Time Out Group, the world’s leading source of information and ticketing for arts and entertainment has taken a further step in its rapid progression towards consolidation as a digital media group and towards its goal to reach a worldwide audience of 50 million per month with the acquisition of the Keynoir daily offers business.
Screens at Work Limited have been successful in gaining a £200,000 loan from the Regional Growth Loan Scheme (RGLS), managed by Finance East and financed by the East of England Development Agency (EEDA).
Cloud Accounting software specialist, Liquid Accounts has successfully secured second-round funding in order to develop its sales, coinciding with the release of Version 7 of its award-winning online accounting software. The new version includes many enhancements including a new optional integrated Payroll module.
The Cass Entrepreneurship Fund has announced an investment in a new technology company which combines events listings with geo-location functionality. Flypost has also been selected as one of the leading UK digital companies for this year’s UK Trade & Investment (UKTI) Mission to SXSW Interative 2011 in Austin Texas, which is taking place this week. The company has launched their new iPhone Application for this event.
Zoopla.co.uk, the leading UK property search and information website, has announced that it has raised a further £3.25 million of new funding to accelerate its already impressive growth.
Karen Hanton, who was inspired to start the restaurant booking website toptable.co.uk in 1999 out of frustration at the sight of empty places in her London restaurant, has served up £35million after agreeing to sell to US firm OpenTable. The deal will see the Scottish entrepreneur receiving a £16million windfall for her majority stake.
Luke Johnson, the prolific and outspoken business investor, has taken a majority stake in Ego Group, a chain of Mediterranean restaurants run by James Horler, former chief executive of La Tasca.
Envestors, the London based investment company which also has offices in Manchester, Jersey & Dubai, have announced that they have been acquired by the AIM listed Braveheart Investment Group.
Octopus Ventures has announced an investment of £1.3m into Gymbox, a highly distinctive London based health club business. The deal with Gymbox represents the tenth deal Octopus has completed this year, heralding a clear resurgence in venture funding.
Four London Business Angels investors actively participated in the most recent £580k round of funding for London based AudioBoo with the lead angel from the syndicate joining the Board as Chairman. Coined as the Twitter-for-audio, LBA investors now join Channel 4’s media 4iP and Imagination Technologies (supported by both Apple and Intel) in backing this early stage business.