A $550m acquisition, two new tech funds, self-tying shoelaces and more in The Week in Tech


Hello, I’m Emily Spaven and this is your
Week in Tech. This episode, we’re filming from the office of technology firm Ve Interactive. VoxSmart, a London-based telecommunications
software provider, closed a $7m Series A round led by Deepbridge Capital. The firm’s software,
VSmart, helps businesses achieve regulatory compliance by recording their mobile communications. London-based Airbnb management platform Airsorted
closed a £1.5m round led by Concentric, with support from 500 Startups and Pi Labs. Founded
in February 2015, the company employs 50 people and claims to now manage 1,000 Airbnb-listed
properties in London, Edinburgh and Dublin. HeadBox, an online marketplace for booking
offsite meeting spaces, raised £1.4m. The firm is currently live in Manchester, Birmingham,
Bristol and Liverpool, but hopes to use the funding to introduce the platform in other
cities across the globe. Other investments this week include the £1m
Seed raised by Free Postcode Lottery and the £700,000 Seed secured by Manchester’s DigitalBridge. London-based Momondo Group was acquired by
US travel company Priceline for $550m. Founded in 1996, Momondo Group operates a European
search engine for flights, hotels and car rentals. Frontline Ventures closed a €60m fund to
invest in early-stage tech startups. The VC firm, which has offices in Dublin and London,
invests in B2B software companies at pre-seed and seed stages. Overseas, Berlin-based VC firm Rocket Internet
raised a new $1bn fund. Called The Rocket Internet Capital Partners fund, it will focus
both on early and later stage investments. Some of the fund will also be spent on the
firm’s existing portfolio companies, which include the likes of Funding Circle. This episode’s download of the week isn’t
a mobile app, it’s a Slack app. PayPal has created its very first bot for transferring
money via Slack’s messaging platform. Those with a PayPal account in the UK, Australia,
Canada and the US can send and request money by typing a quick command into the Slack messaging
app. And finally, here’s one for Back to the
Future fans – a Denmark-based designer has created a pair of self-lacing trainers. Vimal
Patel, who works for Lego, used an old pair of Nike trainers and products from Lego’s
Technic and Power Functions ranges to create the self-lacing shoes. That‘s it for this week’s episode, for
more tech news, visit techcitynews.com and follow us on Twitter.

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