It has been suggested that more unicorn companies will soon emerge from Manchester’s rapidly growing technology ecosystem.
Software consultancy Codurance says the north city will soon add to the five unicorns already produced – Boohoo, AO, AutoTrader, The Hut Group, and On The Beach.
Ein Unicorn is a privately held technology start-up that has achieved a valuation of more than $ 1 billion.
The Manchester city center company said it continues to partner with the fastest UK company to ever achieve unicorn status, Cazoo, to support its ambitious expansion plans.
Cazoo plans to list on the New York Stock Exchange later this year through a $ 7 billion business combination with AJAX I, a publicly traded special purpose vehicle founded by US investor Dan Och.
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On the subject of matching items
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On the subject of matching items
According to Tech Nation and Dealroom, the UK now has 100 tech companies valued at over $ 1 billion – up from 44 in 2017. Manchester ranked fourth on the UK tech hub investment table with £ 163 million in the sector were invested.
Amelia Bampton, Codurance UK North’s regional director, said Manchester will soon add to the five unicorns already produced.
She said, “Although I am surprised that there have been no more indigenous unicorns lately, I am all too aware of the city’s incredible startup culture and courageous and bold ambitions, its already world-class reputation as a thriving one Business Improvement. ”Technology and Business Destination.
“It is noteworthy that British tech unicorn creation has increased 127% over the past few years.”
She added, “With Manchester such an emerging startup hotbed, there are sure to be ‘future grains’ that will emerge. While Covid poses an incredible challenge, it has undoubtedly accelerated positive effects on digital delivery companies and their impact.
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“I firmly believe that more unicorns will appear. Investors are ready and following the progress of a number of startups across the city. “
Codurance – which supports startups throughout their lifecycle – is a £ 8mn software consultancy with more than 100 employees and offices in Barcelona and London.
Ms. Bampton recently hired a number of hires to support the company’s growth in Manchester, adding, “Codurance has contributed to the amazing growth of Cazoo as it has worked as a software partner for this major industry disruptor, including working with them with their new car subscription. ”Operation.
“And prior to launching Cazoo, Codurance, as part of its global scale ambitions, helped build robust systems for every step of the user journey in a complex, multi-value stream company while creating a great user experience.”
