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Silver bullet

The EU and US data transfer agreement: perhaps a shield, but no silver bullet
posted 4 hours ago

Rafi Azim-Khan is head of data privacy for Europe at Pillsbury Law. This article, co-authored by Steven Farmer, counsel at Pillsbury Law, explores what the new EU-US Privacy Shield means for tech companies both here and on the other side of the pond. The European Commission and the US Department of Commerce have now reached an accord on a…

TCN_25Nov_Awards

Apply now for the Tech City News Elevator Pitch 2016 Competition
posted on February 4, 2016

The application process for the Tech City News Elevator Pitch 2016 competition is now open! This is the sixth series of our competition to find the nation’s top tech startups. Finalists in previous Elevator Pitch series include Hassle.com, YPlan and import.io, with alumni raising over $60m in the past two years alone. Throughout the rounds of the Elevator Pitch, participants will learn how…

Cannes

Unilever opens application process for Foundry 50 programme
posted on February 4, 2016

Tech startups can now apply for their chance to pitch to industry leaders at the Lions Innovation conference in Cannes, due to take place in June. As part of the Unilever Foundry 50, successful startups will be given access to networking opportunities and will get the chance to showcase their technology at the Lions Innovation…

money

British startup Revolut closes $4.8m Seed round
posted on February 4, 2016

British startup Revolut has closed a $4.8m Seed round. Balderton Capital, Point Nine, Seedcamp, Venrex, Index Ventures and various angel investors participated in the round. The newly secured funds, a statement said, will be used to help Revolut expand across Europe as well as to continue developing its product. Nikolay Storonsky, CEO and founder of…

Admedo

Advertising platform Admedo closes $6m Series B round led by MMC Ventures
posted on February 4, 2016

Programmatic advertising platform Admedo has closed a $6m Series B funding round led by MMC Ventures. The round, which also drew support from existing investors Sussex Place Ventures, will be used to aid Admedo’s international expansion plans. Founded in 2013, London-based Admedo already has offices in New York, Los Angeles, Berlin and Paris and will…

world map

TechHub and Google for Entrepreneurs expand to India, Latvia and Romania
posted on February 4, 2016

TechHub and Google for Entrepreneurs have announced a global partnership and their expansion to India, Latvia and Romania. The expansion will give TechHub members in Bangalore, Riga and Bucharest access to programmes, assistance and mentoring from Google. Elizabeth Varley, TechHub’s global co-founder and CEO, said: “TechHub continuously works to improve the way we support entrepreneurs through…

Farmdrop

Farmdrop closes £3m funding round led by Skype co-founder
posted on February 3, 2016

Farmdrop has closed a £3m funding round led by Atomico, the investment company founded by Skype co-founder Niklas Zennström. The London-based business, set up by ex-Morgan Stanley stockbroker Ben Pugh to bridge the gap between buyers and producers, was launched in 2014 following a £750,000 investment on crowd-funding platform CrowdCube. Ben Pugh, founder of Farmdrop, commented…

crowded football stadium

Albion Ventures and Sky participate in InCrowd Sports’ £1.65m round
posted on February 3, 2016

Mobile fan engagement and sports marketing company InCrowd Sports has closed a £1.65m funding round led by Albion Ventures. The round also drew support from Sky and a number of undisclosed angel investors. Ed Lascelles, partner at Albion Ventures, said: “We are delighted to be working with Aidan again after our successful time together with Opta….

Microsoft

Microsoft acquires London AI startup SwiftKey
posted on February 3, 2016

London-based artificial intelligence startup SwiftKey has been acquired by tech giant Microsoft. Founded eight years ago by friends and co-founders Jon Reynolds and Ben Medlock, the startup — which has raised over £20m in venture capital — produces keyboard apps for iOS and Android devices. SwiftKey confirmed the news in a blog post: “We’re excited to announce…

data

UK tech industry reacts to new ‘Safe Harbour’ deal
posted on February 2, 2016

The UK tech industry has reacted to the European Commission’s and United States’ new ‘Safe Harbour’ agreement. Approved by the College of Commissioners, the EU-US Privacy Shield will seek to protect the fundamental rights of Europeans where their data is transferred to the United States as well as trying to establish legal certainty for business….

city hall skyline

London Mayor Boris Johnson launches scheme to aid overseas expansion of UK tech companies
posted on February 2, 2016

Taxi app Gett, Index Ventures-backed urban cycling company Blaze and tech startup Technology Will Save Us are among the fifty companies joining the inaugural cohort of the Mayor’s International Business Programme. Launched today, the initiative will aim to help the capital’s high growth firms expand overseas and will include companies from the technology, life sciences…

brighton

Brighton SaaS provider Intelligent Positioning lands £2.5m in funding
posted on February 2, 2016

Intelligent Positioning, a SaaS provider from Brighton has raised £2.5m in funding from existing investor Mercia Technologies Plc. The Series A round, which brings the company’s cumulative funding to date to £2.75m, will be used to develop Pi Datametrics — its SEO platform — and to expand overseas. Dr Mark Payton, CEO of Mercia Technologies,…

Editor's picks

Silver bullet

The EU and US data transfer agreement: perhaps a shield, but no silver bullet
posted 4 hours ago

Question

5 questions to ask before selecting a startup assistance programme
posted on February 6, 2016

4H5A6171

Over $20m UK investments, Microsoft acquires Swiftkey, new Safe Harbour deal & more in your week in tech
posted on February 5, 2016

TCN_25Nov_Awards

Apply now for the Tech City News Elevator Pitch 2016 Competition
posted on February 4, 2016

Cannes

Unilever opens application process for Foundry 50 programme
posted on February 4, 2016

money

British startup Revolut closes $4.8m Seed round
posted on February 4, 2016