Pip Jamieson, founder of The Dots
A delegation made up of some of London’s fastest growing women-led technology start-ups is heading stateside to promote UK tech across the pond.
Fifteen of London’s fastest growing women-led technology start-ups will be part of a trade mission to the Bay Area next week to explore investment, export and expansion opportunities in the West Coast of the United States.
The four-day trade mission led by the Mayor’s International Business Programme and Silicon Valley Comes to the UK (SVC2UK) will provide the opportunity to pitch to venture capital firms, learn from US founders and meet with high profile executives at Google, Facebook and Box.
According to London & Partners research, 2017 was a record year for venture capital funding into UK tech companies from Bay Area investors, with British tech firms receiving over £1.6bn worth of funding.
UK companies have also received significantly more investment from the Bay Area than their European counterparts, with UK firms attracting over four times the amount invested in France (£214m), Germany (£394m) and Sweden (£263m) last year.
The fifteen businesses joining the trade mission represent some of the UK's most exciting high-growth companies, growing at an average rate of over 75% per annum (based on the past three years) and collectively employing almost 400 people.
The trade mission is part of the Mayor of London, Sadiq Khan’s #BehindEveryGreatCity initiative, a campaign to mark the centenary of the first women in the UK winning the right to vote and drive forward gender equality across the city.
Mayor of London Sadiq Khan said: “London’s tech ecosystem is one of the most diverse in the world and the women in tech on this trade mission to Silicon Valley offer further proof that you can grow a successful tech business in London regardless of your gender or background.
“I am pleased that my International Business Programme is able to help them maximise their investment and networking opportunities in North America, creating further jobs and growth for London.
“As two of the world’s leading tech hubs, there is a great opportunity for London and Silicon Valley to lead the way in promoting greater diversity for the global tech community.”
Joanne Smith, founder and group CEO of Recordsure & TCC, one of the companies travelling on the trade mission added: "To represent London as one of the UK’s most exciting high-growth companies is a tremendous honour.
“As well as an exciting opportunity to expand our international network, the trade mission provides a unique platform to share knowledge, ideas and insights with some of the leading minds in the world of tech, and I look forward to discussing the innovative solutions being applied across such a diverse range of industries."
As part of the trade mission, the CEOs and founders will have the opportunity to meet with and pitch their business ideas to US corporates and investors, with previous companies on the programme benefitting from investment and deals.
Following her involvement in 2017’s trade mission, Aneeqa Khan, CEO and founder of interior marketplace start-up ePorta has since raised US$8m in Series A funding led by West Coast venture capital firm, Canvas Ventures.
Other success stories following their involvement in the Mayor’s International Business programme trade missions to Silicon Valley include a recent US$2m Series A funding for Edtech start-up Mrs. Wordsmith; the US expansion of Mr & Mrs Smith co-founded by Tamara Lohan, now employing more than 30 people in the US; and London MedTech start-up Baby2Body that was recently invited to join Morgan Stanley’s US-based Multicultural Innovation Lab.
The 15 businesses and founders joining the programme include:
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement