Tech Nation adds Hopin and Oxbotica to Future Fifty list

A Union Jack flag with circuits in front of it
(Image credit: Shutterstock)

Tech Nation has announced the latest entries for its annual 'Future Fifty' programme, selecting a cohort of startups that have responded well to the pandemic.


Responding to disruptive shifts in the workplace

How video makes remote work and the borderless office possible


The Future Fifty is for late-stage digital businesses and the 15 new entrants include virtual events platform Hopin, geospatial app What3Words and autonomous car firm Oxbotica.

The programme reflects the growth of the UK tech sector and the "funnel" which takes companies from seed to billion-dollar valuations. It was initially launched in 2013 and around 202 companies have so far taken part in the programme, collectively raising $36 billion in venture capital investment, with 11 going on to become publicly traded companies. This include the likes of Deliveroo, Darktrace, Wise and Revolut - the UK's single largest tech company, valued at £23 billion.

The new entrants include companies that have surpassed unicorn status this year, with the UK reportedly seeing 20 startups breach the $1 billion mark in 2021. Hopin, for instance, has seen its valuation rise to $7.75 billion since March 2020. Other companies selected to join Future Fifty include Cazoo, Cognism, Double Eleven, Form 3, Huma, Multiverse, MYPINPAD, STATSports, Strike, Tessian, Wagestream and Wolf & Badger.

In total, new joiners to the programme are planning to increase their headcount by an average 60% in the next 12 months. Japan is the top country companies are planning to expand to, followed by Canada, Germany, South Africa and China.

"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. Based across the UK, nurturing the growth of these scaling late-stage tech companies is critical to future proofing the UK's economy'.

Bobby Hellard

Bobby Hellard is ITPro's Reviews Editor and has worked on CloudPro and ChannelPro since 2018. In his time at ITPro, Bobby has covered stories for all the major technology companies, such as Apple, Microsoft, Amazon and Facebook, and regularly attends industry-leading events such as AWS Re:Invent and Google Cloud Next.

Bobby mainly covers hardware reviews, but you will also recognize him as the face of many of our video reviews of laptops and smartphones.