Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds for 2021. I have included some additional information as well such as industry, founding year, brief funding description, founders, total funding raised, to further the analysis for the state of venture capital in London. For the purposes of this analysis, only equity funding rounds were considered.
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
13. Zego $150.0
Round: Series C
Description: Zego is a commercial motor insurance provider that powers opportunities for businesses, from entire fleets of vehicles to self-employed drivers and riders. Founded by Harry Franks, Sten Saar, and Stuart Kelly in 2016, Zego has now raised a total of $201.7M in total equity funding and is backed by investors that include General Catalyst, DST Global, Target Global, LocalGlobe, and Balderton Capital.
Investors in the round: Balderton Capital, DST Global, General Catalyst, Latitude, Socii Capital, Taavet Hinrikus, Target Global
Month of funding: March
Industry: Auto Insurance, Commercial Insurance, Insurance, InsurTech
Founders: Harry Franks, Sten Saar, Stuart Kelly
Founding year: 2016
Total equity funding raised: $201.7M
12. Quell Therapeutics $156.0M
Round: Series B
Description: Quell Therapeutics is a cell therapy company Founded by Alberto Sanchez-Fueyo, Giovanna Lombardi, Hans Stauss, and Marc Martinez-Llordella in 2019, Quell Therapeutics has now raised a total of $240.5M in total equity funding and is backed by British Patient Capital, Fidelity Management and Research Company, Janus Henderson Investors, Jeito Capital, Monashee Investment Management, Point72, Ridgeback Capital, SV Health Investors, Syncona Partners LLP, and Tekla Capital Management.
Investors in the round: British Patient Capital, Fidelity Management and Research Company, Janus Henderson Investors, Jeito Capital, Monashee Investment Management, Point72, Ridgeback Capital, SV Health Investors, Syncona Partners LLP, and Tekla Capital Management
Month of funding: November
Industry: Association, Biotechnology, Education
Founders: Alberto Sanchez-Fueyo, Giovanna Lombardi, Hans Stauss, Marc Martinez-Llordella
Founding year: 2019
Total equity funding raised: $240.5M
11. Form3 £116.0M
Round: Series C
Description: Form3 is a cloud native payments-as-a-service platform that designs, builds, and runs the technology that powers the future of payments. Founded by Michael Mueller in 2016, Form3 has now raised a total of $211.1M in total equity funding and is backed by Draper Esprit, Mastercard, Barclays, Goldman Sachs Asset Management, and Nationwide Building Society.
Investors in the round: 83North, Barclays, Draper Esprit, Goldman Sachs Asset Management, Lloyds Banking Group, Mastercard, Nationwide Building Society
Month of funding: September
Industry: Banking, Financial Services, FinTech, Mobile Payments, Payments
Founders: Michael Mueller
Founding year: 2016
Total equity funding raised: $211.1M
10. Soldo $180.0M
Round: Series C
Description: Soldo is a multi-user expense account helping companies manage their budgets. Founded by Carlo Gualandri in 2015, Soldo has now raised a total of $258.0M in total equity funding and is backed by Temasek Holdings, Battery Ventures, Citi Ventures, Accel, and Dawn Capital.
Investors in the round: Accel, Advent International, Battery Ventures, Citi Ventures, Dawn Capital, Sunley House Capital Management, Temasek Holdings
Month of funding: July
Industry: Banking, Financial Services, FinTech, Payments
Founders: Carlo Gualandri
Founding year: 2015
Total equity funding raised: $258.0M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
9. 10xbanking $187.0M
Round: Series C
Description: 10xbanking offers a digital banking platform that will transform the way financial services providers operate.Antony Jenkins and Brad Goodall in 2016, 10xbanking has now raised a total of $252.5M in total equity funding and is backed by investors that include BlackRock, Nationwide Building Society, Canada Pension Plan Investment Board, JPMorgan Chase & Co., and Westpac.
Investors in the round: BlackRock, Canada Pension Plan Investment Board, JPMorgan Chase & Co., Nationwide Building Society, Ping An Global Voyager, Westpac
Month of funding: June
Industry: Banking, Financial Services, FinTech, Software
Founders: Antony Jenkins, Brad Goodall
Founding year: 2016
Total equity funding raised: $252.5M
8. Motorway $190.0M
Round: Series C
Description: Motorway is an online used-car marketplace for professional car dealers that sells their cars using their smartphones. Founded by Alex Buttle, Harry Jones, and Tom Leathes in 2017, Motorway has now raised a total of $276.1M in total equity funding and is backed by BMW i Ventures, ICONIQ Growth, Index Ventures, Latitude Investment Management, and Unbound.
