How many total SaaS companies are there in London?

As of May 2026, London has 6884 active SaaS companies.

How many SaaS companies in London are funded?

As of May 2026, 2252 companies have received funding in this sector.

What is the total funding raised by SaaS companies in London?

SaaS companies in London have collectively raised $52.2B in funding till date.

Who are the top investors in SaaS companies in London?

The top investors in SaaS companies in London by number of investments are Accel and Bessemer Venture Partners.

Which is the highest funded SaaS company in London?

As of May 2026, Sonovate has raised $2.7B in funding, highest among the funded SaaS companies in London.

How many exits have occurred in SaaS companies in London?

SaaS sector in London has seen 569 acquisitions and 50 IPOs.

How many SaaS unicorns are there in London?

London has produced 21 unicorns in the SaaS sector till date.

List of 8,581 SaaS Startups in London, United Kingdom & Market Trends (May 2026)

The SaaS sector in London, United Kingdom comprises 8.58K companies, including 2.25K funded companies having collectively raised $52.2B in venture capital money and private equity. Out of these, 1.07K are Series A+ funded, and 21 have achieved unicorn status.

SaaS sector in London, United Kingdom has seen 569 acquisitions and 50 IPOs. This represents almost 7.2% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.

All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence, etc are included in this sector. 1. All On-premise B2B software are excluded. 2. All companies that do not offer their own proprietary software are excluded. 3. Services and Consulting firms are also excluded. 4. Resellers are also excluded.

Key Metrics

Total Companies

8.58K

Top Companies

Tide, SumUp & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

569

View complete details of this sector

There are 8,581 SaaS startups in London, United Kingdom which include Tide, SumUp, GoCardless, Improbable, ComplyAdvantage. Out of these, 2,252 startups are funded, with 1,072 having secured Series A+ funding, and 21 achieving unicorn status.

Over the past 10 years, an average of 472 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and Imperial College London.

1. Tide

Provider of business accounts, payment solutions, and financial management tools. The company offers tools for invoicing, accounting integration, and expense management. It facilitates business loans, asset finance, and various credit options. The platform also provides resources for company registration and business support.

Key facts about Tide

Founded Year: 2015
Location: London (United Kingdom)
Stage: Series C
Total Funding till date: $181M
Investors: Augmentum Fintech, Apax and 48 Others
Latest Funding Round: Series C, Sep 22, 2025, $*****
Tracxn Score: 84/100 What is this?
Competitors Rank: 1 of 107 Competitors

2. SumUp

Provider of mPOS solution and card reader for offline retailers. It features an app and a card reader for accepting payments from customers. The merchant enters the order details in the app which are transferred to the card reader. Application is made available on Android and iOS platforms.

Key facts about SumUp

Founded Year: 2012
Location: London (United Kingdom)
Stage: Series E
Total Funding till date: $997M
Investors: Bain Capital, Sixth Street and 47 Others
Latest Funding Round: Conventional Debt, May 19, 2025, $*****
Tracxn Score: 81/100 What is this?

View full list of companies in this sector

3. GoCardless

Recurring payment solutions for businesses. The platform features a solution for enterprises to accept payments via operational cost and conversion risk reduction, cash flow management, payment tracking, subscription management, and more.

Key facts about GoCardless

Founded Year: 2011
Location: London (United Kingdom)
Stage: Acquired
Total Funding till date: $540M
Investors: Adams Street Partners, Bain Capital Ventures and 24 Others
Latest Funding Round: Series G, Feb 08, 2022, $*****
Tracxn Score: 79/100 What is this?
Competitors Rank: 1 of 33 Competitors

4. Improbable

Platform offering distributed simulation software for video games and corporate sectors. The platform offers a cloud-based computing solution that enables game developers to create, run, and operate online games. Also, allow developers to write code using any simulation software and distribute their code across multiple machines.

Key facts about Improbable

Founded Year: 2012
Location: London (United Kingdom)
Stage: Series D
Total Funding till date: $932M
Investors: Andreessen Horowitz, SoftBank and 43 Others
Latest Funding Round: Series D, Oct 03, 2022, $*****
Tracxn Score: 77/100 What is this?
Competitors Rank: 1 of 196 Competitors

5. ComplyAdvantage

Cloud-based AML solutions. It automates onboarding and monitoring processes. Its features are transaction monitoring, payment screening, media screening, and more. It provides information on politically exposed persons, sanctioned entities, terrorists, and other entities that can help businesses avoid risk. It enables financial institutions to manage and regulate features such as global sanctions, global financial regulators, global law enforcement data, and more.

Key facts about ComplyAdvantage

Founded Year: 2014
Location: London (United Kingdom)
Stage: Series C
Total Funding till date: $167M
Investors: Balderton Capital, Ontario Teachers' Pension Plan and 39 Others
Latest Funding Round: Series C, May 07, 2021, $*****
Tracxn Score: 77/100 What is this?
Competitors Rank: 1 of 1,611 Competitors

Access the full list of 8,581 SaaS Startups in London, United Kingdom

Companies founded year-on-year in the SaaS sector in London

894 SaaS startups in London were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	143
2024	341
2023	562
2022	469
2021	568
2020	894
2019	692
2018	558
2017	501

Stage-wise distribution of SaaS sector companies in London

Out of the total 8,581 SaaS companies in London, 2,252 have secured funding. Among them, 1,072 have reached Series A or higher, and 793 to Series B or beyond.

