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Mobile crowdfunding aggregator OFF3R raises £480,000
posted on February 9, 2016

OFF3R, a mobile crowdfunding aggregator, has raised £480,000 from investors including New Look Founder Tom Singh, angel Daniel McPherson, Earlymarket and the head of marketing from Jumia. The London-based tech company launched in June 2015 and claims its app has had over 500,000 interactions, with two million deal alerts sent to investors in 75 countries. Lex…

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…

cars

Eight UK driverless car projects to get share of £20m government fund
posted on February 1, 2016

The UK Government is pouring a total of £20m into driverless car technology projects. According to a statement, the Government is distributing the funds across eight different projects which range from developing autonomous shuttles for visually-impaired passengers to new simulation trials for autonomous pods. The selected projects, the statement added, are the first to receive…

Madeline Para Twizoo

London’s Twizoo launches restaurant recommendation app in 12 more US cities
posted on January 26, 2016

Twizoo, a mobile app that helps users find the find the best restaurants and pubs near them, based on what people say on Twitter, is expanding to 12 cities in the US. The London-based company was founded in February 2014 and uses an algorithm that analyses Twitter data, gathering information on credibility, sentiment, “buzz” and location…

Forbes 30U30

UK dominates in Forbes 30Under30 technology category
posted on January 20, 2016

Some 14 UK-based companies featured in the Forbes 30Under30 Europe technology category, unveiled yesterday. The technology list features George Burgess, founder and CEO of Gojimo, a free revision app that uses content from educational publishers to help students prepare for exams. Ruhul Amin, Eamon Jubbawy, Husayn Kassai, co-founders of Onfido, were also listed. The Oxford…

greenwich

London to take part in €25m smart technology trial
posted on January 19, 2016

London is partnering with other cities across Europe in a €25m project which seeks to show how the use of technology can enhance the lives of residents. The Mayor of London, Boris Johnson, in collaboration with the Royal Borough of Greenwhich, has been selected to participate in the Smart Cities and Communities Lighthouse programme which…

distributed ledger

UK government publishes report on blockchain technology
posted on January 19, 2016

The true potential of distributed ledger technology can be only be realised if applications such as smart contracts are layered on top, says a new report by the UK Government’s chief scientific adviser. Titled ‘Distributed Ledger Technology: beyond blockchain,’ the report also highlights the need for government involvement in supporting the development of the emerging technology….

cambridge

Smart city solutions provider from Cambridge raises $18m
posted on January 19, 2016

Cambridge-based smart city solutions provider Telensa has closed a $18m external funding round. The round, the company’s first external funding, drew equity support from Environmental Technologies Fund and debt funding from Silicon Valley Bank. A company statement said the newly procured funds would be used to support growing demand in the smart cities market. “The smart…

London skyline

Cocoon Networks to launch £500m London-based VC fund for tech startups
posted on January 19, 2016

Chinese technology and investment group Cocoon Networks will be launching a £500m ($700m) London-based venture capital fund to invest in UK and European tech startups later this year. Backed by China Equity Group — an investor in Baidu (China’s equivalent to Google) — and Hanxin Capital — a specialist in cloud computing and bio tech…

parked car

AppyParking closes $1.5m Seed round with investment from Aviva
posted on January 18, 2016

AppyParking has just closed a $1.5m (£1.05m) Seed round, featuring investment from Aviva Ventures, the wholly owned venture capital business of Aviva. Irish parking solutions provider Premier Parking also took part in the round. The parking app allows drivers to see controlled parking zones, registered driveways, and car parks in selected cities and can direct…

Second-Home 2

Second Home raises £7.5m ahead of Lisbon expansion
posted on January 18, 2016

London co-working space Second Home has landed £7.5m ($10.7m) in funding. Established by Rohan Silva – a former advisor to the UK Prime Minister – and well-known entrepreneur Sam Aldenton, the company received support from Yuri Milner; Tencent chairman Martin Lau; and global VC firm Index Ventures. Alongside its funding announcement made at a conference…

newcastle

E-commerce startup from Newcastle raises $2m in seed funding
posted on January 18, 2016

E-commerce platform Moltin, founded by three Newcastle developers, has secured $2m in seed funding. The round was led by Dublin-based Frontline Ventures and Gil Dibner’s AngelList Syndicate, which backs top-tier tech-driven companies in Europe and Israel. Adam Sturrock, co-founder and CCO at Moltin, commented on the challenges facing startups seeking investment in both the UK…

Editor's picks

London (3)

How could London benefit from a chief data officer?
posted on February 13, 2016

reading

Reading cybersecurity company gets £3m from Swiss investment firm
posted on February 12, 2016

4H5A6236

Over $120m UK investment, Tech Nation Report, Amsterdam in the spotlight & more in your week in tech
posted on February 12, 2016

students

Property site Student.com gets $60m in funding
posted on February 11, 2016

DNA

11 steps to building the nation’s digital DNA
posted on February 11, 2016

growth

Firms in UK tech sphere ‘outpacing those in other sectors by 32%’
posted on February 11, 2016