Splashpath founder Dan Morgan (left) with Olympic swimmer Michael Phelps
London startup Active in Time has taken the path less traveled to financing by licensing its Splashpath swim tracking app to Speedo. Read more
Ouya, the open-source games console, has become the first Kickstarter tech project to graduate to a more traditional funding scheme – venture capital.
After getting $8m from 63,000 crowdfunders last August, Ouya on Thursday announced it has raised $15m from investors including Kleiner Perkins Caufield Byers, Mayfield Fund and Nvidia, to accelerate its plan to attack the mass market. Read more
In a rare event, a crowdfunded start-up has gone on to raise mainstream venture capital.
Digital Spin, which raised £60,000 in August from platform Seedrs, has now received several times that amount from Passion Capital and Balderton, two of London’s most active venture funds. Could this be the start of growing links between amateur and professional early-stage investors? Read more
Duedil, a start-up that provides information on every private company in the UK, has raised $5m in funding ahead of an expansion into more than a dozen countries across Europe.
The London-based company takes data from public and private databases and links it together to provide users with insights that would otherwise have been impossible to obtain. Read more
Roy and Eldar Tuvey, the British brothers who sold their startup ScanSafe to Cisco for up to $183m in 2010, have announced a new venture, this time in mobile services.
Wandera helps companies save money on data roaming by compressing data in the cloud before it is sent to an employee’s phone or tablet. On Wednesday it received $7m in backing from Bessemer Venture Partners, whose past investments include Skype, Box and Linkedin. Read more
The Tesla Model S was Motor Trend car of the year last year and starts at a base price of $62,400. So how could you get one for an all-in cost of $500 a month?
Simple: start by valuing your own time at $100 an hour. That, at least, is according to the creative accounting that Tesla has just come up with for a new lease deal for the vehicle. Read more
Just for a change, Apple investors are jumpy. After ticking about 1 per cent lower throughout Tuesday morning, Apple stock suddenly leapt in high-volume trading just after lunch to close up 1.4 per cent for the day.
The reason for this latest share-price volatility seems to be a fresh bout of speculation circulating on Twitter about what Apple might announce at Wednesday’s annual shareholder meeting. Read more
Berlin has scored a victory over London in the battle to be the main hub for Europe’s start-up companies after Seedcamp split its flagship event of Europe’s largest support programme for fledgling tech businesses between the two cities.
The incubator programme, which began life with a week-long event at London’s Imperial College in September 2007, will now hold four such gatherings in the UK and German capitals. Read more