The Hurun Research Institute has released its annual Under30s and Under35s lists of young British entrepreneurial talent.

Some 79 entrepreneurs feature on the Hurun UK Under 30s list, while 109 feature on the Under 35s list.

They feature well-known billionaires such as Gymshark’s Ben Francis and Johnny Boufarhat of Hopin, the video conferencing service that thrived during the pandemic but has since sold off its core business units to a California tech giant.

Also featuring are lesser-known entrepreneurs who have quickly built businesses worth at least $10 million.

Twenty-two of the business leaders have created unicorns – ventures worth at least $1bn. Boufarhat created the most valuable company of the U30s – his video conferencing operation was valued at $5.7bn by its final funding round.

Two fellow unicorn founders among the Under 30s are Christian Owens and Harrison Rose, who set up online payments provider Paddle.

The most valuable company created by the U35 cohort is Blockchain. Peter Smith co-founded the cryptocurrency wallet service and fundraising has valued the operation at £4bn. 

Three FinTech pioneers behind Lendable – Martin Kissinger, Victoria van Lennep and Jakob Schwarz – also appear in the Under 35 list. The credit provider was valued at £3.5bn by a similar fundraising.

Herman Narula, Peter Lipka and Robert Whitehead teamed up to launch Improbable – a developer of virtual worlds valued at $3b – and appear on the Under 35 list. Other unicorns with founders who feature in Hurun’s research include Beamery, Marshmallow, Tractable and Wayve.

This year’s new entries include Susie Ma, the Shanghai-born entrepreneur behind Tropic Skincare. A former contestant on The Apprentice, Ma secured investment from Lord Alan Sugar after appearing in the reality TV show and her London cosmetics brand has grown turnover to £64.8m.

The 2024 debutants also include Phil and Tom Beahon, founders of sports clothing label Castore. A recent fundraising recently valued the brothers’ Manchester-based business at £750m. Tennis star Sir Andy Murray is one of the investors backing the group.

Barney Hussey-Yeo is one of 15 entrepreneurs from the FinTech sector. His app-based service Cleo, star of our sister publication BusinessCloud’s FinTech 50 ranking last year, helps users keep tabs on their spending habits. A fundraising last year valued the venture at $500m.

Cleo – The AI assistant dedicated to personal finance

“Our research shows Britain’s entrepreneurial spirit is alive and well,” said Rupert Hoogewerf, Hurun’s report chairman and chief researcher. 

“Many of these young business leaders have managed to quickly build successful companies despite a difficult geo-political environment, persistent inflation, and the many other headwinds our economies have experienced in recent years.

“We believe each of our Under30s have quickly built businesses worth $10m. The enterprises created by our more experienced Under35s group are each worth around $50m. 

“Some are worth a hundred times that. In time we expect many of our young Under30s to graduate to the more senior list as their ventures take flight.”

Forty women appear in this year’s lists. Twins Joyce and Raissa de Haas launched Double Dutch Drinks in 2015. Their mixers are now stocked in more than 5,000 places and are exported to over 20 countries.

There is also a strong showing for young business leaders from ethnic minority backgrounds, reflecting Britain’s diverse entrepreneurial landscape. In just five years of trading Vishal Karia has grown annual sales at his wholesaler Affinity Fragrances to more than £100m.

Record year for Mercia as annual investments reach £281m

Hoogewerf added: “Hurun’s analysis shows that while there is extensive home-grown talent across the UK, Britain is also a magnet for entrepreneurs from around the world. 

“World-class universities attract some of the very brightest people to this country and after completing their studies these graduates often decide to launch their businesses here.”

“By analysing the backgrounds of our Under 30s and Under 35s we’ve been able to learn about how many of these co-founders met one another. There were some who met at school and others who got to know each other while working together at an investment bank or in another graduate job. But we can also see that universities are playing a crucial role in bringing like-minded people with a passion for enterprise together.”

The universities of Cambridge and Oxford each had 12 representatives. There were also strong showings for three universities in London. Imperial College London, University College London and King’s College London had 10, 8 and 6 of their graduates in this year’s research. Five of the founders attended Bristol and there were four each from Durham, Edinburgh, the London School of Economics, Loughborough, Nottingham, Southampton and Warwick. However, 23 of the entrants did not attend university.

