2020 has been an interesting year. The outbreak of the coronavirus turned the world upside down. National lockdowns were ordered, workplaces were closed, and face masks and social distancing became the new norm.
Despite the difficulties this year, here at Breed Reply, we are proud of the resilience and continued success of our portfolio companies during these unprecedented times.
As well as vaccines, the pandemic has pushed the need for innovative technology, including up-scale IoT solutions, as companies and organisations adjust. This year has taken the world further into the digital revolution with IoT at the forefront. In fact, the latest research estimates that by 2021, the internet of things and analytics market is expected to be worth $520 billion.
Over the past 12 months, we have highlighted some of our portfolio companies’ best work – from new investments and secured funding, to product launches, new partnerships, and awards. Check out the list below to see our portfolio companies’ success during 2020.
In total, our 20 portfolio companies raised more than £50 million in new funding in 2020, from 16 investment rounds, including:
The portfolio companies continued to innovate and launch new products and services, as well as form productive partnerships with companies around the world, such as:
Many of our portfolio companies have been recognised for their success in 2020.