
HexagonFab (2017)
$2.3M - Seed - Apr 2021
Sense Biodetection (2014)
Undisclosed - Series B - Oct 2020

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
10x (2016)
$187M - Series C - Jun 2021
Railsbank (2015)
$37.0M - Series B - Nov 2020
Token (2015)
$15.0M - Series B - Jan 2021
Griffin (2017)
$10.2M - Series A - Aug 2020
Heron Data (2020)
$1.2M - Seed - Dec 2020
Heron Data (2020)
$150K - Seed - Aug 2020
Open Banking API Providers - UK &
Ireland
28
36
Back to index
Banking Tech (Revolut)
(# Cos: 647 | $8.1B)
Open Banking (TrueLayer)
(# Cos: 74 | $648M)
Banking APIs (Railsbank)
(# Cos: 40 | $425M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$251M (▲428%)
6( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$425M
10
-
40
5
Railsbank
(2015, $55.0M)
Token
(2015, $50.2M)
Credit Kudos
(2015, $12.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Business Loans - UK &
Ireland
29
37
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$228M (▲2593%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$250M
6
-
12
2
Alternative Lending (Clear Score)
(# Cos: 901 | $4.6B)
Online Lenders (Celsius Network)
(# Cos: 630 | $4.2B)
Business Loans (Iwoca)
(# Cos: 220 | $1.1B)
Diversified (FUNDING XCHANGE)
(# Cos: 46 | $355M)
Marketplace (MarketFinance)
(# Cos: 35 | $355M)
P2P (ThinCats)
(# Cos: 12 | $250M)
ThinCats
(2010, $226M)
Assetz Capital
(2012, $12.0M)
Alternative Business F..
(2014, $7.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ThinCats (2010)
$226M - Series D - Jun 2021
Assetz Capital (2012)
$2.0M - Series B - Oct 2020
Assetz Capital (2012)
Undisclosed - Series B - Jul 2020

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Intelligent Processing Units - UK &
Ireland
30
38
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$222M (▲19.5%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$767M
1
-
2
1
Digital ICs (Picochip)
(# Cos: 21 | $1.2B)
Microprocessors (Frontier Smart Technologies)
(# Cos: 16 | $1.1B)
Artificial Intelligence and Machine
Learning (Omnitek)
(# Cos: 4 | $767M)
Intelligent Processing Unit
(Graphcore)
(# Cos: 2 | $767M)
Graphcore
(2016, $767M)
Silogic
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Graphcore (2016)
$222M - Series E - Dec 2020

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Financial Fraud Detection - UK & Ireland
31
39
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M (▲435%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$382M
2
-
2
2
Big Data Analytics (AMPLYFI)
(# Cos: 184 | $1.0B)
Industry Solutions (GeoSpock)
(# Cos: 59 | $693M)
BFSI (Feedzai)
(# Cos: 17 | $484M)
Fraud Prevention (Featurespace)
(# Cos: 2 | $382M)
Featurespace
(2008, $111M)
Feedzai
(2009, $272M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Feedzai (2009)
$200M - Series D - Mar 2021

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Feedzai (2009)
$200M - Series D - Mar 2021
Fraud Detection Solutions for Banks - UK
& Ireland
32
40
Back to index
Banking Tech (Revolut)
(# Cos: 647 | $8.1B)
RegTech (Yoti)
(# Cos: 103 | $755M)
Fraud Detection (Feedzai)
(# Cos: 8 | $272M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$272M
3
-
8
1
Feedzai
(2009, $272M)
World-Check FCASE
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Payment Fraud Monitoring Solutions -
UK & Ireland
33
41
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M (▲7562%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$362M
7
-
29
4
Payments (Curve)
(# Cos: 1123 | $6.0B)
Enablers (Checkout.com)
(# Cos: 182 | $2.7B)
Payment Security (Ravelin Technology)
(# Cos: 47 | $407M)
Payment Fraud Detection
(Feedzai)
(# Cos: 29 | $362M)
Feedzai
(2009, $272M)
Ravelin Technology
(2014, $37.2M)
Callsign
(2011, $38.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Feedzai (2009)
$200M - Series D - Mar 2021
Ravelin Technology (2014)
$20.6M - Series C - Jul 2020

