With the UK named as the fastest growing digital economy in the G20 measured by percentage of GDP, greater than China, Germany and the US, we decided to take a closer look at the companies which are growing the fastest.
To determine the 30 fastest growing tech companies in the UK by month on month employee growth, the Mattermark Investment Index was used.
The top 30 companies have received just over £250m in total funding (£8.3m average per company) from a host of high calibre investors, including Andressen Horrowitz, Index Ventures and Accel Partners.
The fastest growing company – Veeqo
From initially only requesting $400k investment via the Seedrs platform, Swansea based Veeqo has just raised $1m in funding to fuel its expansion efforts into the US from the UK. What’s more, they’re hiring and quickly. Posting an impressive 46% month-on- month increase in headcount, Veeqo is the fastest growing cloud company by headcount in the UK and Europe and second in the global stakes.
Receiving the most investment (£94m), WorldRemit
WorldRemit is leading the ‘money mobile’ market and is focusing more of its attention on Africa. Recently setting up shop in Gambia, WorldRemit is sending its message to the 16 African nations where there are already more people with mobile money accounts than bank accounts.
|Company||MoM Employee Growth||Location|
|Everline / Ezbob||17%||London|
|Global App Testing||15%||London|
|Social Media Ltd||11%||London|
|Space Ape Games||11%||London|