London’s biggest VCs and investors tell Standard the coolest start-ups they’re seeing this year
Meaning of Old City Wine Bar – Remember Them? – Full of chats about the next big IPO or the whispers of a junior market minnow that will make you rich.
Now, if it wasn’t a ‘dry January’ and most of London wasn’t hibernating at home, the hot money chat might focus on the firms of the first phase: the best-looking start-ups of Shoreditch and King’s Cross.
London’s biggest VCs and investors have told The Standard what talented start-ups they’re eyeing this year: firms they haven’t (yet) invested in, but will be the biggest new ones about. No one has heard (yet). ,
what? The Recruitment Site That Promises to Remove Subliminal Prejudice and Help Improve Interview Techniques
funding? £1.9 million so far.
Hoxton Ventures partner Hussein Kanji looks on with admiration: “It was started by a serial founder [Jay Radia of e-commerce tech site Yieldify] and Anton Bonner, head of AI at Revolut.
“As a lot of job interviews are done online and on channels like Zoom, their software ensures that no inappropriate questions are being asked, the right topics are taken care of and employees are coaching to be great interviewers. passing through. It’s starting to scale, though early in its journey.”
what? A job platform for flexible roles
The WFH Dictate of Covid sends VCs to oversee new recruitment and office start-ups. Fiona Pathiraja, managing partner at Krista Galli Ventures, believes the recruitment firm will be a big name this year.
“The pandemic has made many of us realize that we value flexibility in our work lives – Flexa helps candidates find flexible jobs that match the best talent for companies with their lives Works,” she says. “Clients include established companies such as Allianz, Far Fetch, and development-stage start-ups including Alvi.”
what? Helps the firm to hire, pay and support employees who work remotely around the world
funding? $17.8 million
Rees Choudhury, founding partner, RLC Ventures, says: “Covid-19 was (and remains to be) well placed to capitalize on the disruptions caused by employment structures across the globe. It is starting to become clear that approaches are shifting to remote working, and the infrastructure to support this adoption will flourish. ,
what? Helps firms facing outages or data breaches get back online faster
funding? $4.7 million
This is the year of bug-fixing, says James Wise, partner at tech VC Balderton Capital.
“Software has become a fundamental part of all our lives, especially during pandemics,” he says. “So when there’s a bug in your software, who are you going to call?”
He’s tipping Incident, a start-up with founders of UK unicorns like Monzo and Gocardless, “which helps software teams respond to bugs and other issues with their software to help things get done quickly.” to be run again as soon as possible.”
what? Creates “non-invasive” audio ads for mobile gaming
funding? $16 million
VC RTP Global partner Gareth Jefferies is backing Audiomob because “Gaming has grown in popularity as a result of Covid, but it has been difficult for advertisers to reach this audience as an aggressive banner or video ad can ruin it. [gaming] experience, so publishers refuse to run them.
“AudioMob has found a way around this with in-game audio-only ads that allow brands to connect in a non-invasive way. I see the immense potential for them here to dominate gaming and become the leading advertising platform Looking.”
what? insurance pricing platform
funding? $18 million
“Insurance is a huge industry and a lot has been done in recent years by new players disrupting the value chain,” says Jefferies at RTP.
“Hyperexponential arms both existing and newcomers with a killer combination of actuarial expertise, data science and modern UX. Its team of co-founders – all of whom have come from senior positions in the industry – have created the go-to software for one of the most important parts of the overall insurance product and is destined for big things in 2022. ,
Mission Zero Technologies
what? Developing technology to help “close the carbon cycle,” uses electrochemical processes to release captured CO2
Early-stage venture firm Tallis Capital is eyeing Mission Zero Tech, a carbon-combatting start-up for 2022. It is developing highly modular ‘Direct Air Capture’ (DAC) technology to isolate Co2 from the atmosphere on a large scale.
Cecilia Manduka of Talis explains: “2021 has been an important year in realizing that carbon removal has an important role to play if we are to have any chance of reaching the ambitious Net Zero goals, as well as the fact that DAC Just like engineered carbon removal solutions could be. Effective, if not more, than nature-based solutions like deforestation.
“Mission Zero Tech’s modular technology has the potential to sequester and reuse CO2 cheaper and less energy-intensive – and sequester CO2 into gigatonnes!”
what? Helps firms with stock replenishment and more environmentally friendly packaging
funding? $12.2 million
Not sexy, but supply chain firm logistics are on the cusp of a bang after a year of snar-ups and investors have taken note. The wise men of Balderton flag off Sourceful.io, which was founded in 2020.
“It helps businesses create more sustainable supply-chains, reducing carbon emissions by providing better solutions on everything from packaging to inventory management,” explains Wise. “The team has a lot of experience in packaging, with experience from The Hut Group, and quickly raised investments from Eka, a fund known for its climate focus.”
what? Logistics firm providing warehouse and distribution network for e-commerce
funding? $100.8 million
Kanji in Hoxton is eyeing Hubu, a third-party logistics firm that helps companies get orders from customers more quickly than they regret not investing in.
“We passed it, alas,” he says. “It is growing rapidly and becoming one of the largest third party logistics providers in Europe.”
what? Dealing with scheduling problems in the production of semiconductors
funding? $28.8 million
Octopus Ventures Chief Executive Eliot Cole is looking after Flexsiton. It helps those important semiconductor factories to optimize production.
“The supply chain (especially in semiconductors) is still in a bad shape,” Cole says. “Building new factories can take years and cost billions, so it won’t solve the problem, and it can take months to manufacture individual chips with hundreds of processes – so optimizing what you’ve got no one.” No brainer.”
what? Insurance model to cut cost of fertility treatment
“Infertility is on the rise across the developed world, withOn average, 1 in 6 couples is affected,” explains Bryce Keane at VC Atomico. “Gaia Fertility’s insurance model means that those who don’t have a live birth during the Gaia prediction period pay more than a small upfront fee. do not pay. [Fertility] Treatment decisions often come down to one factor beyond all others: cost.
“I like Gaia because the right to have a child shouldn’t be dictated by how much you earn.”