STARTUP NORFOLK UNICORN HUNTER


Below is a work in progress list of Norfolk based tech startups, ranked by estimated valuation (*) or publicly known information, that are aiming to become the next UK unicorn worth over £1BN.

Rating

Startup

Stage

Valuation

Description

Site

1

Epos Now

Revenue

£50MM*

Cloud-based software provider for electronic point of sale

2

Rainbird Technologies

Development

£20MM*

AI-powered automation technology to make decision-making smarter

3

In Let

Revenue

£8MM*

Insurance for the sharing economy

4

Ubisend

Revenue

£5MM*

AI-driven chatbot building company

5

Thyngs

Revenue

£4.3MM pre

Transforming physical items into a virtual payment point

6

Supapass

Revenue

£3MM pre

The content subscription platform

7

Tech Marionette

Revenue

£1MM*

Visualise and control your IT

8

Safepoint

Development

£500K*

Complete lone worker solution

9

Assemble

Concept

£7.5MM

Mobile location intelligence

10

Blurtit

Revenue

£250K*

The Q&A site designed to help people

Startup Stages Explained

Concept: At the idea stage; a concept on paper; an MVP; or a beta demo. Select this stage also if you are doing lean experiments, research or trials.

Development: Development of a user / customer platform, product or service is underway.

Revenue: Have a product / service now in front of customers and have started to pull in sales revenues; even if they are just a trickle.

Valuation Explained

We use either the last publicly known pre-money valuation (i.e. from beauhurst.com or, public pitch decks / events) or will add in additional investment raised for a post-money valuation. For a public company we use market cap.

* Denotes an estimate based off funding rounds or revenue stated in places such as Crunchbase or Wikipedia, using an average 5x annual profit SaaS multiple according to SEG.  If bootstrapped we best guess in terms of technology and/or ARR.