News
HubBox, a retail tech startup, has raised $1.6m in pre-Series A funding.
Venture capital fund KM Capital (KMC), Angel Tech Investors (ATI), Nexus Investment Ventures (NIVL) and Alan Halsall, the ex CEO of Silver Cross Prams, are among the startup’s backers.
Founded in 2015, HubBox has created proprietary technology to enable retailers to implement a local Click and Collect option through a network of 3,500 collection points.
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Redwood Technologies Group has received a £25m funding boost from Scottish Equity Partners (SEP) in exchange for a minority stake in the business.
Redwood, a provider of communications technology and cloud contact centre solutions, was founded in Berkshire in 1993 by siblings Sean and Martin Taylor.
This marks the first time Redwood has raised externally and the money will be used to expand across Asia Pacific. The firm is set to open a regional office in Tokyo in Q1.
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Sequoia Capital, the top-tier venture firm, has just closed on a $180 million new fund called Sequoia Scout III that’s focused exclusively on seed-stage opportunities.
It’s a development startup founders will be watching closely, no doubt, so we caught up yesterday with Bryan Schreier, a Sequoia partner who sits on the boards of Dropbox, Thumbtack and Qualtrics, among others, to ask how the vehicle works.
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Zalando expects to deliver a rise in sales of between 21% and 23% for its fourth quarter, despite a “challenging” October.
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Microsoft researchers have created technology that uses artificial intelligence to read a document and answer questions about it about as well as a human.
It’s a major milestone in the push to have search engines such as Bing and intelligent assistants such as Cortana interact with people and provide information in more natural ways, much like people communicate with each other.
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Goodlord, a London PropTech startup which seeks to make the property rental process easier, has appointed serial entrepreneur and investor William Reeve as its new CEO.
The news comes after TechCrunch reported last week that co-founder Richard White had stepped down from the role, following a company restructure which reportedly resulted in 40 people losing their jobs.
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what3words, a London, UK-based provider of global addressing system that allows people to find & communicate a location, received an investment from Daimler AG.
With the investment, whose amount not disclosed amount, Daimler acquired a share of around 10% in the company. In addition, Mercedes-Benz will integrate what3words’ three-word address system and make it available to its customers.
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It’s sometimes hard to believe the iPhone was launched a little over 10 years ago, paving the way for a smartphone revolution where it seems we have ported our entire lives onto mobile.
With 10 billion connected devices in the world today – expected to rise to 50 billion by 2020 – this is only going to accelerate. This is likely to change commerce more in the next five years than it has in the last 50.
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For nearly a decade, retailers and trade organizations including the NRF and the Retail Industry Leaders Association, have lobbied Congress to pass legislation to end competitive advantages that the ruling inadvertently extended to e-commerce players.
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eSafe Global Limited, a Salford, UK-based safeguarding software specialist, received a £1.95m investment.
The round was led by Maven Capital Partners. The transaction is being jointly funded by Maven’s Venture Capital Trusts and the Greater Manchester Loan Fund (GMLF), which are investing £1.6m and £350k respectively.
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