London Brief #28: Winning London startups
Learn which London startups are the winners, and see how $1bn does not make much difference. Read more in this issue.
In the news
London startups are winning! Memrise, a mnemotechnic e-learning app from East London, has won ‘Best App’ at the 2017 Google Play Awards. Vidsy, a startup that helps to create marketing mobile videos has won Facebook’s Innovation Spotlight video category. Curve, a fintech that offers one MasterCard to rule all your cards, has won Wired Money‘s Startup Pitch. Congratulations!
Save the date for The London Lean Startup Summit — one of the most exciting London events in 2017! We’ll gather during London Tech Week on 13 & 14 June at the London Stock Exchange and Here East. Our readers can register with a Netguru discount.
Business as usual
- Softbank Vision Fund is now $101bn after Sharp has added $1bn more to the giant who just invested in Improbable.io.
- Appear Here, an online marketplace for short-term retail space, raised $12m in Series B led by Octopus Ventures
- YOPA, a real-estate startup that reduces commission on house sales, has raised £15m in Series B funding. The round was led by Daily Mail and General Trust Plc
- Vivacity Labs, a startup working on AI systems to monitor and regulate traffic in real time, has raised £1.7 grant from Innovate UK and additional funding of £1.6m from Tracsis, Downing Ventures and London Co-Investment Fund. The company will use this money to perform a city-wide roll out in Milton Keynes.
- SILK Ventures has raised a $500m fund to invest in tech companies in Europe and the US. The company offers not only money but also a connection to the Chinese market.
Number of the day
$101bn: Softbank Vision Fund makes $1bn investment look small.
London Brief is a weekly selection of essential information about startups, technology and the business scene in London. Got news? Give us a shout at email@example.com.
On behalf of the London Brief Team