5 innovative FTSE tech stocks to buy

Highlights 

  • London has been ranked as the second most innovative city across the globe for the second year in a row.
  • The rankings are a part of the annual Global Startup Ecosystem Report 2021 by Startup Genome.
  • London’s startup ecosystem is the largest across Europe by far.

London has recently been ranked as the second most innovative city across the globe after Silicon Valley by the overall ranking of international startup hubs put together by Startup Genome, which is a globally leading innovation policy advisory and research firm. The rankings are a part of its annual Global Startup Ecosystem Report 2021. The report has proved that despite Brexit and the pandemic, the entrepreneurial spirit of London has been high, and the capital of UK continues to attract innovators from across the globe.

Tied with New York, London has held its second position for the second year in a row. Concurring with the London Tech Week, the report disclosed that with an overall value of US $142.7 billion, London’s startup ecosystem is the largest across Europe by far. From the eighth rank in 2012, the city jumped up to the second rank in 2020. Several UK hubs were also a part of the report Top 100 Emerging Ecosystems, which include Birmingham, Bristol, Edinburgh-Glasgow, Manchester-Liverpool, Belfast and Durham.

According to the findings of the report, London is among the best cities across the globe considering accessibility to funds and quality and activity in the investment ecosystem. This year, London has already witnessed record-high levels of VC tech investment, with US $13.3 billion received by its tech startups in the first seven months of the year, which is way more than the $10.9 billion received the UK’s capital in the entire 2020. The year 2021 started as a great year for London due to a significant boost created by major funding rounds for Checkout.com (US $450 million), Revolut (US $800 million), and Hopin (US $400 million).

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Let’s take a look at some of the top UK tech stocks listed on the London Stock Exchange.

Argo Blockchain PLC (LON: ARB)

Headquartered in London, Argo Blockchain PLC is a UK-based blockchain technology company which primarily focuses on large scale cryptocurrency mining. The mining infrastructure of the company is situated at several sites in Quebec, Canada. With a market capitalisation of £542.20 million, the company is listed on the London Stock Exchange since 2018. It has given a significant return of 2,651.94% in 1 year. Argo’s LSE shares were trading at GBX 132.50, down by 6.69 per cent today at 08:21 AM BST. The previous close price of Argo Blockchain PLC’s shares was GBX 142.00 as on 23 September 2021.

Dev Clever Holdings PLC (LON: DEV)

Headquartered in London, Dev Clever Holdings PLC is a UK-based software development company. As an established digital innovation brand, it provides its services to a wide range of blue-chip clients and educator customers. With a market capitalisation of £220.93 million, the company is listed on the London Stock Exchange since 2019. It has given a return of 350.18% in 1 year. The previous close price of Dev Clever Holdings PLC’s shares was GBX 37.00 as on 23 September 2021. Its shares were trading at GBX 37.25, up by 0.68 per cent today at 08:21 AM BST.

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Kape Technologies PLC (LON: KAPE)

Headquartered in Isle of Man, Kape Technologies PLC is a UK-based software company which is engaged in the development and distribution of a wide range of digital products in the online security space. Digital distribution technology is used by the company to distribute its software products to consumers. With a market capitalisation of £932.09 million, the company is listed on the London Stock Exchange since 2014. It has given a return of 141.28% in 1 year. The previous close price of Kape Technologies PLC’s shares was GBX 415.00 as on 23 September 2021.

Zoo Digital Group plc (LON: ZOO)

Headquartered in Sheffield, Zoo Digital Group plc is a UK-based company which provides cloud software-based subtitling, dubbing and media localization services to the TV and movie industry. Its clients comprise of major Hollywood studios, digital distributors, and global broadcasters. With a market capitalisation of £99.16 million, the company is listed on the London Stock Exchange since 2001 and is also a constituent of the FTSE AIM All-Share index. It has given a return of 100.50% in 1 year. The previous close price of Zoo Digital Group plc’s shares was GBX 120.50 as on 23 September 2021.

essensys PLC (LON: ESYS)

Headquartered in London, essensys PLC offers a compact platform with the software and digital infrastructure required to offer next-generation flexible workspace experiences. With a market capitalisation of £186.72 million, the company is listed on the London Stock Exchange since 2019 and is also a constituent of the FTSE AIM All-Share index. It has given a return of 98.80% in 1 year. The previous close price of Zoo Digital Group plc’s shares was GBX 290.00 as on 23 September 2021.

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