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10 of the UK's fastest-growing brands for 2022

Private companies in the UK have never been in ruder health - here's our pick of some of the most exciting fast-growth companies for 2022.

Private companies in the UK have rarely been in ruder health. Two years ago, it seemed the pandemic was going to bring funding opportunities to a grinding halt with the resulting impact on valuations.

But that's not happened at all.

Over the past year, UK firms have been given more money than ever, allowing them to push hard down the innovation route and keep investors happy.

In particular, London has cemented its position as Europe's tech hub.

In this blog post, we’ve collated 10 of the UK’s fastest-growing brands to watch in 2022. 

Company: Revolut
Latest valuation: £23.8bn
Date of latest valuation: July 2021
Founding year: 2013

Revolut is an online banking alternative that launched in 2015. Within the first six months of launch, it had signed up 250,000 users and as since become one of the UK's fastest-growing brands. The company offers a prepaid debit card (MasterCard), currency exchange and international money transfer service, cryptocurrency wallet app (BTC, ETH, LTC, XRP) and fee-free global spending (p2p payments, all currency exchange rates).

Company: Monzo
Latest valuation: £1.17bn
Date of latest valuation: September 2021
Founding year: 2015

Monzo is a digital bank founded in 2015 by university friends Tom Blomfield, Jonas Huckestein, Paul Rippon and Gary Dolman. It has reached 5m customers, with about 100,000 new customers joining each month, and to date has raised over £500m in funding from investors including General Catalyst, Y Combinator, Goodwater, Accel, Stripe and Passion Capital. Monzo has lent more than £1billion since its creation.

Company: Exscientia
Latest valuation: £623m
Date of latest valuation: July 2021
Founding year: 2012

Spun out from the University of Dundee in 2013, Exscientia uses artificial intelligence to automate drug design and accelerate the preclinical drug discovery stage. Following the company’s inclusion in the top 200, it floated on the NASDAQ in October 2021.

The team at anti-money laundering tech firm ComplyAdvantage

Company: Tripledot Studios
Latest valuation: £273m
Date of latest valuation: April 2021
Founding year: 2016

Tripledot Studios, a company that started as a small family enterprise but is now worth £273m. Known for pushing the boundaries in its approach to storytelling, Tripledot works across film, TV and games, with clients including Sky, Netflix and Amazon Prime. It has recently created a wealth of content for PlayStation, including the award-winning Blood & Truth - a first-person shooter that won the highly coveted BAFTA award for Best Game. Other games include Woodoku, Solitaire and Wordhop.

Company: Britishvolt
Latest valuation: £776m
Date of latest valuation: August 2021
Founding year: 2019

Based in Northumberland, Britishvolt now officially has unicorn status after a Series B funding round in August 2021, when the company raised $70m from investors including UK engineering firm NG Bailey and mining giant Glencore. Founded in 2019, the company produces lithium-ion batteries to power electric vehicles and is currently in the process of constructing Britain’s first renewable energy ‘Gigaplant’, a £4bn battery factory by the North Sea in Northumberland.

Company: Switchee
Latest valuation: £598m
Date of latest valuation: December 2019
Founding year: 2014

The consumer tech world is brimming with success stories just now, and Switchee has been the latest to join the ranks of established multi-million dollar companies. The company specialises in wearable tech, fitness trackers and baby products, fast-growing markets within the tech community. The company is now shifting its aims towards enabling affordable housing, with the project backed by socially conscious investors including Fair by Design.

Britishvolt is looking to invest £4bn in a battery factory in Northumberland

Company: DNAnudge
Latest valuation: £292m
Date of latest valuation: August 2021
Founding year: 2015

DNAnudge, the London-based startup, develops technology prompting users to make healthier food choices based on their DNA profile. Launched in 2015, the Imperial College London spinout has attracted £67.2m across seven fundraising rounds, from both private equity firms and angel investors. 

Company: Immersive Labs
Latest valuation: £329m
Date of latest valuation: June 2021
Founding year: 2017

Bristol-based Immersive Labs provides online training services for businesses, using gamification to teach cybersecurity. Boasting customers including HSBC, Vodafone and the NHS, the company has received £91.9m of equity investment from five fundraising rounds.

Company: YOOBIC
Latest valuation: £205m
Date of latest valuation: July 2021
Founding year: 2014

YOOBOC was founded by CEO Paul Dyan, who worked for many years as an IT contractor before establishing the company back in 2014. The firm develops software that acts as a digital workplace, providing companies that have a deskless workforce with the tools to communicate with one another, receive training and manage tasks. The company has so far raised £59.7m of equity investment over three rounds - the latest in July 2021, with the £36.5m raise including US-based investor Insight Partners and London firms Felix Capital and Highland Europe