Menu visibility control

Video

Events

Startup Surgery

Most Recent

Need to Know

Here’s how your tech firm can exploit the podcasting revolution

Investments

Cheshire-based mobile app SurveyMy gets £2m

The Week in Tech

A £12m series B, a £57.5m fund for Northern SMEs, a hoverbike and more in The Week in Tech

Press Releases

Software testing leader TestPlant appoints Dr. John Bates as CEO
CreditLadder appoints Proptech Expert Sheraz Dar as new CEO
Hermit: A Startup With New Ideas About Office Space

Entrepreneur First gets £40m, NHS tech upgrade, Dell’s acquisition & more in the Week in Tech

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Welcome to your Week in Tech – a roundup of the week’s top technology news.

In this episode, we bring you Entrepreneur First’s £40m Enterprise Capital Fund, a futuristic transport network and Dell’s acquisition of EMC Corporation.

Watch the video, or read on for all this and more.

A $550m acquisition, two new tech funds, self-tying shoelaces and more in The Week in Tech

Investments

In investment news, tech startup creator Entrepreneur First secured £40m to further invest in its alumni. ‘The Next Stage Fund’ will invest alongside early stage venture capital firms to help the program’s startups to scale.

London AdTech firm Ogury raised $15m in a Series B round led by Idinvest Partners. The company plans to use the funds to accelerate international expansion and invest in technology, R&D and recruitment.

Point of sale finance company Divido raised £2.5m from Mangrove Capital Partners and DN Capital. Divido enables customers to spread the cost of any purchase over a period of time while the retailer gets paid instantly.

Further investments from this week include £2m raised by data analytics company MyLife Digital, and $1m received by London-based MarTech startup Driftrock.

Best of British

The UK government has expressed an interest in Hyperloop, a transport network that would use magnetic pods to travel through a series of tubes. The superspeed technology would transport passengers close to the speed of sound at around 740mph. This futuristic network would get passengers from London to Manchester in just 18 minutes.

Also in Manchester, health secretary Jeremy Hunt visited the city to talk about the new NHS website. It should be ready by the end of the year and will enable patients to book appointments, order prescriptions and access medical advice and a list of approved HealthTech apps.

International story

Dell Technologies completed its acquisition of EMC Corporation. Dell bought EMC for $67bn, which is record price for a tech acquisition. The deal makes Dell Technologies the world’s largest privately-controlled tech company.

Download

Our download of the week is DriveNow.

The app allows users to find and reserve a nearby BMW vehicle. Fuel, tax, insurance and parking are all included in the driving rate, which starts at 29 pence per minute. Hourly packages are also available.

With no designated pick up or drop off points, the vehicles can be left in any parking space within the area for free.

And Finally…

A study has revealed Facebook makes us as happy as getting married or having children.

Conducted by Carnegie Mellon University and Facebook researchers, the study showed posts and comments make people happier, but ‘likes’ don’t have quite the same effect.

That’s it for this episode of The Week in Tech, for more technology news, check out our website and follow us on Twitter

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

podcasting revolution

Here’s how your tech firm can exploit the podcasting revolution
posted 1 hour ago

Lee Evans - SurveyMe

Cheshire-based mobile app SurveyMy gets £2m
posted 2 hours ago

TWIT - Emily 23.02.17

A £12m series B, a £57.5m fund for Northern SMEs, a hoverbike and more in The Week in Tech
posted 5 hours ago

Team_Monzo

Challenger bank Monzo announces £19.5m investment
posted 24 hours ago

hostmaker

Hostmaker raises £5m Series A from French VC firm Ventech
posted on February 23, 2017

caspar

EXCLUSIVE: AR startup Zappar lands $3.75m Series A
posted on February 23, 2017