Founded - 8,581

Funded - 2,252

Series A+ - 1,072

Series B+ - 793

Series C+ - 681

Company Stage	No. of companies
Founded	8,581
Funded	2,252
Series A+	1,072
Series B+	793
Series C+	681

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Total funding year-on-year in the SaaS sector in London

The SaaS sector in London saw a total funding of more than $48.6B in the last 10 years. The most amount of funding was in 2023 at more than $10.3B. There has been a total funding of $5.4M in 2026 till date.

Total Funding

Year	Total Funding
2026	$5.4M
2025	$6.11B
2024	$6.1B
2023	$10.3B
2022	$7.13B
2021	$7.54B
2020	$4.24B
2019	$3.88B
2018	$1.78B
2017	$1.59B

Recent Funding Rounds in SaaS in London

In the year 2026, till January 2026, SaaS companies in London have raised $5.4M in equity funding across 1 round. In the same period last year (i.e. till January 2025), SaaS companies in London had raised $503M across 19 rounds. So, 2026 has seen a 98.93% drop in funding in SaaS companies in London as compared to 2025.

Here are some recent, important funding rounds in SaaS companies in London:

Company	Round Raised	Amount Raised	Funding Date	Investors
MAIA	Series A	5428	Jan 07, 2026	Molten Ventures
Digilytics	Series A	9702	Dec 19, 2025	Maven Capital Partners
Ai Build	Series A	8559	Dec 17, 2025	Driventure and 5 more
Poly	Series D	3745	Dec 15, 2025	Hedosophia and 8 more
Bolt Insight	Series A	2519	Dec 10, 2025	Pembroke VCT and 4 more

See a more detailed list of funding rounds

Accel is the top investor in SaaS companies in London based on number of companies invested.

Here are some top investors in SaaS companies in London:

Investor	Location	Top Portfolio Companies
Accel	Palo Alto (United States)	GoCardless, OpenGamma, Synthesia and OneTrust
Bessemer Venture Partners	Redwood City (United States)	Optibus Technologies, Previse, Vector AI and OTCX
Lightspeed Venture Partners	Menlo Park (United States)	Stability AI, Granola and Paid
General Catalyst	Cambridge (United States)	Wordsmith, Hopin, Rossum and Packfleet
Battery Ventures	Boston (United States)	Mews, Soldo, Hyperexponential and Titian Software

See a more detailed list of investors

In the year 2026, till January 2026, 1 acquisition happened in SaaS sector in London. Last year, in 2025, a total of 60 acquisitions happened in SaaS sector in London.

Here are some recent, important acquisitions in SaaS sector in London:

Company	Acquisition Type	Acquisition Date	Acquirers
Keyless	Business Acquisition	Jan 07, 2026	Ping Identity
OpenGamma	Business Acquisition	Dec 17, 2025	Trading Technologies
HotelTime	Business Acquisition	Dec 16, 2025	Sandberg Capital
GoCardless	Business Acquisition	Dec 11, 2025	Mollie
Robin	Acqui-Hired	Dec 09, 2025	Scissero

See a more detailed list of acquisitions

Acquisition trends in SaaS sector in London

Here are the acquisition trends in SaaS sector in London:

Total Number of Acquisitions

Year	No. of companies
2026	1
2025	60
2024	63
2023	44
2022	77
2021	87
2020	42
2019	46
2018	33
2017	38

In the year 2025, till March 2025, 2 IPOs happened in SaaS sector in London.

Here are some recent, important IPOs in SaaS sector in London:

Company	IPO Date	Exchange Symbol
RedCloud	Mar 21, 2025	National Association of Securities Dealers Automated Quotations (NASDAQ)
Diginex	Jan 22, 2025	National Association of Securities Dealers Automated Quotations (NASDAQ)
Cykel	Oct 23, 2023	Aquis Stock Exchange (AQSE)
learnd	Jan 27, 2023	Frankfurt Stock Exchange (FRA)
RateGain	Dec 17, 2021	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the SaaS in London

Most number of SaaS startups in London have been founded by alumni from University of Cambridge, University of Oxford and Imperial College London.

College	No. of companies
University of Cambridge	194
University of Oxford	162
Imperial College London	126
University College London	105
London School of Economics and Political Science	57
London Business School (LBS)	50
University of Bristol	47
King’s College London	44
University of Manchester	43
University of Warwick	43

Total funding in SaaS companies founded by alumni from top colleges in London

In the last 10 years, University of Cambridge graduates' SaaS companies in London have raised the most funding among top colleges. Stanford University alumni are second, and Stanford Business School alumni are third.

College	Total Funding
University of Cambridge	$5.85B
Stanford University	$4.43B
Stanford Business School	$4.15B
University of Oxford	$4.11B
London Business School (LBS)	$3.42B
Carnegie Mellon University	$3.16B
Imperial College London	$2.97B
University of Manchester	$2.54B
University College London	$1.86B
London School of Economics and Political Science	$1.35B