Archive for May 2011
by Steve O'Hear on May 10, 2011

BehavioSec, a security startup spun out of research at Sweden’s Luleå Technical University, has raised €1 million in a round led by Conor Venture Partners, Partnerinvest Norr and Innovationsbron. Previous investors, Lunova, PNF Venture Capital and Norrlandsfonden also participated.

The new funding will be used to accelerate the company’s expansion into international markets and to service existing customers. Sami Ahvenniemi, Partner with Conor Venture Partners, will also join BehavioSec’s board.

by Mike Butcher on May 9, 2011

Shutl, an on-demand delivery platform that aggregates transportation carriers to enable them to deliver in short time windows, has taken a £650,000 ($1m) investment round from Hummingbird Ventures and a European Postal Group of some description, but they are not saying which.

Shutl has recently been piloting its service with Argos, a leading multi-channel and high street retailer in the UK. Shutl plans to use the investment on building a sales team, expanding its platform and looking at international markets.

by Steve O'Hear on May 9, 2011

As the competition looks set to turn up the heat, StylistPick, the fashion buying site backed by Accel Partners and Index Ventures, has appointed ex-UK editor of Marie Claire, Juliet Warkentin, as Chief Creative Officer and Co-Founder.

Most recently, Warkentin was Content Director at style trend analysis firm WGSN, while prior to this she has also held the role of Internet director at Arcadia Group (Burton, Dorothy Perkins, Evans, Miss Selfridge, Topshop and Wallis).

by Mike Butcher on May 9, 2011

Six years ago when Twitter was just a side project by a podcasting startup called Odeo, there was one member of the early team that wasn’t American. In fact, he wasn’t even based in the U.S., and for two years worked remotely and unknown to the world from an apartment block in Hamburg, Germany.

This is the story of the almost forgotten founding member of Twitter’s earliest crew, a typically modest European, Twitter user number 12, who helped build one of the world’s biggest platforms, today worth as much as $10 billion.

And today he is poised to emerge with a new startup, which, once again, hints at global domination. In fact he describes his excitement about the startup as feeling “exactly like Twitter.”

by Steve O'Hear on May 9, 2011

CrowdEngineering, which is based in Southern Italy and the U.S. and provides “enterprise-class crowdsourcing solutions”, has announced that it has closed a $4 million Series A round co-led by Quantica SGR and Digital Investments SCA SICAR, the latter of which was already a seed investor.

The new funds will be used to consolidate the company’s position in the markets that it already operates and enter new markets in Europe and America, as well as continue to develop and promote its products.

by Steve O'Hear on May 9, 2011

Adconion Media Group, the online advertising and content syndication network, today has secured nearly £21 million in financing from Silicon Valley Bank, which provides loans to UK- and European-based technology companies at various stages of their development.

The newly secured funds will be used to support both acquisition and “working capital requirements” to continue growing the London-headquartered company globally.

by Steve O'Hear on May 9, 2011

Anybody who has had to sift through hundreds of resumes at a time or placed a job advert that’s gone unfilled for months will know that the recruitment process isn’t always as efficient as it could be. It’s not surprising then that many startups have tried to bring recruitment kicking and screaming into the Internet age – from various job sites to the professional social networking giant LinkedIn.

However, Labels.io, which launches out of Beta today, thinks that most of these efforts still place too much emphasis on the traditional resume, a format that is outdated with its tendency to list countless “key accomplishments” and one that encourages “dull corporate speak”, says founder Octavian Popescu. Instead, professionals are defined by three simple criteria: previous employers, skills and personality, he says, which is precisely the format that Labels.io standardises on.

by Roxanne Varza on May 9, 2011

Whoa, so Alven Capital has been a pretty busy bee this year – especially for a French fund. This is something like the 5th investment that the fund has announced since January, totalling over €8.5 million ($12.25 million) invested in companies like Entropysoft, HappyView, MobPartner and QuelleEnergie. Today’s investment of €1 million ($1.4 million) goes to custom travel site, Planetveo.

by Mike Butcher on May 9, 2011

There’s no denying that startup accelerators are now officially in vogue. Whether that is a sign of a bubble (or even a Blubble) or not I will leave to you.

However, today the movement is joined by the Oxygen Accelerator a UK-based investment programme designed to intensively mentor super-early stage startups. The 13-week programme will take applications from around the world, so long as the startup sets up a UK limited company.

The programme is unusual in that it’s offering an “evergreen” loan of £20,000 to start with, in return for a 6% equity stake. In effect this covers the startup’s costs and ‘ramen noodle’ living expenses during the programme (they are working with local athorities to also provide subsidised or free accommodation for teams).

And teams won’t need to ‘pay back’ the loan until its raised more investment or the business can afford to repay it. After which that £20k is designed to re-circulate back into the programme. It’s also unusual in that the £200,000 fund covering 10 teams is coming from one individual businessman with no previous history in the tech industry.

So, I’m Back On Twitter. Addiction Is A Hell Of A Thing
by Paul Carr on May 8, 2011

Back in August of last year, with a small amount of media fanfare, I quit Twitter and every other social network.

At the time, I was in the midst of making final edits to The Upgrade as well as writing three columns a week. For someone who makes a living writing about himself, I explained, Twitter is a huge distraction from paid work. It is also, as I discovered while researching the book, fatal to good record keeping: creating a string of disconnection, context-free updates, rather than the kind of consistent narrative you might find on a blog.