Most (116) of the entrepreneurs featured in this year’s Hurun UK U30 and U35s have based their ventures in London. There are 19 in the South East, 17 in the Midlands and 13 in the North West.

Manchester-based Alex Solomou has turned LADBible from a small Facebook group into a publishing platform with revenues of around £63m. He floated the media group on the stock market two years ago with a value of £360m and the shares have climbed strongly over the past year.

Solomou was one of eight of this year’s Hurun UK Under 30s and Under 35s to have based their businesses in Manchester, making the city the second most popular choice after London. Bristol and Birmingham each have four entrepreneurs who appear in this year’s lists. Edinburgh, Maidstone, Nottingham, Plymouth and Solihull each have three.

To appear in the Hurun UK Under30s list a person needed to have either founded or co-founded a company judged to be worth around $10m. Inclusion in the Under35s list required entrants to have built a business worth around $50m.

The Hurun UK Under30s and Hurun UK Under35s are part of a family of over 1,600 young entrepreneurs from 5 countries, the others being China, India, US and Canada.

Hurun UK Under 30s 2023

Ankush JainAaro CapitalBlockchainLondon
Molly AllingtonAlbothermClimateTechBristol
Sian FussellAlbothermClimateTechBristol
Shun PangAnimaHealth TechLondon
Cyril LutterodtBlack SeedInvestmentsLondon
Patrick ReichBonnetClean EnergyLondon
Eliot MakabuBonnetClean EnergyLondon
Benjamin ShalomBoxxerMediaRadlett
Phil BeahonCastoreFitnessManchester
Ahana BanerjeeClearSocial MediaLondon
Dalraj NijjarConcrete4ChangeConstructionNottingham
Daniel HardmanCoreBlueSaaSPlymouth
Lewis Boyles-WhiteCoreBlueSaaSPlymouth
Alberto ZandiEmerald Hospitality GroupFood & BeveragesLondon
Arian ZandiEmerald Hospitality GroupFood & BeveragesLondon
Jack BullimoreEvolveYouFitnessLondon
Alec KwayeFelfri DiamondsOnline RetailLondon
Izzy ObengFoundervineEnterprise ServicesLondon
Joe WilkinsonHeatOn-Demand DeliveryLondon
Mario MaherHeatOnline RetailLondon
Murvah IqbalHivedLogisticsLondon
Mathias KriegerHivedLogisticsLondon
Craig EverettHolibobEnterprise ServicesLondon
Angus HardyHolibobEnterprise ServicesLondon
Hannah ChappatteHYBRReal EstateBristol
Simon SwaliiCare24 / Muve PeopleEnterprise ServicesBirmingham
Zhang ZheningJAD MotorConsumer GoodsBirmingham
Daniel KnightKinetic GamesGamingSouthampton
Nathan MooreLive Tech GamesGamingLondon
Samuel WorsleyLive Tech GamesGamingLondon
Will DonnellyLottieHealth TechLondon
Natasha BouldingLow Carbon MaterialsReal Estate TechDurham
Scott BushLow Carbon MaterialsReal Estate TechDurham
Cristiana BanilaMitra BioApparels & AccessoriesLondon
Sally WynterMuhu / PaperRoundFood & BeveragesLondon
Amy KnightMust Have IdeasOnline RetailMaidstone
Oli BanksNorth Property GroupReal EstateLeeds
Connor WestbyNutriPawFood & BeveragesLondon
Adelina Cornelia ZottaNutriPawFood & BeveragesLondon
Aimee SmaleOld MuseApparels & AccessoriesLondon
Matthew WilsonOmnipresentSaaSLondon
Krissy CelaOne Active / EvolveYouFitnessLondon
Connor CampbellOsler DiagnosticsHealth TechOxford
Harrison RosePaddleFinTechLondon
Christian OwensPaddleFinTechLondon
Hayden BallPlayerDataFitnessEdinburgh
Roy HotrabhvanonPlayerDataFitnessEdinburgh
Nicolas SabatierPredikoSaaSLondon
Youri MoskovicPredikoSaaSLondon
Wenmiao YuQuantum DiceQuantum TechOxford
Ramy ShelbayaQuantum DiceCyber SecurityOxford
Jordan RichardsRCCO CreativeEnterprise ServicesLondon
Jess HuntRefyApparels & AccessoriesManchester
George HeatonRepresentApparels & AccessoriesBolton
Carrie RoseRise at SevenMarketingSheffield
Saurav MitraSigmaOSSaaSLondon
Ali AttarSigmaOSSaaSLondon
Mahyad GhassemibouyaghchiSigmaOSSaaSLondon
Simmy DhillonSimmerFood & BeveragesHitchin
Jhai DhillonSimmerFood & BeveragesHitchin
Josephine PhilipsSojoApparels & AccessoriesLondon
Raphael GuthSprout.AIInsureTechLondon
Lewis CampbellTarget HealthcareHealth TechGlasgow
Dmitry KazhdanTenyksArtificial IntelligenceCambridge
Botty DimanovTenyksArtificial IntelligenceCambridge
Laurence Booth-ClibbornThe MothershipNew RetailLondon
Philip KelvinTranchFinTechLondon
Zoe TrigwellTrigwell CosmeticsApparels & AccessoriesCwmbran
Ben SpringTryHackMeCyber SecurityLondon
Ashu SavaniTryHackMeCyber SecurityLondon
Georgia StewartTumeloSaaSBristol
Ruby AryikuVampBrandtechLondon
Rumbi MupinduVampEnterprise ServicesLondon
Christina OkorochaVampEnterprise ServicesLondon
Jamie GenevieveVieveConsumer GoodsGlasgow
Daniel StewartViridiCO2ClimateTechSouthampton
Ionut VislaVisla RecruitmentEnterprise ServicesLondon
Ollie BrittanWhites BeaconsfieldConsumer GoodsBeaconsfield
Louis Ray SmithX1 PropertyReal estateLiverpool

