Tech Nation, part of Founders Forum Group, unveiled the latest cohort of the Future Fifty programme at an event hosted by prime minister Keir Starmer and finance minister Rachel Reeves at Number 10 Downing Street on Wednesday evening.
Over 1,000 UK companies and 30% of the country’s unicorns have taken part in a Tech Nation growth programme — including Revolut, Wise, Skyscanner, Darktrace and Monzo — which offers practical support and sponsors trips to Singapore, New York and Dubai to connect founders with international investors.
Twice a year, the programme inducts 25 companies — typically those that have successfully raised a Series B and are generating revenues of at least £5m, or experiencing 50% year-on-year growth.
The latest cohort of 25 scaleups has raised over £3bn and employs more than 1,800 people, including companies such as AI synthetic voice generating unicorn ElevenLabs, digital lending fintech Abound and AI legaltech platform Lawhive.
Of those selected, 18 are headquartered in London and two are based outside of England: Edinburgh-based low-code LLM platform LLM and Queen’s University Belfast climate tech spinout Catagen. 10 of the 25 companies selected are fintechs, followed by six in climate tech.
The 25 companies selected:
Abound
HQ: London
Launch year: 2020
Sector: Fintech
Profitable digital lending fintech Abound uses open banking and AI to offer more affordable loans to individuals than traditional lenders. Ranked 11th on this year’s Sifted 100: UK & Ireland Leaderboard, it achieved revenues of £68.5m in the year to February 2025, up from £27.1m and £3.7m in the respective years prior. Abound raised a £500m Series B in January 2024 and more recently secured a €300m debt facility from Deutsche Bank in March.
Audoo
HQ: London
Launch year: 2018
Sector: B2B SaaS
Backed by music legends Sir Elton John, Sir Paul McCartney and ABBA founder Björn Ulvaeus, Audoo helps music artists to receive fairer royalty payments from public performances with improved music recognition software. The company has raised more than $22m from investors to date.
Autogen AI
HQ: London / New York
Launch year: 2022
Sector: B2B SaaS
Autogen AI offers AI-powered bid creation and contract procurement technology, reducing drafting time and costs, increasing productivity and win rate. It announced the closing of its $39.5m Series B in December 2023, co-led by Salesforce Ventures and Spark Capital, with participation from Blossom Capital, and featured on Sifted’s 2024 B2B SaaS Rising 100 ranking.
BeZero Carbon
HQ: London
Launch year: 2020
Sector: Climate tech
BeZero Carbon is a global carbon ratings agency for the voluntary carbon market, providing independent assessments of carbon credits’ efficacy in achieving CO2 avoidance or removal. It raised a $32m Series C in January led by Temasek-founded GenZero, with support from investors including Japan Airlines, Translink Innovation Fund, EDF Pulse Ventures and Molten Ventures.
Catagen
HQ: Belfast
Launch year: 2010
Sector: Climate tech
Queen’s University Belfast spinout Catagen is a green emissions testing facility that works with some of the world’s biggest automotive brands to optimise catalytic converter development and reduce tailpipe emissions.
Dexory
HQ: London
Launch year: 2015
Sector: Deeptech
Formerly known as BotsAndUs, Dexory develops autonomous robots and AI logistics solutions to optimise warehouse operations. The company raised an $80m Series B in October as it looks to expand to the US, led by DTCP with support from Atomico, Lakestar, Capnamic, Latitude Ventures, Wave-X and Bootstrap Europe.
Electron
HQ: London
Launch year: 2015
Sector: Climate tech
Electron’s configuration market platform allows electricity system and network operators, renewable generators and flexible energy consumers to optimise their use of both variable renewable power and network capacity based on time and location. It raised £4m in funding from Riverstone Holdings, Nesta Ventures, One Planet Capital and East Alpha in September 2023.
