10 Successful Startups Worth Checking In London

August 4, 2023

London, a global financial and cultural hub, has established itself as a flourishing center for startups and innovation. The city's vibrant ecosystem attracts entrepreneurs, investors, and tech enthusiasts from all over the world. In this article, we will delve into the thriving startup scene in London and present a curated list of the top 25 startups in the city. These companies have not only demonstrated remarkable growth but have also secured significant funding to propel their visions and leave a lasting impact on their respective industries.

Startups in London

We've put together a list of some of the most promising and hottest startups in London.

Revolut
Deliveroo
Monzo
Babylon Health
Checkout.com
Citymapper
Farfetch
Starling Bank
Bulb
Starship Technologies

Revolut‍

Location: London, England
Latest funding round: Direct Investment - $13,700,000
Total raised funds: $1,700,000,000~
Industries: FinTech

Revolut is a digital banking and financial technology company that offers a range of services, including currency exchange, international money transfers, and banking services. With its user-friendly app and innovative features, Revolut has disrupted traditional banking and gained a massive customer base.

Deliveroo

Location: London, England
Latest funding round: Series H - $180,000,000
Total raised funds: $1,700,000,000~
Industries: Food Delivery

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Deliveroo is an on-demand food delivery platform that partners with restaurants to deliver meals to customers' doorsteps. Their technology-driven approach and extensive restaurant network have made them a leading player in the competitive food delivery industry.

Monzo

Location: London, England
Latest funding round: Series H - $475,000,000
Total raised funds: $1,100,000,000~
Industries: FinTech

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Monzo is a digital-only bank that offers personal and business banking services. With its user-friendly app and transparent fee structure, Monzo has attracted a dedicated customer base and become one of the UK's most prominent neobanks.

Babylon Health

Location: London, England
‍Latest funding round: Post-IPO Debt - $34,500,000
Total raised funds: $1,200,000,000~
Industries: HealthTech

Babylon Health is a digital health platform that provides AI-driven healthcare services, including virtual consultations, symptom assessments, and health monitoring. Their technology aims to make healthcare more accessible and affordable to people worldwide.

Checkout.com

Location: London, England
‍Latest funding round: Series D - $1,000,000,000
Total raised funds: $1,800,000,000~
Industries: FinTech

Checkout.com is a global payment processing platform that enables businesses to accept online payments in multiple currencies. Their robust technology and focus on speed and reliability have attracted a diverse clientele, including leading e-commerce companies.

Citymapper

Location: London, England
Latest funding round: Equity Crowdfunding - $9,500,000
Total raised funds: $59,500,000~
Industries: Transportation and Mobility

Citymapper is a popular urban mobility app that provides real-time transit information, journey planning, and multimodal transportation options. Their platform helps millions of city dwellers navigate complex transportation networks seamlessly.

Farfetch

Location: London, England
Latest funding round: Post-IPO Equity - $650,000,000
Total raised funds: $1,600,000,000~
Industries: Consumer Goods, E-commerce

Farfetch is a luxury fashion e-commerce platform that connects customers with a curated selection of high-end fashion boutiques and designers. Their platform offers a unique shopping experience for luxury fashion enthusiasts.

Starling Bank

Location: London, England
Latest funding round: Series D - $610,100,000
Total raised funds: $1,100,000,000~
Industries: FinTech

Starling Bank is a digital-only bank that provides personal and business banking services, including current accounts and business loans. With its emphasis on transparency and personal finance management, Starling Bank has been a pioneer in the digital banking space.

Octopus Energy

Location: London, England
Latest funding round: Private Equity - $1,500,000,000
Total raised funds: $2,100,000,000~
Industries: Fintech

Octopus Energy is a green energy supplier that offers renewable electricity and gas to residential and business customers. With its affordable, transparent pricing and commitment to sustainability, Octopus has gained traction in the competitive energy market.

Starship Technologies

Location: London, England
Latest funding round: Series B - $42,000,000
Total raised funds: $197,700,000~
Industries: Robotics, Logistics

Starship Technologies is a robotics company that specializes in autonomous delivery robots. Their innovative robots are designed to deliver packages and food orders efficiently, transforming last-mile logistics.

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Should I start my startup in London?

London's startup ecosystem continues to thrive and innovate, solidifying its position as a global hotspot for entrepreneurial endeavors. The top 25 startups listed in this article represent a diverse range of industries, from FinTech and e-commerce to health tech and robotics. With substantial funding and a commitment to transformative solutions, these startups are reshaping their respective industries and contributing to London's status as a leading destination for innovation and creativity.

Raising funds in a city as intensely competitive as this one can be a challenge. Our team of expert writers and designers can help you craft a pitch deck to unlock your company's potential and raise funds from the plethora of VC firms, accelerator programs, grants, and angel investors in London.