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September 10, 2017 Researched and compiled by Fast Track BRITAIN’S Title sponsor Main sponsors FASTEST TECH GROWING PRIVATE TECHNOLOGY TRACK 100 COMPANIES Britain’s brightest win global backing Our latest research shows a record number of hyper-growth tech companies have attracted investors, writes Chris Marshall Clever British tech entrepreneurs are vehicle of Autonomy co-founder Mike attracting cash from all over the world in Lynch. It has raised $180m (£138m), a vote of confidence for the UK’s thriving including $75m in July. Headquartered digital economy in spite of fears that in Cambridge and San Francisco, it is Brexit could stifle investment. among the 80 Tech Track 100 companies More than two-thirds (68) of this year’s that have generated revenue overseas. Sunday Times Hiscox Tech Track 100 Another is Farfetch (No 52), an online have raised money from private equity fashion platform that has raised £500m, houses, venture capital firms and busi- including $397m (£305m) from Chinese ness angels from Europe, Asia and Amer- ecommerce business JD.com in June. ica. This was up from 46 last year and the Farfetch is one of three unicorns in the highest since the league table was first table — small, fast-growing tech firms published in 2001. However, there are a with valuations of more than $1bn. The record 40 loss-making companies, com- others are currency exchange platform pared with 25 typically — and this comes TransferWise (No 5) and peer-to-peer amid growing concerns of another tech lending platform Funding Circle (No 27). bubble, not helped by worries over the Of the unicorns that appeared in the Tech future of Uber.
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