5. Adzuna

Founders: Doug Munro and Andrew Hunter
Founded: July 2011
Website: www.adzuna.co.uk

When we featured Adzuna as part of our Startups 100 list in 2013 – for the second time in a row – founders Doug Munro and Andrew Hunter predicted that the all-in-one classifieds search engine was destined to become the biggest and best of its kind not just in the UK, but globally. This is a dream that is coming ever closer to fruition; the service is now operational in 11 different markets across the globe, and the founders have been working hard to ensure true integration in these international locations, hiring ‘rock star’ employees who are native speakers of the local language in each of their markets.

With the network’s userbase having quadrupled to four million visitors a month – a figure that increases by the day – Adzuna is surely on the path to becoming a truly global web phenomenon in 2014. Not bad for a business that was originally hatched on the back of an envelope in a London pub.

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4. Senscraft

Founders: Carey Bunks and Samy Trigui
Founded: August 2012
Website: www.senscraft.com

Coming in third on our 2013 list and with a hugely impressive top five position again this year, the enterprise mobile platform developer has continued to enjoy stellar success. Self-funded and profitable from day one, (a very rare and impressive feat), Senscraft generated revenues of almost £1.5m in 2013 with £583,375 net profit.

Drawing on both founders’ years of experience in the mobile and digital space, the tech start-up provides an all-in-one service for brands wishing to develop a mobile platform, helping them maximise their sales across mobile channels without the hassle of setting it up themselves. Now with customers spanning 10 countries across the globe, Senscraft’s founders have more than fulfilled their expectation that they could “make much more important economic contributions to the UK economy by creating [their] own company than [they] could as employees.” Expecting 100% growth across the next fiscal year as they plan to accelerate the expansion of their client pool by targeting new sectors and verticals, Senscraft is a start-up with the potential to become a big name in the mobile space.

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3. Hello Fresh

Founders: Ed Boyes and Patrick Drake
Founded: January 2012
Website: www.hellofresh.co.uk

Moving closer to our prestigious number one spot, Hello Fresh moves up two places this year after coming in at number 5 in our 2013 list. The innovative start-up, founded by Young Guns Ed Boyes and Patrick Drake, (Boyes had two start-ups under his belt by the time he left university and Drake is an accomplished chef), has continued to deliver the goods for UK consumers, growing into a clear market leader in the recipe box delivery sector.

Its stated mission is to transform the way people cook and eat; more than just a simple delivery service, everything from the ingredients and recipes to the way the food is presented and delivered is imbued with the ethos of “turning routine into excitement”. The company has grown revenues from £2m in 2012 to approaching £10m in 2013, becoming a 20-strong team in the process. Across 2014, Hello Fresh expects to deliver two to three million meals in the UK, confidently expecting turnover to grow to an eye-watering £15m.

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2. YPlan

Founders: Rytis Vitkauskas and Viktoras Jucikas
Founded: February 2012 (launched November 2012)
Website: www.yplanapp.com

Created with the aim to “radically change the way people go out and enjoy their city”, YPlan; the “world’s first mobile ticketing app”, has gone from strength to strength since featuring in the Startups 100 2013. Launched by Growing Business Young Guns Rytis Vitkauskas and Viktoras Jucikas, the company enables users to browse curated shortlists of last minute events on their Android or iOS smartphone, and purchase discounted tickets within two taps. It’s this unique offering which has seen it raise $13.7m funding from leading venture capital firms and business angels, build a team of 50 employees and secure backing from high-profile personalities such as Pharrell Williams (pictured), Ashton Kutcher and Stephen Fry.

Beating 28 finalists to win the title of Simply Business Startups Business of the Year at the Startups Awards 2013 and one of Forbes magazine’s “7 hottest start-ups of 2013”, YPlan has swiftly positioned itself at the top spot of an industry worth $50bn. Over the last year, the business has gone global; having opened offices in New York, San Francisco and most recently Las Vegas. With 90% of its app reviews rated five stars on the ITunes App store; YPlan is quickly becoming a household name and firmly deserves its illustrious second place position.

