10 Yetis, the consumer and tech PR Agency based in the South West of the UK has announced that it has invested in the start up web film business; The Online Video Company.
Workbooks.com has secured a total investment of £5.4m from Angel investors. This business was able to raise the additional capital in less than 60 days, in part because Angel investors were able to take advantage of the recent EIS tax relief changes, which makes the investment more tax efficient for private investors.
The UK has been identified as a more dynamic hub than the US for new entrepreneurial investors in technology, so said a line up of some of Europe’s top Super angel investors: Stefan Glaenzer, co-founder of White Bear Yard and new Passion Capital fund, Mattias Ljungman from Atomico Ventures set up by the Skype founders and Alex at the recent British Business Angels Association National Investment Summit.
Innovative and creative digital businesses based in east London are to benefit as funding for a pilot innovation initiative designed to encourage collaboration in the area doubles. The Technology Strategy Board has decided to increase the amount of funding available for the Tech City Launchpad initiative to £2 million, enabling it to provide support in the form of £100,000 grants to twice as many companies.
Merism Capital, the social impact seed fund, has partnered with Crowdcube, which is reported to be the first crowdfunding website in the world to offer ordinary people equity in exchange for investment.
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.
Some of the leading business angel and early stage investment community within the UK gathered in London this week to review the implications of the current financial climate for investing in innovation following the severe challenges to the economy and new government measures to address finance for business growth.
Vital funding streams to support SMEs and entrepreneurs in the North West have been recommended in research by the financial and professional services organisation pro.manchester.
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.