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This Week in London Startups - Issue #22, 28th September 2021

This Week in London Startups - Issue #22, 28th September 2021
By London Startup Club • Issue #22 • View online

LinkedIn released its 5th annual LinkedIn Top Startups list in the UK last week.
This year’s report looked at four different areas; employee growth, jobseeker interest, member engagement and talent acquisition. Granted all this data comes from LinkedIn it may not be the most accurate, however still a great indication of companies that are doing well.
The other criteria is that each company must be 7 years or younger since it was founded, being a startup according to LinkedIn.
Here’s a look at the top 3, you can see the full list in the link above:
First place - Monzo
Though Monzo is still loss-making and has faced some bumps in recent months, the digital bank has raised £175 million in funding since Covid-19 struck and has around 5 million customers.
Second place - Revolut
This year Revolut became the UK’s most valuable fintech startup, valued at $33bn after a huge fundraising round. The firm, which applied for a UK banking licence in January, has 16 million customers worldwide and is branching out into services such as travel and salary advances.
Third place - Starling Bank
During the pandemic, Starling – which has more than 2 million customers in the UK – was one of the banks that lent under the government stimulus schemes. And, in a sign of future ambitions, Starling bought buy-to-let lender Fleet Mortgages in August.
Haris Qureshi, Editor & Co-Founder @ London Startup Club
Top News
  • LinkedIn is testing a new, paid ticketed events service, more here
  • UK’s AI strategy is ‘ambitious’ but needs funding to match, says Faculty’s Marc Warner, more here
  • Neobanks latest ploy involves *ultra* cheap insurance, more here
  • Ford, SK to spend $11.4B to build two US manufacturing campuses dedicated to EVs and batteries, more here
  • Spotify alums join forces to create Berlin angel syndicate, Spoti Angels, more here
  • Amazon launches computer science education program Future Engineer in India, more here
  • France sees biggest ever week for startup funding, more here
  • Move over London, we want to work closer to home, more here
  • Facebook’s wearable glasses can succeed where Google Glass flopped, more here
  • TikTok reached 1 billion monthly active users, more here
  • Can Improbable get its metaverse ambitions back on track with this stealth project? More here
  • Swedish EV-maker Polestar to go public via SPAC at $20B valuation, more here
UK Funding Rounds
  • Multiverse raises $130m Series C, more here
  • London’s Dice raises $122M at a $400M valuation for its intelligent event discovery and booking platform, more here
  • SenseOn nabs $20M for faster, more accurate cybersecurity detection and response via its ‘triangulation’ approach, more here
  • Cheesecake Energey raised £1M funding for its game-changing tech, more here
  • London-based health startup ,Sanome, snaps up £2M to turbocharge diagnostics development with clinically validated home testing, more here
  • Reading-based spacetech firm Isotropic Systems bags £27M to develop unique multi-link antenna, more here
  • London-based music licensing marketplace Lickd secures £5.1M funding, more here
  • London-based HR tech Diversely secures £401K to help businesses hire more diverse candidates, more here
  • London-based open banking solution Vyne secures £11.3M funding as it focuses on growth, more here
  • London-based LVNDR raises £1.5M as it seeks to address inequalities within sexual health system, more here
  • London-based waste management startup Recycleye raises £3.5M to solve waste epidemic with AI & robotics, more here
  • London-based digital ID startup cheqd secures £1.9M funding, more here
  • London-based Vinterior raises £8M funding to make vintage decor accessible to everyone, more here
  • Sunday wants to become the PayPal of restaurants, nets $100M funding in 5 months after launch, more here
  • London-based Mojo, world’s first app to help men get smart about sexual health raises £3.25M, more here
  • Amazon and eBay ‘super seller’ from the UK, Boulevard bags £2.2M funding from Fuel Ventures, more here
  • London’s Wiserfunding secures £3M to disrupt the SME credit risk space, more here
International Highlights
  • Cyber insurance firm Coalition lands $205M at Series E, valued at $3.5B, more here
  • Burro raises $10.9M for autonomous produce field transport, more here
  • Cyber insurance firm Coalition lands $205M at Series E, valued at $3.5B, more here
  • Swan raises $18.7 million to provide embedded banking services, more here
  • Amazon-backed buy now, pay later platform Capital Float raises $50 million, more here
  • Optimove raises $75M growth investment to manage customer-led journeys at scale, more here
Events
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