Delivery Hero’s €450m IPO, Pinterest’s $150m raise and more in The Week in Tech


Hello, I’m Emily Spaven and this is your
Week in Tech. Today we’re being hosted by Haus, a company that transforms bars and restaurants
that are closed during the day into daytime coworking spaces. This is their first location
– Haus at Sway – in London’s Holborn. Kani – you’re the CEO and founder of Haus,
can you tell us what’s on offer here? Haus is about bringing together early-stage
startups and freelancers who currently work from coffee shops or homes so we provide them
with free coffee, tea, wifi, a lot of power outlets, but most importantly we want to create
this kind of supportive community where people can come to Haus, make new connections and
most importantly make new friends. In UK investment news, BioTech firm Oxford
Genetics raised £500,000 from Mercia Technologies. The company specialises in synthetic biology
and DNA design, and raised £1m back in October last year. Smart Pension closed a £15m Series B, bringing
its valuation to £65m. Tom Valentine and William Reeve, the co-founders of Secret Escapes,
participated in the round. EVR Holdings raised £5m through the placing
of shares on AIM, a sub-market of the London Stock Exchange. The firm, which specialises
in creating virtual reality content, acquired VR startup Melody in May last year and previously
raised £3.4m on AIM. In a speech delivered in the aftermath of
the London Bridge attacks Theresa May emphasised her desire to enforce some kind of internet
regulation. May said she wanted to regulate technology companies in order to crack down
on extremist content being posted online. Critics say this shows just how clueless May
is about the way the internet is structured. Over in Germany, Delivery Hero officially
announced plans to raise as much as €450m from a public listing on the Frankfurt Stock
Exchange. The European food delivery company reached an agreement last year to offload
its UK business to rival Just Eat, however, the deal is still under review by the UK’s
Competition and Markets Authority. Pinterest raised $150m from existing investors
at a $12.3bn valuation. Before this funding round, the visual discovery and planning tool
had raised a total of around $1.3bn. Our Download of the Week is Acasa. Formerly
known as Splittable, the app enables users to set up, manage and pay for utilities and
on-demand services. It also features a peer-to-peer money transfer service. And finally, have you ever accidentally sent
a message to the wrong person and wished you could stop them from seeing it? Rumour has
it WhatsApp is introducing a feature that will save you from this very embarrassing
scenario. According to WABetaInfo, a fan site that tests new WhatsApp features before they’re
rolled out, the ‘Recall’ feature will enable users to delete their text, image and
video messages within a five-minute window. That’s all for this episode. Thanks to Haus
for hosting us – for more information visit Haus.me.uk and for more top tech headlines,
follow Tech City News on Twitter.

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