Hurun UK Under 35s 2023

Peter HabermacherAaro CapitalBlockchainLondon
Darcy LacebyAbsolute CollagenConsumer GoodsLondon
Jacob HaddadaccuRxHealth TechLondon
Laurence BargeryaccuRxHealth TechLondon
Vishal KariaAffinity FragrancesConsumer GoodsSlough
Josh GrahamAirtime RewardsFintechManchester
Jackson QuinnAU VodkaFood & BeveragesSwansea
Charlie MorganAU VodkaFood & BeveragesSwansea
Christian FaceyAudioMobGamingLondon
Wilfrid ObengAudioMobGamingLondon
Kristian EdgertonAYBL / Because of AliceApparels & AccessoriesRedditch
Reiss EdgertonAYBL / Tamroc / Because of AliceApparels & AccessoriesRedditch
Zachary WilliamsonAztec ProtocolBlockchainLondon
Joe AndrewsAztec ProtocolBlockchainLondon
Kai FellerBark.comEnterprise ServicesLondon
Sultan Murad SaidovBeameryArtificial IntelligenceLondon
Elliot Lees-BellBeyond RetailConstructionBournemouth
Sebastien CrossBeZeroClimateTechLondon
Megan RossiBio&MeFood & BeveragesLondon
Arthur KayBio-BeanClean EnergyLondon
Peter SmithBlockchainBlockchainStockport
Thomas BeahonCastoreFitnessManchester
Ben MaruthappuCeraHealth TechLondon
Ed GillettCharterSyncLogisticsMaidstone
Simon WatsonCharterSyncAerospaceMaidstone
Charlie WilsonChase New Homes / Wilson Properties LondonReal EstateWelwyn Garden City
Alex LathamChipFinTechLondon
Barney Hussey-YeoCleoFinTechLondon
Michael WiseConcrete4ChangeConstructionNottingham
Dmitry TokarevCopperFinTechLondon
Fateha BegumDare InternationalFinTechLondon
Ayman RahmanDare InternationalFinTechLondon
Dominic FalcaoDeep Science VenturesInvestmentsLondon
Joyce de HaasDouble Dutch DrinksFood & BeveragesLondon
Raissa de HaasDouble Dutch DrinksFood & BeveragesLondon
Alex MillsDynamo CoverInsuranceBarry
Michael Rocha-KeysEMW GlobalMediaLondon
Giuseppe MazzaEngitix TherapeuticsHealth TechLondon
Charles ArmitageFlorence HealthcareEnterprise ServicesLondon
Ben FrancisGymsharkApparels & AccessoriesSolihull
Lewis MorganGymshark / Ernest ColeApparels & AccessoriesSolihull
Alessio BruniHeroesConsumer GoodsLondon
Riccardo BruniHeroesConsumer GoodsLondon
Jack CatorHideMyAssSaaSLondon
James AsquithHoliday SwapReal Estate TechLondon
Johnny BoufarhatHopinCommunications PlatformLondon
Jianshu GaoHungryPandaFood & BeveragesLondon
Bocheng DuHungryPandaFood & BeveragesLondon
Zhiheng ZhaoHungryPandaFood & BeveragesLondon
Eric LiuHungryPandaFood & BeveragesLondon
David SwaliiCare24Enterprise ServicesBirmingham
Bobby SwaliiCare24Enterprise ServicesBirmingham
John SwaliiCare24Enterprise ServicesBirmingham
Robert WhiteheadImprobableSaaSLondon
