IDscan on the Tech Track 100

SCANNET Uncategorized

  BRITAIN’S OWN UNICORNS LEAD THE CHARGE Our billion-dollar tech companies have the skills, ambition and staying power to back up their huge valuations, reports Rhys Owen No longer confined to mythology, eight privately owned “unicorns” – small, fast- growing technology firms with valuations of more than $1bn – have been identified in Britain, and five of them can be found on the 15th annual Sunday Times Hiscox Tech Track 100. Spanning fashion, retailing, fantasy sports, Travel, advertising and finance technology, the five have on average increased their sales by 191% a year over the past three years, compared with an 86% average annual growth across by whole of the Tech Track 100, which ranks Britain’s fastest-growing private technology, media and telecoms firms. The five unicorns are commerce technology developer and No1 company, Ve Interactive, fantasy sports site Fanduel (No 3). peer-to-peer lending platform Funding Circle (No4), fashion retail website Farfetch.com (No 17), and travel search engine Skyscanner (No 51). Edinburg-based Fanduel …