Tech Nation has announced that 15 new companies will join its Future Fifty Programme, a growth scheme for late-stage digital businesses.

Cazoo, Cognism, Double Eleven, Form 3, Hopin, Huma, Multiverse, MYPINPAD, Oxbotica, STATSports, Strike, Tessian, Wagestream, What3words, and Wolf & Badger will join the initiative.

The move comes as the UK experiences a recording breaking year for technology, with 20 new tech unicorns created in 2021.

Launched in 2013, 202 companies have taken part in the programme, collectively raising $36 billion in venture capital investment, with 11 companies going on to IPO, including Deliveroo, Darktrace, Wise - London’s largest-ever tech listing - and Revolut, the UK’s biggest tech company, valued at £23 billion.

Tech Nation said that in total, the new joiners to the programme are planning to increase their headcount by an average 60 per cent over the next 12 months.

Japan is the top country companies are planning to expand to, followed by Canada, Germany, South Africa, and China.

In 2021 so far, late stage tech companies have raised $5.03 billion in Series B and C rounds - over 12 times this figure ten years ago in 2011 ($409 million.)

“The companies selected to join this year’s Future Fifty programme are a shining example of the UK’s entrepreneurship, innovation and resilience,” said Gerard Grech, founding chief executive, Tech Nation. “The UK tech sector is the cornerstone of our economic growth, the 15 companies joining Future Fifty 10.0 collectively employ over 5,000 people and have raised almost $1.6bn in venture capital investment.”

Grech added: “Based across the UK, nurturing the growth of these scaling late-stage tech companies is critical to future proofing the UK’s economy.”

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