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Iris Capital launches €250m European tech investment fund

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Monese raises $10m, a €250m fund for entrepreneurs & 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.

This week, we bring you Monese’s $10m Series A round, the New Year Honours list for 2017 and Alven Capital’s €250m venture capital fund for French entrepreneurs.

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

Iris Capital launches €250m European tech investment fund

Investment

In investment news, FinTech startup Monese closed a $10m Series A round. The firm’s app enables non-native residents to open a UK bank account.

Several members of the UK tech community have been honoured in the New Year Honours list for 2017.

Those commended include Imran Gulamhuseinwala, EY’s head of FinTech, for his commitment to financial services, and Kathryn Parsons, co-founder of digital education firm Decoded.

International

Overseas, Alven Capital announced the closure of a €250m venture capital fund.

Focusing on Seed and Series A rounds, the fund will target French entrepreneurs working in artificial intelligence, data management, software-as-a-service and security solutions.

Download

Our download of the week is Givvit. The app, which can be used by individuals or businesses, enables users to choose a treat, write a message and send it to their desired recipient.

Treats on the app include cinema tickets, coffees and snacks, and can be paid for and sent in just a few taps.

And Finally…

And finally, beauty giant L’Oréal unveiled a new gadget at the CES tech show in Las Vegas. The smart hairbrush, retailing at £160, will share data with a mobile phone app to help users improve their brushing technique. It also vibrates to warn you if you’re brushing too hard!

That’s all for this week’s episode of The Week in Tech. For more technology news, visit our homepage and follow us on Twitter.

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