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Highlights
- According to the data compiled for the UK’s digital Economy Council (DEC), the UK has received a record level of investment of £29.4 billion this year with start-ups attracting more capital than ever before.
- Though LSE is not known for its technology stocks, but there are many mid-cap and small-cap companies where investors can put in their money.
With the increasing demand of products and services within the software-as-a-service (SaaS), cybersecurity, e-commerce and artificial intelligence (AI) sector, the UK’s technology sector has flourished over the years. In the last two years despite the pandemic, there were a number of IPOs listing on the London Stock Exchange such as Deliveroo, Darktrace, Trustpilot and Wise (formerly TransferWise). Technology is a sector that attracts the investors across the world and is notably under-served sector among other listed firms. In mid and large cap areas of the UK market, there are hundreds of high potential tech companies that have delivered high returns in recent years.
According to the data compiled for the UK’s Digital Economy Council (DEC), the UK has received a record level of funds worth £29.4 billion with many start-ups attracting more capital than previous years, it accounts 33% of Europe’s total tech investment of £89.5 billion this year. This year’s investment was more than twice the investment raised of £11.5 billion in 2020 and was highest since 2014, when it rose to £3.5 billion.
Around £9 billion investments in the sector have gone towards the start-ups and scale-ups outside London and the South East and 29 UK unicorns were created this year that accounts 25% of the UK’s 115 unicorns.
Also Read: 2 FTSE tech stocks to buy amid 2021’s record tech investments
Here are the five top tech stocks of 2021 that you may consider investing in 2022.
Softcat Plc (LON: SCT)
FTSE 250 Index constituent Softcat Plc is a leading provider of IT infrastructure to corporate and public sector. It has given a return of 32.87% to its shareholders in the last one year and its year-to-date return stands at 26.20% as of 20 December 2021.
Softcat plc’s shares closed at GBX 1,734, and its market cap stood at £3,455.31 million as on 20 December 2021.
Kainos Group Plc (LON: KNOS)
FTSE 250 Index constituent Kainos Group Plc is provider of digital technology solution and workday deployments that allow organizations and people to work faster and smarter. It has given a return of 41.69% to its shareholders in the last one year and its year-to-date return stands at 45.65% as of 20 December 2021. Kainos’s shares closed at GBX 1,774, and its market cap stood at £2,192.95 million as on 20 December 2021.
Also Read: Where are Deliveroo (LON:ROO) shares heading now?
Gamma Communications Plc (LON: GAMA)
Gamma Communications is a UK-based leading provider of Unified Communications as a Service (UCaaS) and supplies communication solutions through its network of channels partners and directly, across Spanish, UK, Dutch, and German markets. It has given a return of 1.90% to its shareholders in the last one year and its year-to-date return stands at 2.13% as of 20 December 2021. Gamma’s shares closed at GBX 1,610, and its market cap stood at £1,550.60 million as on 20 December 2021.
Avast Plc (LON: AVST)
FTSE 100 constituent Avast Plc is the world’s largest cybersecurity company that specializes in cybersecurity software’s, machine learning and Artificial Intelligence-based applications. It has given a return of 14.81% to its shareholders in the last one year and its year-to-date return stands at 14.38% as of 20 December 2021. Avast’s shares closed at GBX 614.80, and its market cap stood at £6,377.66 million as on 20 December 2021.
Also Read: 2 cybersecurity stocks to buy before 2021 comes to an end
Trustpilot Group Plc (LON:TRST)
FTSE 250 constituent Trustpilot is one of the world’s most trusted consumer review websites, which has created a platform where businesses and customers can gain actionable insights and collaborate. It has given a return of 11.2% to its shareholders in the last one year and its year-to-date return stands at 11.2% as of 20 December 2021.
Trustpilot’s shares closed at GBX 294.60, and its market cap stood at £1,217.37 million as on 20 December 2021.
