Spitfire Audio, a developer of software tools for composers and musicians, has been selected for the ‘Future Fifty’ group which showcases and supports 50 of the UK’s “growth stage” companies.
According to Spitfire, the 50 have been picked and assessed by a panel of some of the most successful “entrepreneurs and investors in UK tech”, who believe the businesses have “the potential to scale rapidly and build significant[ly]”.
Paul Thomson, co-founder of Tileyard Studios, north London-based Spitfire, says: “I’m very excited that Spitfire will be part of the Future Fifty programme. To have developed our passion for composing and recording film scores into a reputable and profitable business is incredibly fulfilling. We join a community of companies who are all at a similar stage, where we can share the challenges and opportunities that we are all facing. We look forward to learning new skills and accelerating our growth, contributing to the digital economy of the UK, and becoming the best company we can possibly be.” Paul is pictured here (above right) with co-founder Christian Henson in AIR Studios, where the company carries out a lot of its orchestral recording.
Future Fifty purports to be a network of “the UK’s fastest growing, and most disruptive digital tech companies” with links to business opportunities, private partnerships and the UK government.
“Through Future Fifty,” states the organisation’s website, “companies get immediate access to a valuable peer network; expert-led classes and workshops designed to take their businesses to the next level; and a high level of visibility in joining the illustrious Future Fifty portfolio.”
Future Fifty reports that, of the 77 companies that have been through the programme since 2014, there have been five floatations on the LSE, 17 mergers and acquisitions, and over $3.8bn in funds raised.
Naked Wines (bought by Majestic Wines) and Photobox (sold to a private equity company in 2015) are two of the high-profile graduates of the group.
+ Meanwhile, Spitfire has just announced a library of voices produced in collaboration with London Contemporary Orchestra, a highly in-demand group of musicians involved in recent records by Radiohead, Frank Ocean and Justice, as well as the film scores for Assassin’s Creed and Alien:Covenant.