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Feedzai (2009)
$200M - Series D - Mar 2021
Ravelin Technology (2014)
$20.6M - Series C - Jul 2020
Financial Fraud - UK & Ireland
34
42
Back to index
Cybersecurity (Auth0)
(# Cos: 1117 | $5.2B)
Anti Fraud (Yoti)
(# Cos: 99 | $578M)
Financial Fraud (Featurespace)
(# Cos: 55 | $485M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$200M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$485M
17
-
55
6
Featurespace
(2008, $111M)
Feedzai
(2009, $272M)
Ravelin Technology
(2014, $37.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Ophthalmology Drugs - UK & Ireland
35
43
Back to index
Ophthalmology (Optos)
(# Cos: 58 | $368M)
Drugs (Gyroscope)
(# Cos: 17 | $307M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$198M (▲217%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$307M
12
1
17
3
Gyroscope
(2016, $215M)
Oxular
(2014, $57.5M)
Exonate
(2013, $4.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gyroscope (2016)
$148M - Series C - Mar 2021
Oxular (2014)
$37.0M - Series B - Mar 2021
Transine Therapeutics (2020)
$12.9M - Seed - Jun 2021
Novai (2019)
$636K - Seed - Jul 2020

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Salary Linked Loans - UK & Ireland
36
44
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$177M (▲660%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$499M
4
-
7
3
HRTech (Perkbox)
(# Cos: 2986 | $3.0B)
Employee Benefits (Neyber)
(# Cos: 122 | $892M)
Financial Benefits (Smart Pension)
(# Cos: 24 | $765M)
Salary Linked Loans
(SalaryFinance)
(# Cos: 7 | $499M)
SalaryFinance
(2015, $293M)
Neyber
(2014, $181M)
SalaryFits
(2015, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SalaryFinance (2015)
$150M - Series D - Mar 2021
SalaryFinance (2015)
$27.0M - Series D - Dec 2020

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
GH Research (2018)
$125M - Series B - Apr 2021
Small Pharma (2015)
$46.0M - Series C - Mar 2021
Neuro Psychiatric Disorder Drugs - UK &
Ireland
37
45
Back to index
Neurology (BrainWaveBank)
(# Cos: 137 | $1.2B)
Drugs (Small Pharma)
(# Cos: 76 | $929M)
Psychiatric (COMPASS Pathways)
(# Cos: 7 | $327M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$171M (▲114%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$327M
5
3
7
2
COMPASS Pathways
(2016, $109M)
Small Pharma
(2015, $46.9M)
Alkermes
(1987, $46.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
DNA Payments (2018)
$141M - Series D - Jun 2021
UNIPaaS (2008)
$10.0M - Series A - Feb 2021
Pomelo Pay (2017)
$2.8M - Seed - Dec 2020
Business Payments Solutions - UK &
Ireland
38
46
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Payments (Checkout.com)
(# Cos: 1123 | $6.0B)
Business Payments (GoCardless)
(# Cos: 659 | $2.1B)
Diversified (Paymentsense)
(# Cos: 106 | $184M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$154M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$184M
22
-
106
2
Paymentsense Secure Trading Yordex
(2017, $652K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Telegram (2013)
$150M - Series D - Mar 2021
Ephemeral Messaging Apps - UK &
Ireland
39
47
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Communication Apps (SwiftKey)
(# Cos: 300 | $258M)
Ephemeral (D2D Chat)
(# Cos: 7 | $150M)
Engagement focused (Telegram)
(# Cos: 4 | $150M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$150M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$150M
1
-
4
1
Telegram
(2013, $150M)
Yofam Messenger Boop App
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Diagnostics (by Technology) > Diagnostic Assays and Systems > In vitro
Diagnostics > Nucleic Acid-based > Portfolio of Nucleic Acid-based Assays
- UK & Ireland
40
48
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$150M (▲111%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$265M
3
-
5
1
Diagnostics (by Technology) (Hologic)
(# Cos: 366 | $1.6B)
Diagnostic Assays and Systems (Yourgene Health)
(# Cos: 95 | $656M)
In vitro Diagnostics (Oxford Immunotec)
(# Cos: 95 | $656M)
Nucleic Acid-based (Inivata)
(# Cos: 40 | $522M)
Portfolio of Nucleic Acid-based
Assays (LetsGetChecked)
(# Cos: 5 | $265M)
LetsGetChecked
(2014, $265M)
GeneFirst Isohelix
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LetsGetChecked (2014)
$150M - Series D - Jun 2021

