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UK tech investment trends of Q1 2017

Investments

Hibob closes $17.5m Series A, brings total raised to $25m

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London HealthTech startup Babylon raises additional $60m

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GamCrowd officially launches the first ever Gambling Tech Week as part of London Tech Week
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UK investment news, a $233m acquisition by PayPal, Nokia’s 3310 returns and more in The Week in Tech

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Welcome to the Week in Tech, your roundup of the week’s top technology news. This episode, we bring you UK investments topping $27m, the government’s new National Cyber Security Centre, news about the return of the Nokia 3310 and more.

First up: UK tech investments. Call analytics firm Iovox raised $9m in Series A funding from Octopus Ventures and SF Capital. It also secured $1m in debt financing from Silicon Valley Bank.

P2P micro-learning platform SmartUp announced the closure of a $5.5m Series A round co-led by Notion Capital and Hong Leong Group. The firm’s platform enables users to create their own content and share their knowledge.

A $550m acquisition, two new tech funds, self-tying shoelaces and more in The Week in Tech

Pleo, a London and Copenhagen-based payments startup, raised a $3.25m round led by Creandum. This brings the firm’s total Seed funding to $5.5m.

Other investment rounds this week include the £3.75m Series B by online flower seller Bloom & Wild, the £2m raised by software startup Perfect Channel and the £1m Seed by car-buying website Hellocar.

British

The government launched its National Cyber Security Centre. Based in central London, the NCSC is tasked with making the UK the safest place in the world to live and work online. It will help to protect individuals and businesses from cyber attacks.

International

Over in the States, PayPal agreed to buy bill payment management company TIO Networks for $233m. The deal will allow PayPal to gain access to customers who pay their utility bills in person at kiosks.

Download

Our Download of the Week is Revl. The events listing app helps UK consumers discover events, shows and performances. The firm raised a £2.4m Seed round back in January.

And finally

And finally, rumours are rife that the Nokia 3310 is to soon make a comeback. Venturebeat reported HMD Global Oy, the firm with exclusive rights to market phones under the Nokia brand, is planning to announce a modern version of the 3310 at Mobile World Congress later this month.

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investment roundup

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