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Nutmeg closes £30m Series C, Samsung acquires Harman International & more in the Week in Tech


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

This week we filmed from Whitespace, a co-working space based at St James Mill in Norwich.

In this episode, we bring you Nutmeg’s £30m Series C funding round, Samsung’s deal with Harman International Industries and a gaming gadget that will take you back to the 80s.

UK tech investment trends of 2016

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


In investment news, Nutmeg raised an impressive £30m Series C. Led by Convoy, the round marks the largest FinTech raise since Brexit.

Edinburgh-based FinTech firm FreeAgent floated on AIM, raising £10.7m. The flotation comes after it raised over £1.2m on Seedrs in July last year.

EdTech startup Firefly Learning closed a £4.5m Series A round led by BGF Ventures. Beringea also participated in the round.

Other investments this week include the £2m raised by Hampshire games developer nDreams, the £1.8m Seed by HealthTech firm Echo, the £1.3m Seed by AgTech startup WeFarm and GuestReady’s £600,000 Angel round.

British news

The NHS had a bit of a disaster this week, with one of its employees accidentally copying everyone on the NHS mail system into an email.

The message was sent to 840,000 staff members, and the problem was made worse when recipients kept hitting ‘reply all’ to complain about the mistake.

International story

Overseas, Samsung has agreed to buy US automotive electronics maker Harman International Industries for $8bn.

This marks the largest overseas purchase made by the South Korean tech giant, in an attempt to branch out in the area of connected car technologies.


Our download of the week is Payfriendz. With the app, users can add their friends by their username, then message them to send and request money.

You can top up your Payfriendz account with a UK debit card, and withdraw to any UK bank account.

And Finally…

And finally, forget the latest mod cons and high-tech gadgets, Nintendo is going back to basics with its Classic Mini NES console.

It comes with 30 games built-in, meaning you can relive the 80s with classics like Super Mario Bros, Donkey Kong and Pac-Man.

That’s all for this episode. Remember to subscribe for our magazine and follow us on Twitter.

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