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
At-Home Preventive Genetic Test Kits -
UK & Ireland
41
49
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$150M (▲111%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$267M
3
-
18
1
Genomics (Nanopore)
(# Cos: 441 | $5.0B)
Applied Genomics (Hologic)
(# Cos: 243 | $3.0B)
Consumer Genomics (OptiBiotix Health)
(# Cos: 77 | $274M)
Proactive Healthcare
(LetsGetChecked)
(# Cos: 18 | $267M)
LetsGetChecked
(2014, $265M)
Suisse Life Science Omixy
(2015, $1.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LetsGetChecked (2014)
$150M - Series D - Jun 2021

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Internet First On Demand Auto Insurers
- UK & Ireland
42
50
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$150M (▲140%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$225M
4
-
7
2
Internet First Insurance Platforms (Bought By Many)
(# Cos: 428 | $2.8B)
Internet First Insurers (BIMA)
(# Cos: 162 | $1.7B)
P&C (HomeTree)
(# Cos: 139 | $1.5B)
Auto (By Miles)
(# Cos: 40 | $290M)
Usage-based (Cuvva)
(# Cos: 28 | $251M)
On Demand (Zego)
(# Cos: 7 | $225M)
Zego
(2016, $202M)
Cuvva
(2014, $21.9M)
Tempcover
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zego (2016)
$150M - Series C - Mar 2021

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Online Biochemical Testing Labs - UK &
Ireland
43
51
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$150M (▲79.9%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$282M
9
-
27
2
Healthcare Booking Platforms (Babylon)
(# Cos: 900 | $2.0B)
Diagnostics (LiveSmart)
(# Cos: 45 | $283M)
Internet First Clinical Labs (Thriva)
(# Cos: 37 | $282M)
Biochemical Tests
(LetsGetChecked)
(# Cos: 27 | $282M)
LetsGetChecked
(2014, $265M)
Thriva
(2015, $14.2M)
LiveSmart
(2014, $2.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LetsGetChecked (2014)
$150M - Series D - Jun 2021

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
DNA Payments (2018)
$141M - Series D - Jun 2021
V7 (2018)
$3.0M - Seed - Dec 2020
Retail POS Solutions - UK & Ireland
44
52
Back to index
In Store Retail Tech (BeMyEye)
(# Cos: 439 | $832M)
Payments (V7)
(# Cos: 154 | $171M)
POS (Pointy)
(# Cos: 154 | $171M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$144M (▲ >10K%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$171M
22
1
154
0
Pointy
(2014, $19.3M)
V7
(2018, $3.0M)
Intelligent PoS
(2012, $849K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Pulmocide (2013)
$92.0M - Series C - May 2021
ReViral (2011)
$44.0M - Series C - Aug 2020
Pneumagen (2016)
$3.4M - Series A - Jan 2021
Lung Infection Drugs - UK & Ireland
45
53
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Pulmonology (Aerogen)
(# Cos: 66 | $816M)
Drugs (Vectura)
(# Cos: 26 | $491M)
Lung Infections (ReViral)
(# Cos: 3 | $279M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$139M (▲2737%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$279M
3
-
3
2
ReViral
(2011, $121M)
Pulmocide
(2013, $150M)
Pneumagen
(2016, $8.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Drugs For Multiple Diseases - UK &
Ireland
46
54
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Diversified Pharmaceuticals (Merck)
(# Cos: 82 | $1.8B)
Drugs (GSK)
(# Cos: 82 | $1.8B)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$122M (▲970%)
7(▲250%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$1.8B
56
17
82
7
GSK Merck Jazz Pharmaceuticals
(2003, $265M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Alchemab (2019)
$82.7M - Series A - Apr 2021
Mission Therapeutics (2011)
$15.0M - Series C - Jul 2020
DJS Antibodies (2014)
$8.0M - Series A - Dec 2020
CytoSeek (2017)
$5.0M - Series A - Mar 2021
Blueberry Therapeutics (2011)
$4.9M - Series B - Feb 2021
Mission Therapeutics (2011)
$3.7M - Series C - Jan 2021
Locate Bio (2001)
$2.8M - Seed - Jul 2020

