Impact X, set up to support businesses run by or for minorities and women, is on its way to raising £100mBola Adegbulu’s idea came to him by accident – literally. Narrowly avoiding a car crash inspired the Londoner’s idea for smart navigation software …
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Neumann has escaped the WeWork debacle. But Softbank may not
The tech fund is in a high-risk business and has enjoyed many successes. But its very credibility is now at stakeThe best laugh in the WeWork farce – better even than the loss-making property company’s claim to be “elevating the world’s consciousness” …
Read moreHow successful was Britain’s plan for its own Silicon Valley? | Torsten Bell
Policymakers might learn from London’s Silicon Roundabout experienceEvery city wants a cluster, a concentration of high-productivity firms and workers beavering away in a particular industry in a particular place. Proximity means ideas and productivity…
Read moreSweden’s Klarna becomes biggest fintech firm in Europe
‘Shop now, pay later’ payments operator valued at $5.5bn after fresh round of investor fundingKlarna, the Swedish payments company with a “shop now, pay later” model, has become the largest private fintech firm in Europe after a fresh round of investor…
Read moreMore than a third of Europe’s fastest-growing tech firms are in UK – study
Government research suggests British tech ‘unicorns’ are only surpassed by US and ChinaBritain is creating more technology companies worth at least $1bn (£786m) than any other company in Europe, according to government research.It found that UK-based e…
Read moreMore than a third of Europe’s fastest-growing tech firms are in UK – study
Government research suggests British tech ‘unicorns’ are only surpassed by US and ChinaBritain is creating more technology companies worth at least $1bn (£786m) than any other company in Europe, according to government research.It found that UK-based e…
Read moreChancellor pledges £200m for research into medical lasers and gene technology
Philip Hammond will use spring statement to support hi-tech industry in Cambridge, Edinburgh and OxfordshirePhilip Hammond will boost public spending on genetic research and laser technology by £200m in this week’s spring statement to support some of B…
Read moreIf Silicon Valley’s unicorn bubble bursts, what legacy will it leave? | John Naughton
Many tech startups are vastly overvalued and will one day vanish, leaving nothing but the ghost of a smileA unicorn, as every schoolchild knows, is a legendary creature – a horse with a single pointed, spiralling horn projecting from its forehead. As f…
Read moreGraphics dispute plunges British gaming company into crisis
Improbable says key partner Unity blocked its SpatialOS product without warningImprobable, a UK “unicorn” that once received the largest investment ever made in a European tech startup, faces a crisis after being blocked without warning from working wi…
Read moreNine jobs George: Osborne adds new role at venture capital firm
Ex-UK chancellor and austerity architect adds job as adviser to brother’s tech fund to portfolioGeorge Osborne has added a ninth job to his already bulging portfolio, joining his brother’s Silicon Valley venture capital fund.The former chancellor and c…
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