Who are the UK's tech unicorns and how did they reach their valuations?

Thomas Macaulay
Thomas Macaulay

Thomas Macaulay

Tom is online editor. He studied English Literature and History at Sussex University before gaining a Masters in Newspaper Journalism from City University. He's particularly interested in the public sector and the ethical implications of emerging technologies.

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Sightings of the mythical unicorn are becoming more common in the UK. The country is the birthplace of 60 of the 169 unicorns that were founded across Europe and Israel before October 2018, according to research by venture capital analytics firm Dealroom.co.

London is the home of 36 of them, but cities outside the capital are also competing with some of Europe's biggest metropolises. Oxford and Cambridge combined have produced more unicorns than either Berlin or Paris, while the five that can be found in Manchester matches the number of them in Amsterdam.

Plenty more are contending to join the unicorn blessing. Investment banking firm GP Bullhound predicts that 17 more companies will join the exclusive group by 2021, including challenger bank Starling, payments company GoCardless and lawtech startup Luminance.

We'll be checking if they can progress onto our list of UK unicorns, ranked below in order of valuation.

Read next: What is a tech unicorn? And where did the term come from?

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