2.12.2017 Startups in London

2.12.2017 Startups in London

Despite the uncertainty in relation to Brexit and its impact on single-market access, recent endorsements of the UK by Apple, Facebook, Snapchat and Google indicate that London is still attractive for global businesses and its startup community keeps growing.

Nested 
This growing property tech startup, launched in 2016, guarantees the sale of your house within 90 days, or they buy it themselves. Nested guarantees house owners 95% of market value and in return takes 20% of commission on sales above valuation. The startup raised £8m in 2017 from investors, including angel investors and Passion Capital. nested.com

Habito 
One of the growing proptech startups. Habito aims to make it easier to apply for a mortgage. The startup was launched in 2016 after its funder Daniel Hegarty had a really bad experience with a broker and decided to create a digital mortgage advisor, which allows customers to speak with an online chatbot to insert required information. Thus, the applications are completed much faster. In January 2017 Habito raised £5.5m in a Series A round led by Ribbit Capital. habito.com

Digital shadows 
Large-scale hacking and leaks are now commonplace (e.g. the Sony hack, Yahoo, the DNC, Ashley Madison). Digital shadows monitors over 100 million sources to detect and eliminate the leaks, attacks and breaches and protect companies from such incidents. Ditigal shadows’ clients include some of the major banks. In 2016 the startup raised £10.8 million for expansion in the US. digitalshadows.com

Starship Technologies 
The London- and Tallinn-based startup Starship Tehnoogies, founded in 2014 by Skype co-founders Janus Friis and Ahti Heinia, has built an autonomous delivery robot. The robot has six wheels and delivers your pizza right to your door. Starship raised £13. Million in funding and has already tested the robot in 16 countries in partnership with large food industry players including Domino’s Pizza and Just Eat. starship.xyz

While London’s startup community awaits the outcome of Brexit negotiations, London still has a strong position on the global tech stage. The following startups are further evidence the continuing growth:

  • Monzo – smarter banking startup raised £19.5 million in a Series C funding to expande the set of banking products they are providing. monzo.com
  • Mush – ‘Tinder for mums’ app enabling parents to connect with others locally, swap, chat and sell items. letsmush.com
  • Ravelin – uses technology to analyses online behavior in real time in order to reduce payment-related fraud. Its clients include Deliveroo, Easy Taxi and Karhoo.
  • Smarkets – the betting exchange platform is expanding. smarkets.com 
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