2021-09-19
The greatest sign of success for Shoreditch's ‘Silicon Roundabout’ is that it's no longer needed. The question now is, what's the path to ‘Silicon Britain’? Great piece on the history and legacy of the Shoreditch tech hub via @oscwilliams: https://www.newstatesman.com/ ...
New Statesman
A look at how the withdrawal of Google and others from London's decade-old Silicon Roundabout may be proof the UK's startup scene has expanded and matured
Nearly a decade after David Cameron launched Tech City, Shoreditch has been dramatically transformed. But what is the initiative's legacy? Tweets: @oscwilliams , @christianhern , ...
2021-07-22
Huge congratulations to all @Sketchfab as they join Epic in a 9-figure M&A deal. One of the pleasures of working in venture is partnering with people truly passionate about their industry. That was evident from our first meeting with @albn (1/n) https://www.epicgames.com/...
TechCrunch
Epic Games acquires Sketchfab, which operates a repository with 4M+ 3D assets, for an undisclosed sum; Sketchfab reduces its store commission from 30% to 12%
2021-06-02
Thrilled to share that @depop will be joining @etsy in a deal worth $1.625B, one of the largest of its kind. We backed Depop from seed to exit & it's been a pleasure to work with @MRaga_Depop and her team, what they've built is exceptional...a short 🧵 https://www.ft.com/...
New York Times
Etsy says it is buying the London-based fashion resale app Depop, popular with Gen Z, for $1.6B in an all-cash deal
The acquisition is the latest to underscore the skyrocketing popularity of secondhand fashion platforms amid the pandemic. — Depop, the fashion resale marketplace beloved …
2021-03-10
In just a couple of years Zego have made insurance more accessible and affordable for millions. Huge outcome for the team and @robmoff who has been behind them since Series A. An another example of the strength and depth of UK fintech. https://twitter.com/...
TechCrunch
Zego, an insurance provider for gig economy workers that uses telematics-based driver behavior data for pricing, raises $150M Series C at a $1.1B valuation
2020-11-23
Home energy consumption accounts for c.20% of green house gas emissions in the West & c.11% of disposable income. Today we're announcing our investment in @tibbercom who give users a new way to understand and manage their energy... thread: https://techcrunch.com/...
TechCrunch
Tibber, which uses AI to predict energy consumption of a house and switch to the cheapest electricity supplier, raises $65M Series B
Mike Butcher / TechCrunch :
2020-07-31
If the UK competition authorities are willing to spend 6 months on investment into Deliveroo, then surely who owns the most important chip designer in the UK must be subject to similar review. Sushi delivery is important, but not quite as critical. https://www.ft.com/...
Financial Times
Sources: Nvidia in talks to buy Arm in a cash-and-stock deal that would value it at more than the $32B SoftBank paid to buy the UK chip designer in 2016
US chipmaker seeks cash-and-stock purchase of UK chip designer from its Japanese owner — US chip company Nvidia is in talks to buy …
2020-04-09
According to @pitchbook there's >£10B of dry powder in UK VC funds right now, more than ever. As @robinklein argues, we can't let taxpayers take on all this risk, at the least the Govt should request matched financing. https://twitter.com/...
Sifted
UK startups have received ample government support already and while COVID-19-related relief might be tempting, the money could be better spent elsewhere
The UK government shouldn't set up a bailout fund for startups. That's their investors' job. — NEWS | COMMUNITIES | 9 Apr
UK has one of the strongest ecosystems in the world for start-ups already, more matched capital or increasing the BBB, with a directive to act faster, would be impactful. £5B of tax-payers money that could end up returning £0 could be a millstone for the sector for years.
Sifted
UK startups have received ample government support already and while COVID-19-related relief might be tempting, the money could be better spent elsewhere
The UK government shouldn't set up a bailout fund for startups. That's their investors' job. — NEWS | COMMUNITIES | 9 Apr
2020-02-25
In < 5 years the team @RevolutApp have built a service that serves 10M+ users, saves them £100Ms+ in fx fees & makes finance radically more accessible. It's the fastest growing co in UK tech, and they are just getting started. Congrats team @RevolutApp: https://www.ft.com/...
CNBC
Revolut, a UK-based digital bank and payments company, raises $500M led by TCV at a $5.5B valuation, up 3x from April 2018, bringing its total raised to $836M
- Revolut has raised $500 million in a funding round led by TCV, an early investor in Facebook and Netflix.