Peter LipkaImprobableSaaSLondon
Herman NarulaImprobableSaaSLondon
Jade GouldenJaded LondonApparels & AccessoriesBorehamwood
Grant GouldenJaded LondonApparels & AccessoriesBorehamwood
Abe SimpsonKingsley DevelopmentsReal EstatePlymouth
Alex SolomouLADBibleMediaManchester
Jakob SchwarzLendableFinTechLondon
Victoria van LennepLendableFinTechLondon
Martin KissingerLendableFinTechLondon
Ahmed ShahrabaniLocum's NestEnterprise ServicesLondon
Umang GandechaLondonist DMCReal EstateLondon
Melanie MarsdenLounge UnderwearApparels & AccessoriesSolihull
Daniel MarsdenLounge UnderwearApparels & AccessoriesSolihull
Tommy MalletMallet LondonApparels & AccessoriesLondon
Evren OzkarakasliMallet LondonApparels & AccessoriesLondon
David GoateMarshmallowInsureTechLondon
Oliver Kent-BrahamMarshmallowInsureTechLondon
Alexander Kent-BrahamMarshmallowInsureTechLondon
Tanvi BhardwajMishiPayFinTechLondon
Marine TanguyMTArtEnterprise ServicesLondon
Jordan BromptonmyenergiClean EnergyStallingborough
Husayn KassaiOnfidoArtificial IntelligenceLondon
Alex FrolovPaltaHealth TechLondon
Jesse ShemenPapercupArtificial IntelligenceLondon
Firmin ZocchettoPayfitSaaSLondon
Pei-Hao SuPolyAIArtificial IntelligenceLondon
Nikola MrkšićPolyAIArtificial IntelligenceLondon
Joe ChaddPrestige Cars KentConsumer GoodsOrpington
Yaniv ToledanoQogitaSaaSLondon
Jenna MeekRefy / ShineApparels & AccessoriesManchester
Mike HeatonRepresentApparels & AccessoriesBolton
Orlagh McCloskeyRIXOApparels & AccessoriesLondon
Richard RobinsonRobin AIArtificial IntelligenceLondon
James CloughRobin AIArtificial IntelligenceLondon
Joel WattRooserFood & BeveragesEdinburgh
Eamon JubbawySequenceFinTechCanterbury
Riya GroverSequence / FeedrFinTechCanterbury
Anna LoweSmartifyMediaLondon
Harry StebbingsStride VC and 20 VCInvestmentsLondon
Alistair AdamsTelcomReal Estate TechManchester
Thom SeddonTelcomReal Estate TechManchester
Jay ParkerThe Gym KingFitnessLeeds
James WhitingThe Skinny Food CompanyFood & BeveragesNottingham
Eliot BrooksThriva / CocoonHealth TechLondon
Adrien CohenTractableInsureTechLondon
Razvan RancaTractableInsureTechLondon
Alexandre DalyacTractableInsureTechLondon
Olivia FerdiTripFood & BeveragesLondon
Susie MaTropic SkincareApparels & AccessoriesLondon
Tom CarterUltraleapSaaSBristol
Chris DonnellyVerb Brands / LottieSocial MediaLondon
Alex KendallWayveArtificial IntelligenceLondon
Amar ShahWayve / CHARM TherapeuticsArtificial IntelligenceLondon
Herman SahotaWingstop UKFood & BeveragesLondon
Tom GroganWingstop UKFood & BeveragesLondon