07.02.2019 London – top hub for tech startups

07.02.2019 London – top hub for tech startups

The UK – and in particular London – is without a doubt Europe’s top hub for tech startups, with almost 30,000 tech startups funded and 2,300 tech meetups in the past five years – far more than other European countries.

London’s tech sector is booming. This year’s list of the best London tech startups is an eclectic mix of huge fintech companies, small creative startups and everything in between.

The country has also produced several unicorns in the past few years, including Improbable, Just Eat, Deliveroo, Darktrace, Monzo, and most recently, Graphcore. Though the UK tech scene is worried about the potential effects of Brexit – like losing access to talent, investment, or data – so far investment in UK tech has not showed signs of slowdown.

Here are 10 innovative and exceptionally promising UK startups to watch in 2019:

Factmata – This startup is battling fake news, it uses a combination of AI and a human community to build a better media ecosystem.

Perlego – The London-based startup was launched in 2016 and offers unlimited access to over 200,000 university textbooks through an online subscription service that only costs £12/month.

Nested – Founded in 2016, this London-based online real estate agent just raised a whopping €135 million in November 2018. What makes this property platform unique is that after 30 days, if your home hasn’t sold yet, it will offer you an advance of 90-95% of your home’s value – so that you can afford to buy a new one. According to the startup, it’s selling twice as many homes in London as the average brick-and-mortar real estate branch.

Oxford VR – This is revolutionising therapy using virtual reality, building psychological treatments that really work using state-of-the-art immersive technology.

Moonbug– London-based Moonbug is seeking to revolutionise kids’ entertainment. Moonbug develops content to inspire and engage kids through fun storytelling, with an emphasis on values such as compassion, empathy, and resilience. Moonbug aims to support children’s cognitive development by teaching things like vocabulary and counting skills, as well as social skills – like how to be a friend and manage emotions.

Lumen– Just founded in 2018, Lumen is the first dating app for people over 50.

Scape Technologies– As augmented reality headsets, autonomous vehicles, and drones become more common, they will need to operate safely alongside people, and therefore have to understand the physical world with more detail than ever before.London-based Scape Technologies has been working to create a new AR infrastructure — a map designed from the ground up for machines that allows devices to precisely determine where they are and what’s around them using only a camera.

Graphcore– Founded 2016 in Bristol, this maker of AI processors and software, has developed a novel AI chip – or Intelligence Processor Unit (IPU) – which is the first processor to be designed specifically for machine intelligence training and inference.

Chatterbox– Founded in 2016, this social enterprise employs refugees as language tutors for individuals and organisations, both online and in-person.

Birdie– Birdie, a London-based agetech startup, is building a holistic home care platform to help older adults live independently in their own homes, using apps and connected devices to track their well-being.