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£9.7m to UK tech startups, e2v’s £620m acquisition & more in the Week in Tech

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

We filmed this episode from the office of Wayra, a startup accelerator programme powered by telecommunications giant Telefónica.

This week, we bring you the acquisition of Chemsford-based e2v Technologies, a £4m grant for the creation of two new tech hubs in Manchester, a $1bn clean tech fund and an app to help you track your investment portfolio.

A $40m funding round, Snapchat’s poor results, Deliveroo’s first acquisition and more in The Week in Tech

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

Investments

In investment news, Signal Media, an AI-powered news monitoring platform, raised £5.8m. The Series A round drew support from VCs including MMC Ventures, Hearst Ventures and LocalGlobe.

Newsflare received £2.4m in funding from Edge Investments. The online video marketplace enables media companies and content creators to purchase user-generated video.

HealthTech startup MedShr raised a £1.5m Seed round. The firm launched out of Founders Factory in August last year and enables medical professionals to share knowledge and expertise.

Best of British

E2v Technologies, an electronics manufacturer, is set to be acquired by Teledyne Technologies for £620m. The terms of the deal will see the Chelmsford-based firm’s shareholders receive 275p per share.

Manchester City Council has allocated £4m for the creation of two tech hubs in the city. The funding will be used to create facilities that will host and incubate tech-focused startups and SMEs, aiming to create 2,000 jobs over the next 10 years.

International story

Microsoft co-founder Bill Gates announced a $1bn clean tech investment fund this week. The fund, called ‘Breakthrough Energy Ventures’, will invest in startups seeking to create cheaper and cleaner energy.

Download

Our download of the week is Scalable Capital’s investing app.

The app enables users to access and check their portfolio valuation and returns on-the-go, in real-time.

And Finally…

And finally, your next debit card could be delivered in a slightly unorthodox way, as Starling Bank has been testing drone delivery.

The aim is to provide the most efficient and environmentally friendly means of providing new customers with their cards.

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

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Editor's picks

smart home

InsurTech startup Neos lands £5m in Series A round
posted 4 hours ago

Bath-based wedding planning app Prezola raises £3m
posted 5 hours ago

ThingTrax

EXCLUSIVE: IoT startup ThingTrax gets over £250,000 in Seed funding
posted 8 hours ago

Amber Rudd

UK govt reportedly planning to ban encryption following Manchester attack
posted on May 24, 2017

SPCE

PropTech startup SPCE raises £280,210 on crowdfunding platform Seedrs
posted on May 24, 2017

regulation

RegTech startup Regnosys gets $900,000
posted on May 24, 2017