What the Autumn Statement means for tech

Today George Osborne delivered his Autumn Statement. Gone are the days when these are just updates from the Chancellor on the latest economic figures, and this afternoon we had a statement of Budget-like proportions, with a huge number of announcements. Overall, my impression is that there is a lot of good stuff in the Autumn Statement….

Ross Bailey - colour - November 2014

Appear Here raises $7.5m from Balderton for even more popups

Retail space marketplace Appear Here has raised $7.5m from one of Europe’s biggest VCs Balderton Capital. The London-based startup puts retail landlords in touch with business owners to facilitate the rental of space. The platform currently caters for Bath, Birmingham, Edinburgh, Glasgow, Leeds, Liverpool, London, and Manchester. Old Street takeover Founded by Ross Bailey in 2012,…


Sharing Economy law must change says Government review

A government report into the Sharing Economy has made over 30 recommendations that will help the growing sector develop to its full potential. The review, announced in September by the Coalition, hoped to define the sharing economy and understand the legal, regulatory and social barriers for sharing economy businesses. Written by Debbie Wosskow of Love Home Swap,…

Creo raises $5.5m for next-gen medical equipment

Medtech startup Creo has raised $5.5m to continue the development of its innovative medical devices. The Chepstow-based company’s core product is an electrosurgical device that can be of use during complicated medical procedures. The investment comes from Finance Wales, angel investors and the Angel CoFund. European and American focus Founded in 2009, Creo has achieved regulatory approval for…


YPlan lays off staff, pivots and raises $24m

Events discovery app YPlan has raised a $24m Series B round and revealed that it is pivoting and having to lay off staff according to reports by TechCrunch. The pivot will see the London-based startup moving away from its direct sales model, where it made partnership deals to populate the plaform. It will now become…


Tech City Fellowship to throw non-graduates into UK’s tech revolution

As the battle against the UK’s digital skills gap continues, members of the tech community have announced a new fund, the Tech City Fellowship, to give young non-graduates access to vocational digital skills training. The educational fund will provide loans for 18 to 25-year-olds to take part in digital courses, including some spaces on coding bootcamp Makers…


Amazon opening Shoreditch studio to take on fashion

Just months after announcing its new London offices, Amazon has revealed it will open a fashion photography studio in the heart of Shoreditch. The online retailer has recently been ramping up its focus on the fashion sector and the new studio will help it fight for market share with companies like ASOS and Farfetch. The…


UK becomes Europe’s most entrepreneurial country

For the first time, the UK has claimed the title of Europe’s most entrepreneurial country. It jumped five places globally to reach the fourth place worldwide, according to 2015′s Global Entrepreneurship Index (GEI). The UK has steadily improved in the past few years, finishing 14th in 2012 and 9th in 2013. Now in its fifth edition, the…

PlayCanvas raises $470k for cloud-based game development

Cloud games development platform PlayCanvas has raised a $470k seed round from DC Thompson Ventures. The London-based startup has built an online games development platform that is used by developers, artists and designers to create 3D games and content.  Its 3D engine powers both games and interactive experiences. The investment closes a strong 2014 for the…

stop hidden fees

TransferWise cracks down on hidden fees with new manifesto

TransferWise has waged further war with foreign exchange providers with a new manifesto released today. The London-based startup has launched its ‘Stop Hidden Fees’ campaign which calls on banks and brokers to provide greater transparency in the exchange of currency. YouGov research cited in the manifesto revealed that 73% of Brits say government needs to do…

Ve acquires GDM Digital to grow advertising platform

Ecommerce company Ve has announced the acquisition of advertising business GDM Digital. The deal, said to be worth $12m, will see all 42 of GDM’s staff retained and bring Ve’s total staff to over 500. Ve’s platform helps ecommerce businesses acquire and convert customers more effectively. GDM will now offer its clients the VePlatform on…

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UK creates a unicorn, Sky blocks porn and more in your Week in Tech

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Loci is the smarter way to make plans – Download of the Week

Dennis Jones-Judo (1)

Judo grabs £6m and picks up KFC as client


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Internet of Things

UCL students to tackle Internet of Things with new ARM education kit