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The Startup Ecosystem of Reading

Reading has 82 startups in our sample database. This represents about 1% of The United Kingdom’s startups. Reading is the 10th best startup ecosystem in The United Kingdom.

CITY RANKING

In 2024, the startup scene of Reading shows much promise after advancing in the Global Ecosystem Index by 11 spots.

National Ranking

10th
+
2
In United Kingdom

Regional Ranking

56th
+
4
In Western Europe

Global Ranking

211th
+
11
Worldwide

Ecosystem

Startup Ecosystem Overview

Startups

Reading Top Startup Industries

Software & Data icon
Software & Data
#180 worldwide

26 startups

Edtech icon
Edtech
#232 worldwide

2 startups

Fintech icon
Fintech
#249 worldwide

3 startups

Ecosystem HealthCheck

Reading Ecosystem Health Check

The health check tables allow you to look at the performance Reading has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global21182
Software & Data1803340
Edtech00.0000.0000.00
Fintech00.0000.0000.00
Healthtech00.0000.0000.00
Ecommerce & Retail00.0000.0000.00
Energy & Environment00.0000.0000.00
Foodtech00.0000.0000.00

ECOSYSTEM

Browse the startup ecosystem database of Reading

Download list
CloudFactory startup logo
Software & Data | Artificial Intelligence
Unranked
ALL.SPACE startup logo
Hardware & IoT | Hardware
Unranked
Cloud Direct startup logo
Software & Data | Cloud
Unranked
Device Authority startup logo
Software & Data | Cybersecurity
Unranked
AstronauTx startup logo
Healthtech | Biotechnology
Unranked
NewOrbit startup logo
Hardware & IoT | Hardware
Unranked
Lemongrass Consulting startup logo
Software & Data | Enterprise Technology
Unranked
AOMi startup logo
Software & Data | Enterprise Technology
Unranked
VITL startup logo
Social & Leisure | Entertainment
Unranked
Virtualstock startup logo
Software & Data | Enterprise Technology
Unranked
cinch startup logo
Edtech | Edutainment
Unranked

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Startup Ecosystem Charts

Startup Funding in Reading2017 - 2024

Startup Funding in Reading 2017 - 2024

From 2022 to 2023, startup funding in Reading has increased by 34.26%. During this period, the number of deals in Reading has increased by 8.33%. Since 2017, total startup funding in Reading exceeded US$ $610.59M.

Average Funding in 2023

$7.02M

Reading
United Kingdom
+23.94% YoY

Funding in 2023

$91.21M

Reading
United Kingdom
+34.26% YoY

Deals in 2023

13

Reading
United Kingdom
+8.33% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B06121824

Ecosystem

The Startup Ecosystem in Reading

Startups in Reading excel in Software & Data, Edtech, and and Fintech. There are some notable success stories contributing to the city’s growing Software & Data industry. One of the most promising startups in Reading in 2024 is CloudFactory, ALL.SPACE, and Cloud Direct.

Global Rank

Reading is ranked within the top 300 startup ecosystems globally.

Top Industries

Reading’s startups excel particularly in Software & Data where it ranks 180 and in Edtech, and Fintech. Find out more

Top Cities for Startups in United Kingdom - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

Access subscores for 1000 cities and 100 countries

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Quantity Score
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Quality Score
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Business Score
1st
0
3rd
0
144.375
00.00
00.00
00.00
2nd
0
72nd
-
9
9.776
00.00
00.00
00.00
3rd
0
85th
0
9.030
00.00
00.00
00.00
4th
0
99th
-
3
7.884
00.00
00.00
00.00
5th
0
119th
-
18
6.448
00.00
00.00
00.00
6th
0
121st
-
4
6.171
00.00
00.00
00.00
7th
+
1
168th
+
2
3.733
00.00
00.00
00.00
8th
-
1
172nd
-
14
3.598
00.00
00.00
00.00
9th
0
188th
+
12
2.890
00.00
00.00
00.00
10th
+
2
211th
+
11
2.292
00.00
00.00
00.00
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Download CSV file
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Startups

Notable Startups in Reading
CloudFactory startup icon
CloudFactory
ALL.SPACE startup icon
ALL.SPACE
Cloud Direct startup icon
Cloud Direct

ECOSYSTEM

Why should you join Reading's Startup Ecosystem?

Overview

Within Reading there is an increased attraction for entrepreneurs to set up their startups in industries such as Software & Data, Edtech, Fintech. These three industries represent about 38% of the startups represented on the Startup Ecosystem Map of Reading.

10th

National Rank

56th

Regional Rank

Overview

Reading is The United Kingdom's 10th best startup ecosystem and is ranked 56th in Western Europe. With a population of <0.1M people, Reading is ranked 211th in the world. The city has some notable startup success stories including CloudFactory.

ECOSYSTEM
Startup Infrastructure in Reading
With a large variety of initiatives, Reading's startup ecosystem stands out from other cities in Western Europe. Reading offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Reading's most prominent support initiatives:

BLOG

Recent Posts

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From Service-Based to Product-Based Economy – Lessons from North Macedonia

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Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]