The Week In Tech: Investing in our future
Sunday saw the launch of The Sunday Times Hiscox Tech Track 100. A list of Britain’s top 100 private tech companies, many of which have raised millions from investors. This week we turn our focus on investing; the buoyant ICO space, Exit season and the trending EdTech sector.
More than $1.8bn has been raised by software developers from the sale of new currencies such as the brilliantly named; Tezzies, Atoms and Basic Attention Tokens. With 120 ICOs (Initial Coin Offerings) are planned before the end of September it is about time we all knew our LydianCoin from our Filecoin…
Mobile messaging app Kik are in the midst of raising $125M this week. But regulators are suggesting to proceed with caution when participating in ICOs. The FCA has issued a warning branding ICOs as “very high-risk, speculative investments”. Do your homework on ICO and cryptocurrencies before diving in.
Crunchbase has launched its Startups M&A report for 2017. Though deal value has stalled after a crazy 2016, 2017 has seen a huge jump in Exits. It is a good time for start-ups to cash in and especially those based in Europe.
Accounting firm Moore Stephens have released a report on the effect of Brexit on the value of UK tech businesses. The short-term outlook is negative, but with lots of foreign investment already planned in the UK and attitudes of trade buyer’s positive the long-term outlook is bright.
The UK is starting to stamp its authority on the EdTech space. Check out these 22 UK EdTech firms who are leading the charge including; Labster – a virtual lab for teaching science, Memrise – a language learning platform, AVADO – online training courses, Code Club – from the Raspberry Pi Foundation and Tutora – a way to find private tutors.