Investors in the round: BMW i Ventures, ICONIQ Growth, Index Ventures, Latitude Investment Management, and Unbound
Month of funding: November
Industry: Automotive, Consumer Reviews, E-Commerce, Electric Vehicle, Marketplace
Founders: Alex Buttle, Harry Jones, Tom Leathes
Founding year: 2017
Total equity funding raised: $276.1M
7. Thought Machine $200.0M
Round: Series C
Description: Thought Machine is a Fintech company that builds cloud-native technology to revolutionize core banking. Founded by Paul Taylor in 2014, Thought Machine has now raised a total of $348.6M in total equity funding and is backed by BACKED VC, British Patient Capital, Eurazeo, ING Ventures, IQ Capital, JPMorgan Chase & Co., Lloyds Banking Group, Molten Ventures, Nyca Partners, SC Ventures, and SEB (Skandinaviska Enskilda Banken).
Investors in the round: BACKED VC, British Patient Capital, Eurazeo, ING Ventures, IQ Capital, JPMorgan Chase & Co., Lloyds Banking Group, Molten Ventures, Nyca Partners, SC Ventures, and SEB (Skandinaviska Enskilda Banken)
Month of funding: November
Industry: Banking, Enterprise Software, Financial Services, FinTech, IT Infrastructure
Founders: Paul Taylor
Founding year: 2014
Total equity funding raised: $348.6M
6. Zepz $292.0M
Round: Series E
Description: Zepz is a money transfer service that helps migrants send money to their loved ones all over the world. Founded by Catherine Wines, Ismail Ahmed, and Richard Igoe in 2010, Zepz has now raised a total of $654.7M in total equity funding and is backed by Accel, LeapFrog Investments, Silicon Valley Bank, TCV, and Project A Ventures.
Investors in the round: Accel, Farallon Capital Management, LeapFrog Investments, TCV
Month of funding: August
Industry: Financial Services, FinTech, Mobile Payments
Founders: Catherine Wines, Ismail Ahmed, Richard Igoe
Founding year: 2010
Total equity funding raised: $654.7M
5. TradingView $298.0M
Round: Series C
Description: TradingView provides traders and investors with charts, tools, and social networking. Founded by Constantine Ivanov, Denis Globa, and Stan Bokov in 2011, TradingView has now raised a total of $338.7M in total equity funding and is backed by Techstars, Tiger Global Management, Right Side Capital Management, Insight Partners, and Jump Capital.
Investors in the round: Tiger Global Management
Month of funding: October
Industry: Cloud Computing, Finance, FinTech, Stock Exchanges, Trading Platform
Founders: Constantine Ivanov, Denis Globa, Stan Bokov
Founding year: 2011
Total equity funding raised: $338.7M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
4. Octopus Energy $300.0M
Round: Venture
Description: Octopus Energy builds technology that reduces the cost of energy to improve customer experience. Founded by Greg Jackson, James Eddison, and Stuart Jackson in 2015, Octopus Energy has now raised a total of $1.5B in total equity funding and is backed by Generation Investment Management, Canada Pension Plan Investment Board, Origin Energy, and Tokyo Gas.
Investors in the round: Canada Pension Plan Investment Board
Month of funding: December
Industry: Energy, Energy Efficiency, GreenTech, Renewable Energy
Founders: Greg Jackson, James Eddison, Stuart Jackson
Founding year: 2015
Total equity funding raised: $1.5B
4. Zopa $300.0M
Round: Venture
Description: Zopa offers peer-to-peer loans with low rates, flexible terms, and no early repayment fees. Founded by Dave Nicholson, Giles Andrews, James Alexander, Richard Duvall, and Tim Parlett in 2005, Zopa has now raised a total of $792.3M in total equity funding and is backed by Augmentum Fintech, SoftBank Vision Fund, Balderton Capital, Northzone, and Bessemer Venture Partners.
Investors in the round: Augmentum Fintech, Chimera Capital Management, Davidson Kempner, IAG Silverstripe, Northzone, Silverstripe International Holdings, SoftBank Vision Fund
Month of funding: October
Industry: Financial Services, FinTech, Lending, Peer to Peer
Founders: Dave Nicholson, Giles Andrews, James Alexander, Richard Duvall, Tim Parlett
Founding year: 2005
Total equity funding raised: $792.3M
4. Rapyd $300.0M
Round: Series E
Description: Rapyd is a payments platform that inserts fintech services into any app and simplifies the complex offering of local payment methods. Founded by Arik Shtilman, Arkady Karpman, and Omer Priel in 2016, Rapyd has now raised a total of $770.0M in total equity funding and is backed by General Catalyst, BlackRock, Spark Capital, FJ Labs, and Stripe.
