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Limejump closes £3m Series A to disrupt the energy utility market

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Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market

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Tribunal fees ruled unlawful: How will this impact gig economy firms?

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GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

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Emily TWIT 17th Feb

UK investment news, a $233m acquisition by PayPal, Nokia’s 3310 returns and more in The Week in Tech
posted on February 17, 2017

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.

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London tech firm Blis closes $25m funding round
posted on April 12, 2016

London-based data technology firm Blis has raised $25m in Series B funding from Endeit Capital, Beringea US and Unilever Ventures, alongside additional credit facilities provided by Silicon Valley Bank. The company says it will use the new funds to continue expanding into new markets, including the US, and the scaling of international sales and marketing. Greg…

Startup

Silicon Valley Bank report: 59% of UK startups are aiming for acquisition
posted on March 10, 2016

Some 59% of UK startups say that an acquisition is their long-term goal, while 17% note that their aspiration is to successfully complete an IPO. According to Silicon Valley Bank’s Outlook report – which surveyed tech and health businesses –  80% of those surveyed believe that the current fundraising environment is somewhat or extremely challenging. Released…

London (2)

London FinTech startup WorldRemit lands $45m in funding
posted on February 10, 2016

London-based money transfer service WorldRemit has landed $45m in new funding from TriplePoint Venture Growth BDC Corp and Silicon Valley Bank. The money, a company statement said, will be used to support the startup’s growth. Having raised $192.7m in funding to date, WorldRemit allows people to send money straight from their smartphone, as opposed to…

london tech

Tech City UK names 30 tech companies joining its Upscale scheme
posted on January 28, 2016

Tech City UK has announced the inaugural list of 30 digital companies joining its new Upscale programme. As part of the scheme, participants will get advice from coaches, who have a proven track record of developing successful tech companies across the globe. The coaches will include Skype founder Niklas Zennström, Techstars co-founder Brad Feld, and Unruly…

money

Bristol-based retail management platform Brightpearl raises $11m
posted on January 19, 2016

Bristol multichannel retail management platform Brightpearl has closed a $11m Series C funding round. Eden Ventures, MMC Ventures, Notion Capital, Silicon Valley Bank and Columbia Lake Partners participated in the round, bringing the company’s cumulative funding to date to $30.5m. The company says it will use its newly procured funds to speed the growth of its…

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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…

Silicon Valley Bank backs Momondo Group with £10m credit line
posted on September 7, 2015

Travel tech company Momondo Group has secured a £10m credit line from Silicon Valley Bank. The company behind comparison site Cheapflights says it will use the facility to help it pursue global expansion and facilitate product development. Momondo is already present in more than 30 countries and operates in more than 20 languages. “This financing strengthens…

Oxford BioTherapeutics secures $10m from Silicon Valley Bank
posted on July 30, 2015

Oxford BioTherapeutics has secured a $10m capital term loan from Silicon Valley Bank to accelerate the expansion of its research and development efforts. OBT is an international clinical stage biotechnology company focused on developing innovative antibody based therapeutics, including antibody-drug conjugates, to treat cancer and other diseases. OBT uses the optimal combination of technologies in…

notonthehighstreet.com secures £6m loan from Silicon Valley Bank
posted on May 26, 2015

notonthehighstreet.com, the UK’s largest curated online marketplace, has secured a £6m term loan from Silicon Valley Bank as it looks to grow the business. notonthehighstreet.com brings together over 5,000 of the UK’s best small creative businesses offering over 170,000 original, inspirational lifestyle products, many of which are bespoke and made to order. Investors backing the…

Innovators call on winner of #GE2015 to reform the tax system
posted on April 15, 2015

Following the launch of all of the UK-wide parties’ election manifestos over the past few days, the Silicon Valley Bank has released some exclusive data from its sixth annual Innovation Economy Outlook detailing the top priorities for entrepreneurs when the new government is formed. The company interviewed 124 tech sector leaders, ranging from those working…

Silicon Valley Bank: raising capital is a continued challenge for innovators
posted on March 24, 2015

Raising capital is a continued challenge for those working in the tech sector, Silicon Valley Bank’s sixth annual Innovation Economy Outlook study has found. “Whilst more than half of UK respondents were able to raise private capital in 2014, the majority say that it is a challenge – this is a sign that quality control…

Editor's picks

Limejump

Limejump closes £3m Series A to disrupt the energy utility market
posted 8 hours ago

startup empty office

Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market
posted 10 hours ago

supreme court

Tribunal fees ruled unlawful: How will this impact gig economy firms?
posted 11 hours ago

urban massage

VIDEO: Urban Massage’s founder on the challenges and joys of growing a tech startup
posted 14 hours ago

London FinTech

UK ‘ranks third for global FinTech VC funding as firms raise $564m in H1 2017’
posted 15 hours ago

Cleo

FinTech startup Cleo gets £2m in round led by LocalGlobe
posted 17 hours ago