The inaugural Sunday Occasions 100 Tech league desk was revealed on 17 January and options a good break up of software program and {hardware} corporations. Third out of the 50 software program corporations is UrbanChain, a UK agency which operates a ‘marketplace’ that matches turbines of renewable power and customers on a half hourly foundation.
UrbanChain can be one in all 17 corporations within the league desk led, based or co-founded by a lady.
The Manchester Science Park-based firm has an annual progress price of 334.39%, and was ranked fourth within the general 100.
Somayeh Taheri, UrbanChain Founder CEO, stated: “Being acknowledged by one of many world’s main information publishers is a major second for UrbanChain.
“I keep in mind The Occasions together with UrbanChain in its ‘Rising stars series: the companies growing fast in the North West’ again in September 2021.
“Looking at where we were then to where we are now very much symbolises the journey so far.”
She added: “There’s no doubt that today, as a team, we feel a real sense of pride. We have once again reached another important stage in our growth and this accolade is very much welcome.”
UrbanChain – whose market matches turbines of renewable power and customers on a half hourly foundation, together with personal corporations, workplace buildings, industrial websites, native authorities organisations, hospitals and plenty of extra – recorded 10x income progress to £25m in 2024.
The Sunday Occasions 100 Tech reported that UrbanChain was solely one in all 4 corporations to be worthwhile within the software program high 10.
It additionally stated: “Somayeh Taheri, 42, Mo Hajhashem, 39, and Ayesha Naureen, 40, began UrbanChain in 2017 to supply a traceable power trade for small-scale renewable turbines with clients. Based mostly in Manchester Science Park, it makes use of synthetic intelligence and distributed ledger expertise to match producers and customers, reducing out the ability corporations within the center.
“Revenues, which hit £25 million last year, include the cost of the electricity. The company secured a licence from the energy regulator Ofgem to provide electricity to non-domestic customers in the UK, and it also plans to launch in the US and Ireland this year. It is currently raising around £50 million, having secured £10.5 million so far.”
The Sunday Occasions 100 Tech, Britain’s fastest-growing personal expertise corporations, is supported by Singer Capital Markets, HSBC Innovation Banking and BDO.
UrbanChain founders and administrators can be attending the awards and an invitation-only networking dinner on Thursday, 3 April at The Londoner, Leicester Sq., central London.