ElevenLabs
HQ: London / New York
Launch year: 2022
Sector: Deeptech / AI
Founded by Google and Palantir alumni, ElevenLabs is building AI tech for synthetic voice generation. Its tool converts text to speech, featuring emotion and intonation, allowing clients like publishers and content creators to turn written material into audio. It raised a $180m Series C at a $3.3bn valuation in January co-led by Andreessen Horowitz and Iconiq Growth, only a year after at its $80m Series B, also co-led by Andreessen Horowitz, with support from Nat Friedman and Daniel Gross.
Fundment
HQ: London
Launch year: 2014
Sector: Fintech
Fundment provides a platform for financial advisers to manage investments, portfolios and client onboarding. The profitable fintech raised a £45m Series C in funding in January in a round led by growth-stage investor Highland Europe. Fundment recorded revenues of £5.8m in the year to July 2024, up from £2.7m in the previous year.
Gravitee
HQ: London / Denver
Launch year: 2016
Sector: B2B SaaS
API management platform Gravitee helps businesses manage the digital connections that enable applications and systems to talk to each other. It’s raised $66m in funding, most recently a $30m round led by Riverside Acceleration Capital with participation from Kreos Capital, AlbionVC and Oxx in 2022. According to information submitted to Sifted, Gravitee recorded revenues of £8.9m in 2024, up from £6.7m the year prior.
Gravity Industries
HQ: Salisbury
Launch year: 2017
Sector: Deeptech
Gravity has invented, designed, built and flown the world’s first propulsion suit. The ‘human flight pack’ can carry its wearer more than 600 metres in the air at speeds of up to 85mph for military use. It raised a $13.3m Series B last year, and counts Draper Associates, Boost VC, LS7 Capital and Spacetime Holdings on its cap table.
Hexarad
HQ: London
Launch year: 2016
Sector: Healthtech
Hexarad, founded by a group of NHS consultant radiologists, has developed a radiology platform that delivers fast, accurate radiology reporting to optimise healthcare efficiency and patient outcomes. It raised €13m in funding last August from European healthtech growth equity investor MTIP, alongside existing shareholders including the Foresight Group.
Lawhive
HQ: London
Launch year: 2021
Sector: B2B SaaS
Lawhive sells an AI-powered platform for lawyers focused on consumer and small business law, deploying the tech to help with workflow management, compliance and payments. It also matches lawyers with clients through a marketplace. Lawhive charges lawyers based on the volume of legal fees they bill through the platform. The legaltech startup raised a $40m Series A in December led by Google Ventures and TQ Ventures.
Malted AI
HQ: Edinburgh
Launch year: 2014
Sector: Deeptech / AI
Malted AI is a low-code platform that allows in-house software engineering teams to build and deploy LLM-enabled applications at scale. Its technology takes the output of large models and distills them into smaller ones, allowing enterprises to apply small language models (SLMs) that solve domain-specific problems with 10-100x cost savings. The Scottish startup secured a £6m seed investment from Hoxton Ventures and Creator Fund in May 2024.
NatureMetrics
HQ: Guildford
Launch year: 2014
Sector: Climate tech
The biodiversity monitoring startup provides DNA sampling tech to infrastructure and utility companies to track the species present in different locations they operate in. It raised a $25m Series B in January led by Just Climate, EDF Pulse Ventures and Monaco ReOcean Fund, with support from 2150, Ananda Impact Ventures and BNP Paribas. Revenue reached £5.7m in 2023, up from £3.7m the year prior according to company filings, which ranked it 55th on the 2024 UK and Ireland leaderboard.
OX Delivers
HQ: Warwick
Launch year: 2019
Sector: Logistics
OX Delivers’ purpose-designed electric truck and B2B marketplace is helping entrepreneurs in emerging markets who lack access to transport, in order to solve logistics hurdles as they look to grow their businesses. It secured a $163m contract in December to scale its services in Rwanda, Uganda, Kenya, Tanzania and Burundi.
