New data, released by Tech Climbers in the Liverpool City Region, has revealed how the region’s tech sector is booming.  

Tech Climbers is an annual regional list showcasing the rising stars of the region’s tech sector.   

Now in its fourth year, 19 businesses made the Liverpool City Region Tech Climbers list this year, with 11 making the Ones to Watch list.   

The 2024 list of Tech Climbers was announced on Tuesday (February 20) to a sold-out room of the region’s best companies and leading tech talent at PINS Social Club in Liverpool city centre. 

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The research found all entrants are looking to hire new talent, projecting over 300 new jobs in the area’s tech sector, a 14 per cent increase on last year’s data.  

A total of 79 per cent of entrants to this year’s list have already raised funding, totalling £52.5m – a 110.6 per cent increase on last year’s data.  

Analysis shows 80 per cent of tech companies in the region are actively seeking funding, a 7 per cent increase on last year’s data. Of this, 89 per cent of the sector is looking for combined Seed and Series A Funding, whilst 58 per cent are looking for Seed funding only.   

The city’s startups are also thriving, with Tech Climbers data showing a 125 per cent increase in revenue compared to last year, and 93 per cent of startups on the hunt for funding.   

LCR Tech Climbers 2024 revealed

The impressive maturity of Liverpool City Region’s tech sector comes as research from Dealroom said the city is becoming increasingly attractive to venture capital investors, with a 657 per cent increase in VC investment since 2019 – comparatively, Manchester saw a -44 per cent drop and London only a 4 per cent increase over the same time. 

LCR Tech Climbers 2024

Anna Heyes, CEO at Active Profile and founder of Tech Climbers said: “What a year it’s been for Liverpool City Region’s tech sector! We’ve seen fantastic new initiatives like Baltic Ventures welcome their first cohort, we came together at the inaugural Liverpool Slush’d and now, we’ve celebrated the cream of the crop at this year’s Tech Climbers list reveal.

“Our data shows an impressive level of maturity for Liverpool City Region’s tech businesses, with a continued drive to raise investment, create new jobs and establish sophisticated products. We’re delighted to play a part in it, and we look forward to taking stock next year and seeing just how far we’ve come once again.”  

Ben Sweeney, founder of VidiVet, which made the main list, added: “Within the tech space, you see a lot of ‘vanity’ awards, in which you basically pay for a mention. Tech Climbers isn’t like that, it’s free to enter and is looking to naturally profile the businesses that are looking for investment and growth opportunities. 

“We entered Tech Climbers and Tech Nation around the same time, and making both lists ultimately put VidiVet, and me as a founder, on the map in Liverpool, drawing the interest of River Capital who invested in us in September. There are many amazing tech businesses in the Liverpool City Region, so going out and gaining that exposure has been so important.”   

The data also found more companies are working on their diversity and inclusion policies (89 per cent, +14 per cent from 2023). Innovation and creating product-led solutions is also top of the agenda, with 79 per cent of entrants owning/using IP rights, and over half having copyright.   

The list is judged by the project partners, and looks at investment, impact, and innovation. Entrants submit a snapshot of their data which is also used to chart growth and insight into the businesses and their challenges. Tech Climbers also runs in Greater Manchester and Yorkshire and is set to launch in another region later this year.  

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LCR Tech Climbers 2024 was sponsored by BDO; Baltic Ventures; Brabners; Marks & Clerk; TD Synnex and; Rathbones.

The ecosystem partners were  LCR Angels; Startup Grind; Growth Platform and; Gather while the national partners were Data City; HubSpot; techUK; and InnovateHER.

Tech Climbers is organised by Active Profile and BusinessCloud and TechBlast are the proud media sponsors.