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PM Theresa May to reveal Industrial Strategy Challenge Fund to support UK tech

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Starling Bank first of digital challengers to join Faster Payments as direct partner
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Marvel raises £4m, Microsoft’s acquisition of LinkedIn is approved & more in the Week in Tech


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

In this episode, we bring you Marvel’s £4m Series A round, Host Europe Groups’s acquisition by GoDaddy, the approval of Microsoft’s acquisition of LinkedIn and an app to help self-employed traders keep on top of their finances.

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

QinetiQ’s £57.5m acquisition, Careem raises $350m & more in the Week in Tech


Marvel, a prototyping and collaboration platform, raised £4m in Series A funding. Led by BGF Ventures, the round also drew support from Index Ventures, Connect Ventures and Inreach Ventures.

Bink, a loyalty card app, closed a £2m Angel Seed round. This brings the Ascot-based firm’s total raised to over £10m.

Abaka, an AI savings platform, closed a £520,000 Seed round. The London-based company aims to help employees make more intelligent decisions about their savings, improving financial wellbeing in the workforce.

Best of British

Host Europe Group, a Middlesex-based web hosting firm, announced its acquisition by GoDaddy for €1.69bn.

The deal, which is subject to regulatory approval, marks GoDaddy’s 15th acquisition to date.

International story

On the topic of acquisitions, Microsoft’s $26.2bn acquisition of LinkedIn has been approved.

The EU commission granted its approval on the basis Microsoft allows competitor professional network sites to integrate its Office applications and cloud computing services for the next five years.


Our download of the week is 1Tap Receipts. The free app enables self-employed traders to keep on top of their expenses.

Just take a photo of your receipt or invoice and watch as the app extracts the data from it. It will then pre-fill your self-assessment form with the information.

And finally…

And finally, imagine a world without long queues in the supermarket.

Amazon is making that a reality with Amazon Go, a ‘Just Walk Out’ technology shopping experience.

Simply use the app to enter the shop, take the products you want, and leave. The app calculates what you’ve taken and deducts the cost from your account.

That’s it for this week’s episode, for more technology news, visit our homepage and follow us on Twitter.

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