Investors in the round: Altimeter Capital, Avid Ventures, BlackRock, Dragoneer Investment Group, Durable Capital Partners, Fidelity Ventures, General Catalyst, Latitude, Spark Capital, Tal Capital, Target Global, Whale Rock Capital Management
Month of funding: August
Industry: Financial Services, FinTech, Mobile Payments, Payments
Founders: Arik Shtilman, Arkady Karpman, Omer Priel
Founding year: 2016
Total equity funding raised: $770.0M
4. Blockchain.com $300.0M
Round: Series C
Description: Blockchain.com is a platform that offers ways to buy, hold, and use cryptocurrency. Founded by Benjamin Reeves, Nicolas Cary, and Peter Smith in 2011, Blockchain.com has now raised a total of $490.0M in total equity funding and is backed by investors that include Lightspeed Venture Partners, DST Global, GV, Digital Currency Group, and Eldridge.
Investors in the round: DST Global, Lightspeed Venture Partners, Vy Capital
Month of funding: March
Industry: Bitcoin, Blockchain, Cryptocurrency, FinTech, Trading Platform
Founders: Benjamin Reeves, Nicolas Cary, Peter Smith
Founding year: 2011
Total equity funding raised: $490.0M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
3. Bought By Many $350.0M
Round: Series D
Description: Bought By Many is a pet InsurTech company that provides insurance products and a streamlined customer experience.Guy Farley and Steven Mendel in 2012, Bought By Many has now raised a total of $483.0M in total equity funding and is backed by investors that include EQT, Octopus Ventures, FTV Capital, Future Fifty, and CommerzVentures.
Investors in the round: CommerzVentures, EQT, FTV Capital, Munich Re Ventures, Octopus Ventures, Willoughby Capital
Month of funding: June
Industry: Finance, FinTech, Insurance, InsurTech, Pet
Founders: Guy Farley, Steven Mendel
Founding year: 2012
Total equity funding raised: $483.0M
2. Hopin $450.0M
Round: Series D
Description: Hopin is a virtual events platform designed to connect distributed communities. Founded by Johnny Boufarhat in 2019, Hopin has now raised a total of $1.0B in total equity funding and is backed by General Catalyst, Temasek Holdings, Salesforce Ventures, Andreessen Horowitz, and Tiger Global Management.
Investors in the round: Adams Street Partners, Altimeter Capital, Andreessen Horowitz, Arena Holdings, DFJ Growth, General Catalyst, GIC, IVP (Institutional Venture Partners), Northzone, Salesforce Ventures, Slack Fund, Temasek Holdings, Tiger Global Management, Untitled Investments, XN
Month of funding: August
Industry: Events, Meeting Software, Video Conferencing
Founders: Johnny Boufarhat
Founding year: 2019
Total equity funding raised: $1.0B
2. Checkout.com $450.0M
Round: Series C
Description: Checkout.com is an API-based platform providing online payment solutions that improve the user’s checkout experience. Founded by Guillaume Pousaz in 2012, Checkout.com has now raised a total of $830.0M in total equity funding and is backed by investors that include DST Global, GIC, Tiger Global Management, Greenoaks Capital, and Insight Partners.
Investors in the round: Blossom Capital, Coatue, DST Global, Endeavor Catalyst, GIC, Greenoaks Capital, Insight Partners, Tiger Global Management
Month of funding: January
Industry: E-Commerce, FinTech, Payments, Transaction Processing
Founders: Guillaume Pousaz
Founding year: 2012
Total equity funding raised: $830.0M
1. Monzo $475.0M
Round: Series H
Description: Monzo is a digital-only bank platform and marketplace that allows customers to access a range of products and services. Founded by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield in 2015, Monzo has now raised a total of $1.1B in total equity funding and is backed by Stripe, Crowdcube, Orange, Goodwater Capital, and General Catalyst.
Investors in the round: Abu Dhabi Growth Fund, Accel, Alpha Wave Ventures, Coatue, Goodwater Capital
Month of funding: December
Industry: Banking, Financial Services, FinTech, Marketplace
Founders: Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield
Founding year: 2015
Total equity funding raised: $1.1B
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today