Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

InMyBag lands £300,000 from investors including onefinestay co-founder

Need to Know

What tech giants Siemens and Apple have planned for post-Brexit Britain

Investments

London-based Vantage Power closes £2.5m pre-Series A

Press Releases

Doctor Care Anywhere selected to join the Mayor of London’s International Business trade mission
Doctor Care Anywhere partners with Aetna International to make its virtual doctor service available 24 hours a day to international patients
Starling Bank unveils beta as it begins roll out to first customers

SEP’s £260m fund for UK tech, Trump’s US election victory & 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 Arkivum’s £3m Series C round, a £260m fund for high-growth tech companies, Donald Trump’s victory and an app that rewards you for exercising.

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

Investments

In investment news, data preservation and archiving solution firm Arkivum announced the closure of a £3m Series C round. Existing investors IP Group plc, Oxford Capital and Parkwalk Advisors participated in the round.

UK ranks second for tech exits in 2016, Airbnb responds to Trump’s Muslim ban & more in the Week in Tech

Loot, a banking and money management app, raised £2.5m from investors including SpeedInvest, an Austrian early-stage fund. The London-based startup, which was founded in 2014, also received funding from Global Founders Capital.

Electric Jukebox closed a £1.5m Series A round, bringing the total raised to date to £7m. The startup drew support from a long list of investors including David Munns CBE, a former worldwide vice-chairman of EMI.

Scottish Equity Partners announced the launch of a £260m fund to invest in high-growth tech companies in the UK. It’s looking for firms operating in the e-commerce, Software-as-a-service, healthcare and energy sectors.

Best of British

Cybersecurity firm ITC Secure Networking was acquired by tech investment firm C5 Capital Limited for £24m. The London-based firm was established in 1995, and is expected to keep its entire management team following the deal.

It’s not been such a great week for taxi app Karhoo. The cab comparison service shut up shop having tried, but failed, to compete with Uber.

The firm reportedly raised $250m in funding in 2015 plus an undisclosed Series A round in January, but said in a statement it ceased operations due to being in a ‘dire’ financial situation.

International story

In international news, it would be hard to ignore Wednesday’s US election result. Shortly after Trump’s victory, it was reported that Canada’s immigration website crashed due to increased traffic.

Coincidence? I’ll let you decide…

Manchester documentary

This week we also launched our documentary on the Manchester tech scene. We spoke to startups based in the city, plus some of those working to encourage growth in the local tech sector.

Visit our video page now to check it out.

Download

Our download of the week is Earthmiles. The app rewards users for their physical activity, in the way that air miles reward passengers for flying.

The app, which detects your movement every time you walk, run or cycle, calculates your earthmiles, and these can be spent on rewards from a range of health and fitness brands.

And finally…

And finally, if you’re not a fan of ironing, London company ihateironing has just the gadget for you.

It’s a “laundry on demand” button which, when pressed, sends a driver to your home in the next hour to collect your laundry. The firm will return your washed and ironed clothes back to you within 24 hours.

That’s it for this episode of The Week in Tech. To keep up to date with the latest technology news, follow us on Twitter.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

InMyBag

InMyBag lands £300,000 from investors including onefinestay co-founder
posted 11 hours ago

Brexit

What tech giants Siemens and Apple have planned for post-Brexit Britain
posted 14 hours ago

161014 Vantage Power: Reading Buses, Live trial.

London-based Vantage Power closes £2.5m pre-Series A
posted 15 hours ago

Scotland

Edinburgh-based Reactec closes £700,000 round led by Archangels
posted 17 hours ago

Edinburgh

Edinburgh’s tech accelerator Seed Haus launches £300,000 investment fund
posted 21 hours ago

Bristol - South West of England

Top tech hubs in the South West of England
posted on March 27, 2017