Space Solar
HQ: London
Launch year: 2013
Sector: Climate tech / Spacetech
Space Solar aims to commercialise space-based solar power, delivering continuous, affordable energy from space to Earth. The company estimates that there is over 100 times more solar energy available in a narrow orbital band around the globe than all the planet’s energy needs by 2050.
SuperAwesome
HQ: London
Launch year: 2013
Sector: B2B SaaS
SuperAwesome provides tools to brands and content owners such as Netflix, Hasbro and Warner Bros that enable them to offer a safer digital engagement experience for almost half a billion children every month. The company last raised in 2020, taking home a $7m Series A from IBIS TMT, Twenty Ten Capital, Hoxton Ventures and Sandbox and Co.
Tembo Money
HQ: London
Launch year: 2021
Sector: Fintech
Digital mortgage platform Tembo Money looks to improve mortgage affordability for families and achieved revenues of £6.4m in the financial year to December 2024, up from £815k two years prior according to information submitted to Sifted. Tembo Money featured on the 2024 and 2025 UK & Ireland leaderboards, and raised a £14m Series B in November led by Goodwater Capital, with participation from existing investors Aviva, Ascension Ventures, Love Ventures and McPike Family Office.
TG0
HQ: London
Launch year: 2015
Sector: Deeptech
TG0’s patented technology helps designers and engineers to create physical products, transforming polymer materials into touch and pressure-sensitive surfaces. It closed a €5.4m Series B in December led by UK-based AI startup NetMindAI, only three months after a €2.3m fundraise led by the same investor.
Tumelo
HQ: Bristol
Launch year: 2018
Sector: Fintech
Cambridge University spinout Tumelo’s voting infrastructure technology enables investment fund managers to gather votes from institutional and retail investors in pooled funds and ETFs. The wealthtech startup raised a $19m Series A in May 2022 led by US fintech VC fund Treasury, alongside participation from new investors Legal & General and Fidelity International Strategy Ventures, which it also counts as a client.
Updraft
HQ: London
Launch year: 2017
Sector: Fintech
Updraft is a lending and financial planning app that counts over 500k users, combining open banking and behavioural data in an attempt to improve credit risk underwriting and lower the cost of credit. It recorded £23m in revenues in the financial year to December 2023, up from £2.4m two years prior according to company filings — ranking it 52nd on this year’s UK & Ireland leaderboard. That same month, it raised £250m in debt financing from Santander and Jefferies, as well as £22m in equity funding from investors including Quilam Capital and Auluk Investments.
UrbanChain
HQ: Manchester
Launch year: 2017
Sector: Climate tech
UrbanChain’s energy exchange technology connects renewable energy generators with buyers in order to bypass the wholesale market. The climate tech startup raised a £5.25m Series A led by Eurazeo in May 2023 and appointed advisor KMPG in December as it targets a £50m+ Series B.
V7 Labs
HQ: London
Launch year: 2021
Sector: Deeptech / AI
AI startup V7 Labs operates two platforms, V7 Darwin (an AI labelling and data training platform) and V7 Go (a data automation AI agentic tool). The company raised a $33m Series A from Amadeus Capital Partners, Temasek, Partech and Air Street Capital in November 2022, and has been featured on a number of Sifted rankings before, including first position on the B2B SaaS Rising 100 in 2024 and 2024 UK & Ireland leaderboard (#7).
Yonder
HQ: London
Launch year: 2021
Sector: Fintech
Targeting young professionals and expats, Yonder is a credit-card fintech that focuses on rewards, particularly with local restaurants, to compete with established players such as Amex and Avios. It closed a £23.4m funding round in September co-led by RTP Global and Repeat, valuing the company at over £100m. Yonder recorded revenues of £1.7m in the year to March 2024, up from £296k the year previously.
Read the orginal article: https://sifted.eu/articles/meet-the-25-startups-selected-for-uks-future-fifty-growth-programme/
