An app created by Seventeen-year-old Nick D’Aloisio who took time off school to develop the Summly smartphone app has been acquired by web giant Yahoo in a deal understood to be worth just under £18 million pounds.
Category: Get Funded
Key Capital Partners takes stake in EarthStream
Key Capital Partners has confirmed that it has invested £2 million for a minority stake inspecialist recruitment firm EarthStream, which supplies specialist staff to the global energy & resources sectors.
Wayra & Enternships to provide 130 roles in start-ups
Wayra, Telefónica’s global start-up accelerator, has announced it is partnering with Enternships to give 130 young people paid internships in its Wayra Academies.
Budget 2013: Seed Enterprise Investment Scheme (SEIS) changes a boost to investors
Chancellor George Osborne announced an extension to reinvestment relief in relation to SEIS with business angels and inestors set to benefit from capital gains relief extension and removal of ‘awkward’ clause in the 2013 Budget
Budget 2013: Chancellor axes stamp duty on AIM shares
Chancellor of the Exchequer George Osborne has said he will abolish the 0.5 per cent stamp duty reserve tax (SDRT) on shares in AIM and ISDX quoted companies from April 2014.
Boris Johnson officially opens Europe’s Largest ‘FinTech’ Accelerator Space at Canary Wharf
Level39, Europe’s largest accelerator space for financial, retail and future city technologies, has officially opened at One Canada Square, Canary Wharf in London’s Docklands.
London Business Angels investment helps Sphere Fluidics close £1.6m early stage funding round
Early stage, Cambridge based, life science company, Sphere Fluidics, has closed a £1.6m funding round which included a £133,000 investment by a syndicate of London Business Angels and its EIS Approved Roundtable Syndicate Fund 2012.
Venturefest Oxford 2013: nothing ventured, nothing gained
Science entrepreneur and Formula E team owner, Lord Drayson, heads the line-up of luminaries at Oxfordshire’s leading business creation event
Doug Richard’s School For Startups teams up with Lloyds with business Launcher Programme
School for Startups and Lloyds Banking Group have today announced a partnership that will see the bank provide coaching and support for young entrepreneurs enrolled on School for Startups’ Launcher programme, the unique new business startup finance programme for entrepreneurs.
Boris Johnson launches £20,000 prize to find green entrepreneurs
London Mayor Boris Johnson is challenging the capital’s students to come up with new and innovative ideas to cut carbon emissions and boost London’s green credentials.
Launch of TechStars London Offers Big Break for UK Start-Ups & Investors
TechStars, one of the world’s most successful accelerators, is to launch a programme in London, its first outside the US, the entrepreneurs behind the venture fund announced today.
London Business Angels SEIS Syndicate Funds investment in Sustainable Marine Energy
A tidal energy platform specialist, Sustainable Marine Energy (SME), working closely with Cranfield University, has completed a £150k SEIS eligible funding round which was corner-stoned by a £133k investment by a London Business Angels (LBA) syndicate, including a £40k investment by the LBA SEIS Roundtable Syndicate Fund 2012.
Online recruiter Hiring-Hub.com secures over £500k investment
Manchester-based online recruitment technology company Hiring-Hub.com has secured a “significant investment of over £500k” from John Laithwaite Partners LLP, placing a seven-figure valuation on the business.
NewVoiceMedia secures $20m Series B funding to fuel international expansion
NewVoiceMedia, the provider of Cloud contact centre services, has announced that it has secured $20m funding from new investors Highland Capital Partners Europe and MMC Ventures, as well as existing shareholders Notion Capital and Eden Ventures.
EIS: tips for investors and start-ups
The Enterprise Investment Scheme (EIS), which incentivises angel investment with a raft of tax reliefs, helps start-ups raise cash where traditional sources of finance have been wanting.
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