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1. Captify

Founders: Dominic Joseph and Adam Ludwin
Founded: July 2011
Website: www.captify.co.uk

Featured at number six in the Startups 100 2013, advertising innovator Captify has continued to accelerate growth over the last 12 months to clinch our extremely coveted number one spot; strengthening its position as Europe’s first and only digital advertising business to specialise in ‘search retargeting techniques’. Founded in 2011 by Young Gun pioneers Dominic Joseph and Adam Ludwin, the London-based advertising start-up uses its proprietary algorithm to display ads to users based on their search behaviour on Google, Yahoo! and Bing. This technology, which incorporates context, browsing activity, and social activity, has enabled it to create high performance targeting segments and obtain “industry leading results” which have not gone unnoticed by global brands; Warner Brothers, Peugeot, Tesco’s, and EA Games are just some of the firm’s biggest clients.

Now with a team of over 40 employees and 100 customers each month, the web advertising company shows no sign of slowing down and has further technology development and overseas expansion on the cards, starting with an office in Germany. Additional overseas offices are also in the pipeline which it will develop using the remaining funds from the £1.2m it raised in May 2013. Determined to add “as much value in the marketing chain through process, people and technology,” Captify’s meteoric rise has not been without its challenges; it has had to build new software to support its product and faces increased competition from heavily-backed US corporations. Yet the digital tech specialist remains ever confident of its growth potential and with revenue due to triple in 2014 – it’s no surprise that the young company feels it has the upper hand with its “true understanding of the European market”.

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Startups 100: Where are they now?

Our flagship Startups 100 list has been running since 2008, and we have recognised some amazing businesses in that time, many of which have gone on to achieve truly global renown.

As an index of the 100 most promising start-up businesses in the UK, the list has proved to be a remarkably accurate barometer of the entrepreneurial superstars of tomorrow; many businesses featured have found the exposure generated by the list to be instrumental in their success.

As the 2015 list opens for entries, we thought it would be a good time to look back at some of the stand-out businesses from years gone by and see whether they fulfilled their early promise. Just a small selection of the many successful businesses we have featured are seen here – we were completely spoiled for choice.

2008

Monitise

Featured: 2008 (2nd)
Founded: 2003
Founders: Alistair Lukies and Steve Atkinson

Where are they now: The mobile banking specialist was just on the cusp of success when we featured it in 2008’s list, and has now gone on to become one of the leading mobile payments specialists in Europe. It saw particularly spectacular growth last year, growing revenues from £43m in 2012 to an estimated £73m in 2013, with the company expecting to increase this again to £110m in 2014. The last few months have seen a number of high-profile deals, as the company acquired Turkish competitor Pozitron after entering into a five-year Mobile Money partnership with a ‘leading UK bank’ to design and build a bespoke mobile banking system.

Zopa

Featured: 2008 (3rd)
Founded: 2005
Founder: Giles Andrews

Where are they now: Zopa can count itself as a true pioneer of the burgeoning alternative finance market, launching as the world’s first online peer-to-peer borrowing and lending marketplace back in 2005. Since being featured in 2008 it has grown into one of the leading companies in the European alternative finance sector – with more than £455m of loans facilitated through the platform – and recently listed as one of the 2014 FinTech 50, an independent index of the ‘hottest’ companies in the European fintech market. In January of this year, Zopa announced an investment of £15m from asset manager Arrowgrass Capital as it looks to build on its continued rapid growth.

2010

The Gym Group

Featured: 2010 (5th)
Founded: 2008
Founder: John Treharne

Where are they now: When we covered The Gym as part of our 2010 list, it was still comparatively early-stage, but the potential was obvious; with more than 30,000 members across six sites, the contract-free alternative to the traditional gym had an ambitious plan to open more than ten additional outlets per year. As it happens they have exceeded this, with around 50 gyms across the country now part of the network – and with more than £50m of funding secured from private equity groups Phoenix Equity Partners and Bridges Ventures, the Gym’s growth is only set to continue. In December 2012, this growth was recognised by the Sunday Times in its prestigious Fast Track 100 list of the fastest-growing companies in the UK. Coming in at number 13 on the list, The Gym Group is the only company in the budget fitness sector to have achieved this accolade. ​At the time of publishing, The Gym Group had just announced a merger with Pure Gym, the terms of the deal not yet disclosed, to become a single national gym operator with a network of over 103 clubs.

