Investing is no longer solely about profit. A growing number of investors are choosing companies to back that not only provide financial returns but also have a positive social and environmental impact.
The UK is well-positioned in this area. It is home to 900 impact startups and scaleups using technologies such as AI, blockchain and big data to combat global issues.
A recent report by Dealroom for the UK’s Digital Economy Council found that UK impact tech startups collectively raised £2bn in 2021, reflecting a strong appetite for the UK impact startups and unicorns – privately held companies valued at $1bn or more.
The analysis shows there has been a 127% increase in UK impact tech investment since 2018, which is up from £1.7bn last year.
The UK is currently home to 12 impact unicorns. From electric flying taxis to AI-based drug discovery, UKTN has listed all the key details about the 10 UK impact startups to watch in 2022.
Arrival
Founder: Denis Sverdlov
Year founded: 2015
Funding: £800,000
Arrival is a London-based Tesla rival that develops and…
