>> $27M raised in the past 12 months – 50% of total raised to-date
>> 80% of Wayra businesses currently receiving third-party funding and Wayra start-ups raising, on average, $2M each month
Since its launch in 2012, Wayra UK
& Wayra UnLtd start-ups have raised over $54M in third-party investment, with half of that total raised over the past 12 months. 80% of Wayra businesses are now actively raising third-party investment, with the cohort averaging $2M each month.
Between $15-20M of potential investment in Wayra start-ups remains in the immediate pipeline. Wayra start-ups have also experienced strong organic growth, with over $5m in contracted revenues coming from Telefónica.
Wayra UK start-ups, including Yoyo and Qudini have recently closed multi-million dollar rounds, however, Wayra’s commercial ventures are not the only ones performing well financially.
Wayra UnLtd, the ground-breaking start-up accelerator for social businesses, which launched in 2013, has contributed $12M to that total and recently topped the UK’s Social Incubator Fund for third-party investment raised.
This investment activity has positioned Wayra, that belongs to Telefónica’s global entrepreneurship and innovation network, open to partners and Open Future_
, as the ‘second most active accelerator’ in Europe, according to a recent report by Fundacity.
Gary Stewart, Director of Wayra UK & Wayra UnLtd said: “This milestone proves that corporates can accelerate start-ups. Our current and previous cohorts are receiving significant investment, with 90% of our businesses still active and scaling fast, either directly or indirectly through Telefónica.