Huddle

Featured: 2010 (1st)
Founded: 2006
Founders: Andy McLoughlin and Alastair Mitchell

Where are they now: We described Huddle as an ‘easy choice’ for top spot in our 2010 list, as the online collaboration platform looked on the course to global domination after successfully breaking into Silicon Valley with the help of $10.2m funding from Matrix Partners. So it has proved – the firm has seen explosive growth in the three years since its win, and is now backed by more than $40m of capital from global investors including In-Q-Tel (the venture arm of the CIA). Revenues are doubling year-on-year, and the software is now trusted by top government organisations and financial services companies across the world, beating out competing services offered by global giants Microsoft and Oracle. The company employs 200 people, with offices in London, San Francisco and New York, and with the market for cloud-based services estimated at $132bn, Huddle will be looking forward to further success in years to come. ​

Zoopla

Featured: 2010 (10th)
Founded: 2008
Founders: Alex Chesterman and Simon Kain

Where are they now: Set up with the aim of promoting greater transparency to renters and buyers looking for property online, Zoopla has become one of the UK’s leading property listings platforms, quickly closing the gap on rival Rightmove – recent data showed that traffic to the portal had increased 36% over the last year, compared to just 18% for Rightmove. In September 2013, the site marked a major acquisition when it purchased the Trinity Mirror group’s four property websites for £3.3m, and is rumoured to be edging closer to a £1.3bn flotation on the London Stock Exchange.

2012

Hailo

Featured: 2012 (4th)
Founded: July 2011
Founders: Jay Bregman, Russell Hall, Gary Jackson, Terry Runham, Caspar Woolley, Ron Zeghibe

Where are they now: You know a company has promise when it has the venture capital founders of Facebook, Groupon and Spotify behind it, and so it has proved, with the taxicab booking app going on to achieve near-ubiquity on Londoners’ smartphones since we featured it in 2012.

13,000 drivers in London – over half of the capital’s cabbies – have now signed up to the app, with more than three million customer journeys completed since launch. And Hailo isn’t just making waves in London, either – the service has now launched in 13 cities worldwide, including New York, Toronto and Dublin, with more than 42,000 drivers now part of the company’s global network.

MVF Global

Featured: 2012 (3rd)
Founded: September 2009
Founders: Titus Sharpe, Tom Morgan, Jules Hopkinson, David Walton and Simon Venturi

Where are they now: MVF Global made it onto the Startups 100 for its unique pay-per-lead approach to lead-generation marketing – a proposition that had already seen it build up a platform of 60,000 members in 2012. Since then the business has seen truly remarkable growth – the average growth rate over the last three years has been 278% and the business increased revenues from £8.5m in 2012 to £13.9m a year later. This has seen the 125-strong company recognised as the fastest-growing tech firm in the UK as winner of the prestigious 2013 Times Tech Track, as well as earning the gong of Fastest Earnings Growth Technology Business in Europe in the Media Momentum Awards.

Onefinestay

Featured: 2012 (8th)
Founded: September 2009
Founders: Greg Marsh, Demetrios Zoppos and Tim Davey

Where are they now: This innovative business was listed on the 2012 Startups 100 for its unique approach to holiday accommodation, which is a marketplace connecting London’s idle luxury homes with well-heeled holiday renters.

The company has since grown into a full-time team of more than 200 people  and is well on its way to becoming a major player in the holiday rentals market, with more than 1,000 homes in London exclusively listed on the site. Onefinestay marked a successful international launch in May 2012 when it opened its doors to the New York market; it now has more than 300 properties listed across the pond, with more being listed every day. Further international launches have followed in Paris and Los Angeles, launching with two dozen homes each, and the company has also been building on its website technology, introducing map-based search along with a new Area Guides feature on the Onefinestay website.

Stylus

Featured: 2012 (7th)
Founded: September 2010
Founder: Marc Worth

Where are they now: Started by internationally-renowned fashion entrepreneur Marc Worth as a rival brand to WGSN, which he sold for £142m in 2004, Stylus reinvigorates the fashion forecasting concept by pulling together a disparate range of cultural influences to provide ‘design inspiration’ for its business clients, which include household-name brands like Marks and Spencer. The business grew turnover from £2.5m in 2012 to around £3.2m last year, doubling its client base in the process. To cope with the increased demand, Stylus has widened its offering to include a new consulting service, helping clients ‘turn inspiration into innovation’. The dynamic Worth has no plans to slow down, either, with a stated aim of doubling Stylus’ client base again in 2014.