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Auth0 (2013)
$121M - Series F - Jul 2020
Unified Identity and Access
Management - UK & Ireland
47
55
Back to index
Cybersecurity (Sophos)
(# Cos: 1117 | $5.2B)
IAM (Onfido)
(# Cos: 219 | $780M)
Unified IAM (Auth0)
(# Cos: 7 | $333M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$121M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$333M
2
-
7
0
Auth0
(2013, $333M)
ZAKA Idax Software
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Credit Card Based Point of Sale
Financing - UK & Ireland
48
56
Back to index
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$120M (▲2324%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$125M
2
-
2
2
Payments (Checkout.com)
(# Cos: 1123 | $6.0B)
Consumer Payments (Microblink)
(# Cos: 281 | $1.2B)
Payment Cards (Curve)
(# Cos: 151 | $980M)
Credit Cards (Pleo)
(# Cos: 13 | $265M)
General Purpose (MBNA)
(# Cos: 8 | $182M)
Point of Sale Financing (Zilch)
(# Cos: 2 | $125M)
Zilch
(2018, $120M)
Tymit
(2017, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zilch (2018)
$80.0M - Series B - Apr 2021
Zilch (2018)
$30.0M - Series A - Dec 2020
Zilch (2018)
$10.0M - Series A - Sep 2020
Tymit (2017)
Undisclosed - Series A - Oct 2020

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Electric Commercial Vehicles - UK &
Ireland
49
57
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Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$118M (▲5.9%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$229M
1
1
5
0
Electric Vehicles (POD Point)
(# Cos: 618 | $851M)
Automaker (Riversimple)
(# Cos: 229 | $331M)
Commercial Vehicles (Volta Trucks)
(# Cos: 24 | $250M)
Multi Category Commercial
Vehicles (Arrival)
(# Cos: 5 | $229M)
Arrival
(2015, $229M)
London EV Company Bradshaw
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Arrival (2015)
$118M - Series D - Oct 2020

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
Recent Funding Rounds
Ixaka (2009)
$54.3M - Series C - Jan 2021
Beckley Psytech (1998)
$18.9M - Series B - Dec 2020
Wren Therapeutics (2016)
$17.0M - Series B - Jan 2021
Transine Therapeutics (2020)
$12.9M - Seed - Jun 2021
Dunad Therapeutics (2020)
$6.9M - Series A - Mar 2021
Beckley Psytech (1998)
$3.7M - Series A - Jul 2020
Neurological Disorder Drugs - UK &
Ireland
50
58
Back to index
Neurology (BrainWaveBank)
(# Cos: 137 | $1.2B)
Drugs (COMPASS Pathways)
(# Cos: 76 | $929M)
Diversified (C4X Discovery)
(# Cos: 20 | $197M)
Taxonomy
$ Invested in last 1 year in UK &
Ireland Tech
Key Stats
# Funding Rounds in last 1 year in UK &
Ireland Tech
$114M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$197M
13
4
20
4
C4X Discovery GW Pharma
(1998, $46.5M)
Wren Therapeutics
(2016, $44.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. UK & Ireland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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61. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
UK & Ireland Tech - Top Business Models Report
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