Every company desire to grow, in particular startups. Growth is, in reality how a company’s worth is assessed.
Despite the highs and lows of the pandemic and Brexit, there were certain startups in the UK that have shown impressive growth between 2019 and 2020. They're developing the economy and influencing future innovations at breakneck speed.
Here are some of the fastest-growing startups in the UK in 2021. The growth is measured on the basis of VC investment, turnover, etc.
The Ralph
The Ralph is a veterinary hospital based in Buckinghamshire. The health care firm was founded in 2015 but was only opened to the general public in 2019.
The Ralph was supported by a huge amount of VC due to the expensive technological, property, and R&D expenditure. It is a common phenomenon for healthcare startups.
Through seven rounds of funding, the firm was able to raise £6.98 million. Even though the hospital's caseload slowed due to the pandemic, it managed to improve its revenue by 1,483% from £288k to £4.5m from the year 2019 to 2020.
Panaseer
Panaseer is a tech company which is headquartered in Surrey. The company has created software that will help companies to access the security of data. The founder's requirement for IT and security system visibility inspired the creation of the product.
In six rounds of funding, the company was able to raise £13.5million and achieved a 20% scale-up position. Moreover, the company was listed as a high growth on Mishcon the Leap in 2017 and Startups 100 in 2019.
COVID was a success for the digital security industry. The companies turnover increased by 234% from £714k to £2.37 million in 2020.
Yumi Nutrition
Yumi Nutrition is a Manchester-based company that manufactures a variety of gummy vitamins and supplements to help with health.
Founded in 2017, the company had significant revenue growth, rising from £173k to £471k in 2020.
AllBright
AllBright is a firm that delivers business training classes for women at various phases of their careers. The program focuses on developing skills, how to establish a business, and how to attract investors, among other topics.Cain International and Galliard Homes are among the supporters of AllBright, which has raised £23.9 million in equity investments over four rounds of funding. The firm grew its turnover from £1.15 million in 2019 to £2.81 million in 2020.
To grow the companies presence and empower women throughout every business landscape, the firm recently began to undertake foreign acquisitions. AllBright recently acquired the assets of EvolveHer, a digital center in the United States.
