UK has added 6 more billion dollar companies to its list of Unicorns

Author

UK Business Angels Association

31 July 2018

Amid Brexit uncertainty, billion-dollar tech companies are the UK’s knights in shining armour.

Britain’s best businesses must shine more than ever to wade through Brexit tides. And given their domination of Europe, tech unicorns are blowing the competition out the water.

Indeed, six billion-dollar companies have been added to the UK’s roster in the last 12 months alone, including Revolut, the digital banking startup and Blue Prism, the robotic software corporation.

The six firms not only represent an impressive value of $12.4bn – greater than every fellow European market – but a total of 26 businesses represents the largest number of unicorns in the continent since the millennium began, according to GP Bullhound, the investment banking company. Additionally, Blighty’s billion-dollar businesses now comprise $64bn of Europe’s $240bn tech ecosystem – that’s a 26.67% share, which is more than continental neighbours. Read more

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