Tech Nation has announced the next wave of high-impact tech companies at a Number 10 event hosted by Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves.
The tech scaleups have been selected for the Future Fifty programme, which is designed to fuel growth for high-potential and high-growth scaleups across the UK.
This cohort’s scaleups represent sectors including AI, MedTech and ClimateTech, with almost a third (32 per cent) hailing from outside of London.
Successful companies include Audoo, whose backers include music legends Sir Elton John and Bjorn Ulvaeus; ElevenLabs, which instantly creates natural AI voices in any language; and UrbanChain, which helps generators of renewable energy sell it directly to those that want it.
Speaking after her visit to 10 Downing Street, UrbanChain CEO, Somayeh Taheri said: “Joining the Future Fifty 2025 cohort is testament to the impact UrbanChain has made in the energy sector.
“We’ve created alternative renewable markets to write the future of energy. Well-positioned to deploy our system at scale within the UK we are also exploring pilot projects in India and the US.
“Over the next three months we are looking forward to leveraging opportunities that the Future Fifty programme provides as we continue to grow and expand.”
Collectively the 25 participating scaleups have raised over £3bn in debt, grants, and equity and employ more than 1,800 people.
“If the UK is going to lead the world in AI and innovation, we need to think bigger and move faster – together,” said Carolyn Dawson OBE, CEO of Founders Forum Group.
“It takes a Tech Nation to turn bold ideas into global powerhouses. Government, investors, corporates, and founders all have a role to play in unlocking the next wave of unicorns.
“Collaboration isn’t a nice-to-have – it’s mission critical for scaling breakthroughs that will shape our future and cement the UK’s place on the global tech stage.”
Since the programme’s relaunch in March 2024, Future Fifty has equipped 50 ambitious scaleups with the practical insights and connections required for their next growth phase.
It has led high-profile international missions to Singapore, New York, and Dubai to connect cohort founders with leading investors, CEOs, and government officials.
The programme inducts 25 companies at a time, twice a year and is backed by partners including HSBC Innovation Banking, EY and Evelyn Partners.
Chancellor of the Exchequer Rachel Reeves added: “With a billion-dollar tech sector and the most Unicorns in Europe, the UK has a proud track record in developing innovative technology that will help grow our economy, make our public services more efficient and put more money in people’s pockets.
“The Future Fifty programme plays an important role in supporting the next generation of high-growth scale-ups which employ thousands of people in our future industries, powering growth across the UK and turbocharging our Plan for Change.”
Participating companies are currently generating £5m revenue per year or experiencing 50% YoY growth.
Most will typically have successfully raised Series B funding and all are headquartered in the UK.
The full list
Abound: Uses Open Banking and AI to provide borrowers with more affordable loans compared to traditional lenders.
Audoo: A technology company revolutionising public performance royalties.
Autogen AI: AI-powered bid creation for companies, reducing drafting time and costs, increasing productivity and win rate.
BeZero Carbon: Global carbon ratings agency.
Catagen: A net-zero technologies company, providing solutions to decarbonise sectors such as heavy industry, marine, aviation and mobility.
Dexory: Develops robotics and AI logistics solutions to drive better business decisions.
Electron: Enables Network Utilities to launch, operate and coordinate local energy markets.
ElevenLabs: Provides an online text-to-speech AI voice generator to instantly create natural AI voices in any language.
Fundment: A next-generation investment platform that empowers financial advisers with seamless efficiency, automating processes, simplifying portfolio management, integrating custody of assets and cash, and unlocking new growth opportunities.
Gravitee: Leader in API and Event Stream Management.
Gravity Industries: Build, fly, and sell Jet Suits.
Hexarad: A technology-driven radiology platform that delivers fast, accurate radiology reporting to optimise healthcare efficiency and patient outcomes.
Lawhive: Making the law accessible to everyone.
Malted AI: A platform that leverages distillation to build accurate small language models that are efficient enough to self-host.
NatureMetrics: Converts the complexities of nature into simple insights to drive a nature-positive economy.
OX Delivers: Supercharges trade for the global south, combining a purpose-designed electric truck and B2B marketplace, and enabling entrepreneurs of all shapes and sizes to get paid and grow their businesses.
Space Solar: Commercialises space-based solar power, the ultimate clean energy technology, delivering continuous, affordable energy from space to markets on Earth.
SuperAwesome: Powers the youth digital ecosystem with the data, tech and services necessary to effectively engage fragmented kid and teen audiences.
Tembo Money: Digital mortgage and savings platform.
TG0: Pioneers next-generation human-machine interaction technology, transforming everyday polymer materials into touch and pressure-sensitive surfaces.
Tumelo: An impact-focused financial technology firm with the mission of giving every investor a voice.
Updraft: A part lending, part credit report and part financial planning app for millennials.
UrbanChain: An innovative energy exchange system, harnessing the power of blockchain, AI and IoT, in order to create local energy markets.
V7 Labs: Work AI Agents for productivity in finance, healthcare, and insurance.
Yonder: A credit card to earn points anywhere in the world, and use them on experiences.
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