The UK’s regional tech hubs are thriving, and Leeds is no exception. The Yorkshire city is home to a growing number of innovative startups helping to fuel growth in the area.
Not only are there 8,695 digital and tech businesses in Leeds, but they have also employed 53,000 people and have created a digital turnover of £3.67bn.
In fact, Northern Triangle tech startups – those based in Manchester, Leeds and Sheffield – have raised £1.3bn in funding over the last five years.
Here are three high-growth Leeds-based tech startups and scaleups that UKTN has identified as companies to watch.
Bidnamic
Founders: Liam Patterson and Dr Ingvar Kraatz
Year founded: 2018
Funding: $5.3m
Bidnamic is a machine learning platform that helps retailers unlock the full potential of Google shopping. Its artificial intelligence technology keeps track of each individual product’s stock-keeping unit and calculates its best bid value.
It aims to decrease the costs per customer and increase the reach of the shopper’s ad spend.
Bidnamic’s competitors include Albert Technologies, Force24, and Lemlist, all sharing similar industries and employee estimates. In May, the company raised $5m in a Series A round.
Tred
Founders: Will Smith and Peter Kirby
Year founded: 2019
Funding: $2.1m
Tred is a green debit card that provides consumers with information about their carbon footprint as they spend. To reduce and offset one’s carbon footprint, Tred calculates the carbon emissions of every transaction. It provides a personalised carbon footprint that can then be tracked. Additionally, Tred promises that with every purchase made on its cards, money will be sent to reforestation projects around the world.
Tred’s competitors include financial platforms Mollie, Skew and Curve. As for funding, Tred has had three funding rounds and has a total funding amount of $2.1m. Two of its most recent investors are Grow Cafe Investments and Crowdcube. The Tred card is yet to release and has a waiting list of 30,000 people.
Vet-AI
Founders: Paul Hallett, Robert Dawson, and Sarah Dawson
Year founded: 2018
Funding: $12.6m
Vet-AI aims to prevent and predict conditions in animals using artificial intelligence. It’s developing creative and innovative products and services that it says will “reshape the animal health industries” by giving pet owners access to affordable care. Vet-AI is currently raising investment to bring its products to market.
Vet-AI has competitors including Sweetch, TuSimple and ManoMotion. It has raised its $12.6m across five funding rounds, the latest being an undisclosed amount on the 4 of May 2022. Vet-AI’s backers include Correlation One and Hill’s Pet Nutrition. The Leeds-based company was a Tech Nation Rising Star winner in 2019.
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