There are literally thousands of companies that could have made this list. I’m not sure if it’s the bleak weather or the thousands of pubs where ideas are born, but Britain is a magnet for successful startups.
This isn’t just a guess, Britain is expecting a record breaking 600,000 new companies to startup this year. That’s 20,000 more than last year. To put that in perspective, Canada, with roughly 50% fewer people that Britain, has about 80% fewer startups each year. The United States is still king of the hill though, as they’re creating about as many companies in a month as Britain does in a year. That’s still way down from the boom of the 70’s and 80’s though.
It’s hard to define success in a startup – it can take decades to realize its full potential. Do you go by sales? How about capital raised? Maybe it’s notoriety? For our list, we’re going to use our highly unscientific method that blends that three.
With over 125 million in venture capital raised, they were able to dominate the black cab hailing market in London, and slowly expand around the world. Fierce opposition in North America has meant worldwide domination has been met with mixed reviews, but Hailo currently operates in 8 cities around the world.
Following the Uber method, Deliveroo hires independent bike contractors to deliver its food. Everything is ordered and paid for through the app to allow a seamless flow from restaurant to the destination. It’s allowed businesses which don’t normally offer delivery to attract new customers. They’ve also found ways to make sure the food gets to the destination quick – usually 30 minutes or less.
Now available in 30 UK cities, and 20 international cities, Deiliveroo shows no sign of slowing down.
The famous story goes that he was stuck in Puerto Rico because his flight was canceled due to a lack of passengers. Richard rented a plane, then put up a sign as a bit of a joke selling seats for Virgin Airlines. He filled the plane, and Virgin Atlantic was born.
Magazines, trains, radio stations, record labels, and 400 other companies now make up this massive 5-billion-dollar company. Not a traditional startup patch, but you just need to develop the good leadership skills of Richard Branson to be just as successful.
A pretty simple concept in today’s world of Nest and the internet of things, back in 2006 home monitoring was still a new concept. AlertMe connected to your smartphone to allow you to monitor and control you home heating, energy use and smart controls. It’s won almost a dozen awards in the last decade and is known as one of the UK’s top startup companies.
In the last year or two, revenues have slipped for Monitise. Although that certainly ways into the success of the future, we’re going to look at the last 13 years of business to look at the success they’ve had. They’ve had steady growth since inception, peaking in 2014 as they hit 100 million pounds of revenue working with the world’s biggest banks and technology firms.top 6 startups in the world.
Programmatic advertising is still relatively new – and poised for big growth. Infectious Media has only been around since 2008 but has already grown faster than any other UK startup at more than 10,000% in the last 8 years. That’s more than just impressive, that’s downright unbelievable.
This lands on the success list mostly for the way it’s changed concert culture in the UK. Their apps have been mimicked countless times due to the engaging way they reach out to fans and connect them to their music. 10 million monthly users can’t be wrong.
What really made them stand out was that you were able to discover fashion instead of just browse it. ASOS is now pulling in a staggering one billion in revenue each year.
Not only has FreeAgent avoided selling itself short, it’s been able to raise millions relatively easily in order to fund their growth strategy. It’s too early to say if they’re going to be a huge it, but I’m confident enough to call them success at this point.
Again, this list could have been a top 100 – the UK has so many successful startups. Next time you’re looking at starting a company, or investing in a startup, look at what Britain has to offer. They’ll surprise you every time.