To those who suggested I simply cut back on my Twitter usage, rather than quitting cold turkey, I pointed to my struggles with drinking. The slightly-pathetic truth is, I’m cursed with an addictive personality; an all-or-nothing-mindset that has been, to paraphrase Homer Simpson, the cause of and solution to all of my problems.

READ MORE

Did /dev/fort Just Hand Over Astronaut Listening Data To The WWW?
by Paul Carr on May 8, 2011

Everyone is rightly very excited about the upcoming mega-hackathon at Disrupt New York. At last count, the event will host around four hundred billion hackers, working on some eighty five trillion projects. Luckily, as at all TechCrunch events, there’ll be rock-solid wifi and wired Internet for all those billions of people to use.

And yet… on the other side of the Atlantic, a merry band of hackers is providing that you don’t need to attend a record-breakingly-large hackthon to produce a seriously cool app. In fact, you don’t even need Internet access.

READ MORE

by Mike Butcher on May 6, 2011

Hossein “Hoder” Derakhshan, widely regard as the father of Iranian blogging, has reappeared online on his Facebook profile.

He’s recently posted an album of new images titled The New Me including one titled “Gradually getting ready for a new life”, which was added 3 hours ago (it’s 18.25 in London right now).

Derakhshan was previously arrested in 2008 and eventually sentenced to 19.5 years in prison in September last year by the Iranian authorities under the usual trumped-up charges related to “collaborating with enemy states”.

by Mike Butcher on May 5, 2011

Qwerly, which originally pitched itself as a “DNS for people”, used to have profile pages along the lines of About.me. But no more. As of today the startup is pivoting (my apologies) and shutting profiles in favour of doubling down on its growing API business.

In an email to users today, CEO and founder Max Niederhofer told users that over the last few months demand for integrating Qwerly data into CRM suites, customer support systems, email clients and address books “has far outstripped interest in the Qwerly.com site.”

by Roxanne Varza on May 5, 2011

Oh yes, France does indeed have a tech scene. And today, TechCrunch France is hosting the first edition of #TCFRecipes in Paris, an event that will cover all the ins and outs of what’s happening in the French startup world – in English – with some of France’s hottest entrepreneurs and investors.

by Steve O'Hear on May 5, 2011

It seems that Citizen Journalism is alive and well in the UK with news that Blottr, the London-based “user generated news” startup, has closed a “seven-figure” Angel round of funding.

Notably, the investment comes from Mark Pearson, founder of MyVoucherCodes.co.uk, who is in actual fact only putting in £250k up front with the remaining funding dependent on Blottr meeting certain “business milestones” over the next 6 months. TechCrunch Europe has also learned that the potential seven-figure sum totals £1 million, which, those milestones permitting, is not insignificant for an investment from a single Angel investor. Pearson will also join Blottr’s board.

by Steve O'Hear on May 5, 2011

There’s a neat line in the Facebook movie, The Social Network, that says something like Harvard students don’t seek a job, they create a job in reference to the fact that so many graduates go on to start their own venture. And while not all computer science graduates and those from related disciplines, either fresh from University or already in work, can be expected to found their own startup, joining one is the next best thing.

However it’s here where the London startup community faces a particular challenge: how to compete with the brain-drain caused by the Capital city’s financial sector and by other corporations who have chosen London as their European headquarters or have a major presence here, including Internet companies like Google and Microsoft. That’s something that a new event called Silicon Milkroundabout hopes to help remedy.

by Mike Butcher on May 4, 2011

Many believe there is a big future in data driven finance and tying the social experience with payments. To that end roll-ups are happening. Klarna, a startup in the space for in-store credit and invoicing solutions for eCommerce, has acquired Analyzd, a team of risk management and fraud prevention experts operating in multiple geographies (the US, some EU countries and Israel). Terms were undisclosed.

Klarna CEO Sebastian Siemiatkowski says the Analyzd team will join Klarna and founder Ohad Ohad Samet – a noted expert in payments and risk management – will take on the role of Chief Risk Officer (CRO) as part of Klarna’s management team. He will head a data driven risk management team distributed across several locations (Stockholm, Tel Aviv and San Francisco). Analyzd’s Tel Aviv office will be taping into the Israeli hi-tech talent pool.

by Mike Butcher on May 4, 2011

Cognitive Match is a startup applying artificial intelligence, learning mathematics, psychology and semantic technologies to match content (product, offers, or editorial) to realtime content.

Last year it raised a Series B investment of $2.5m from Dawn Capital, taking its war-chest to around $3.5m.

by Steve O'Hear on May 4, 2011

7digital, the UK digital media company, has updated its Android app to become a full iTunes competitor by featuring an in-app music download store along with acting as the phone’s music player.

Additionally, in a move that one-ups Apple (for now at least), the app syncs with 7digital’s digital music locker feature so that tracks previously purchased from the service can be re-downloaded to a user’s handset.

The full features include:

by Steve O'Hear on May 4, 2011

SoundCloud, the audio platform, has unveiled SoundCloud Labs, a new site to house experimental projects and features developed in-house, including via its open API.

The idea of creating a separate space for cutting-edge development branded as Labs isn’t a new one, of course, mostly notably employed by Google. But in SoundCloud’s case it perhaps makes even greater sense since the service was originally targeted at music makers but is now aiming to be a much wider consumer play. Strapping on additional features that move too far away from its core proposition could, arguably, dilute SoundCloud’s brand. However, cordoning these off goes someway to mitigate this, while at the same time doesn’t discourage innovation.