2013

Mainstage Travel

Featured: 2013 (45th)
Founded: September 2011
Founders: Rob Tominey and Aiden Levin

Where are they now: Just months after we featured Mainstage in our 2013 list – excited by the young company’s almost unbelievable proposition of ‘once-in-a-lifetime’ clubbing holidays starting from £120 – the company achieved nationwide renown by featuring on BBC Two’s Dragons’ Den. Founding pair Tominey and Levin acquitted themselves admirably, too, standing up well to the Dragons in a no-nonsense pitch and walking away with a £100,000 investment from new Dragon Piers Linney, the third most valuable deal ever concluded on the show. Discussing his decision to invest, Linney called the company ‘phenomenal’ and enthused about the company’s growth potential. With high-profile venture capital backing and clear plans to expand the range of holidays it offers, it is clear Mainstage Travel is going places. ​

myParcelDelivery.com

Featured: 2013 (1st) 2012 (13th)
Founded: November 2009 (launched June 2010)
Founders: David Grimes and Paul Haydock

Where are they now: Already having achieved the feat of being featured twice in our end-of-year list, moving from 13th to our prestigious number one spot, the comparison website for courier services recently announced a seven-figure investment from backers Praetura Capital – representing a major milestone for the business. The delivery business has achieved impressive growth since foundation, growing revenues by 46% in 2013 with 50% growth comfortably expected for this financial year. Praetura’s backing will allow it to create new online tools for customers to consolidate its market-leading presence in the sector, as well as fund new hires. With no real competitors and a huge potential market, great things are expected of this company. ​

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The Gym Group merges with Pure Gym to create single “no frills” national gym operator

Low-fee gym business The Gym Group, featured in the 2010 Startups 100, has announced it is to partner with competitor firm Pure Gym to become a single nationwide gym operator.

The deal, the terms of which are currently undisclosed, will see the two gym brands expand their combined network to 103 “no frill” gyms across the country.

Founded in 2008 by John Treharne (pictured), The Gym Group, listed in the Sunday Times fast track 100, offers a contract-free alternative to traditional gym memberships, providing members with full access to its 42 UK-wide gyms from £10.99 a month, available to use 24 hours a day.

Its new venture partner Pure Gym owns 61 24-hour gyms across the country and is majority owned by New York private equity group CCMP Capital Advisors, with other shareholders including New Look founder Tom Singh.

Treharne will retain his title of chief executive in the merged group whilst Pure Gym chief executive Peter Roberts will become executive chairman. 

Pure Gym’s Roberts commented:

“This agreed deal unites two innovative players in the fast-changing gyms sector, where the low-priced model is improving consumer choice and contributing to better exercise levels across the country.”

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Startups 100 promotion aggregator SalesGossip secures £600,000 from leading angel investors

UK fashion and beauty platform SalesGossip has closed its second angel round, raising £600,000 from leading investors including Sean Phelan and Audrey Mandala of Multimap.com, acquired by Microsoft in 2007, and Andrew Grahame, co-founder of Mr and Mrs Smith.

Launched in November 2012 by Elizabetta Camilleri and Emilio Sanz, SalesGossip aggregates all the latest deals from over 900 fashion and beauty retailers including John Lewis, Clarins and M&S, offering members exclusive access to product sales, events and promotions based on their buying preferences.

Using personal alerts and emails to make members aware of discounts before they are available to the public, the fashion company, listed in the Startups 100 2013, says it has grown by 30% month on month and now has over 300,000 subscribers.

It intends to utilise the investment to create native mobile apps for iOS and Android in order to increase site engagement, along with in-store promotions and developing the personalisation aspect of its sales alerts.

The deal, which builds on its initial angel funding round of £250,000 in 2012, was also backed by Colin Rushmer of Global Reach Investments, Robin McIlvenny, partner at Ptarmigan Capital Limited and start-up angel investor Stephen Bullock. 

SalesGossip co-founder and CEO, Camilleri, commented: “We were very pleased by the amount of interest we received in our second round, especially because we were oversubscribed.

“I think our success has shown that retailers and shoppers alike want smarter, more targeted promotions. Fashion retailers in the UK are crying out for more efficient ways to attract online traffic and footfall and we have found a way to do it that also benefits tech-savvy shoppers.”

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