Today’s round-up looks at a variety of stories and start-ups, from skin care to Fintech, reflecting the diverse nature of the tech scene both locally and internationally. We’d love to hear from you with stories about hot start-ups, accelerators, incubators & particularly about hyper-local goings on; Shoreditch, Haggerston, Dalston, Hackney, Islington – so drop us a line with any news!
Quote me ‘Appy
Teaming up with Vodafone and Pimlico Plumbers, Microsoft Ventures alumni ‘Appy Parking, London’s premier parking app, have concluded a test of their new “one click parking” service which is controlled via an app christened the “Uber of parking”
The app uses sensors built into Westminsters’ parking bays to help guide drivers to the nearest or most convenient parking spot, and allows them to pay through the app for the exact period of time that the vehicle stays parked, rather than in blocks of 3, 4 or 5 hours.
Pimlico Plumbers believe the app could save the business as much as £100k per annum, and the team at Appy Parking, led by CEO Dan Hubert hope to roll out the service across more local councils and introduce a Visa payments system for “one click parking” as well as continuing to offer an Airbnb style marketplace for on or off street parking.
The team, who’s slogan is “one place for every space” have created an easy-to-use interface that allows users to see every controlled parking zone in London with “Green zones” and “Red zones” to indicate where it’s ok to park and where it isn’t and what restrictions apply, and can also provide sat nav instructions, find petrol stations and prices and electric charging bays. “It’s the only parking app you’ll ever need”, says Hubert.
Saving you precious time and money, Appy Parking could play a major role in solving London’s congestion crisis, provided the uptake is large enough and councils are prepared to play ball and embrace the technology.
Dutch Skin Cancer detection app wins investment from major European Pharma
SkinVision, Europe’s leading skin cancer detection app has closed an investment round with global healthcare firm LEO Pharma, one of the world’s leading providers of skincare solutions for an undisclosed amount.
Skin Vision provides users with a low-cost, easy-to-use tool to help detect and evaluate early stage signs of skin lesions. The app allows users to take photos of moles or lesions using a smartphone, which are analysed using a proprietary algorithm against a database of more than 1m images, resulting in an accuracy level of more than 80% in the identification process.
SkinVision estimate that dermatologists are treating just 5% of people within the risk profile for skin cancers, which is one of 5 cancers that that are currently seeing rapid growth. “We are delighted to reach this agreement with LEO Pharma, because it will enable us to expand into new areas and it validates our approach,” says Dick Uyttewal, CEO of Skin Vision, who are headquartered in Amsterdam and have a team of 12, having been founded in 2012.
The application is currently the only skin cancer detection app to have received European CE certification, having undergone scientific testing at the Ludwig Maximillian University in Munich in 2013, recognised as one of Europe’s premier academic and research institutions which specialises in skin cancer research.
“The Internet is dramatically changing how consumers manage their health and that creates new opportunities for us to deliver innovative, value-added services,” Kim Kjoeller, Senior Vice President of Global Development at LEO Pharma, said. “This is a huge opportunity for the European technology and pharmaceutical industries to become world leaders.”
“We want to be the leading provider of digital solutions for skin conditions and together with LEO Pharma we believe we can provide consumers with even more personalized, informative healthcare services.” Uyttewal adds.
Fresh from a recent fundraising, The Job Post appoints new CEO
Leading European recruitment platform TheJobPost, which connects 100s of employers including RWE Npower, Serco and the NHS with over 42,000 specialist recruiters, has appointed HR and technology specialist Nick Holmes, the ex-MD of Lumesses, as CEO.
Holmes has worked in recruitment-tech for more than 14 years and will lead TheJobPost as they look to drive the business model forward and create “friction free recruitment”, with the ability to introduce employers to specialist recruiters in hours and minutes.
“We are delighted to have Nick join the business. His leadership skills and his blend of technology, talent management and international experience is the perfect mix to drive TheJobPost to the next level’, says Ken Brotherston, TheJobPost’s Chairman and co-founder alongside JP Caffery.
“TheJobPost is one of the most exciting prospects in the industry”, commented Holmes, “employers who see TheJobPost as a hugely important tool in their sourcing strategies bodes well for the future. I’m delighted to have this opportunity to lead the business’’.
TheJobPost recently won two Innovate UK Grants totalling £350k and has also raised in excess of £1m from within the recruitment industry to help develop and expand the platform, which can be accessed on mobile and integrates with world leading tracking system ATS.
As well as providing a disruptive approach to recruitment which leverages transformative tech, TheJobPost is renowned for running a significant number of events aimed at talent and Recruitment leaders in the UK, including Talent Leaders Connect, a series of nationwide events for HR Directors and in-house recruiters, & Recruitment Leaders Connect, for recruitment business owners and Directors, as well TheJobPost radio, a series of podcasts covering changing trends in the recruitment industry.
Fundraising platform Seedrs backed by a big hitter
Tennis star Andy Murray, who joined the advisory board of equity crowdfunding platform Seedrs, an investment platform that allows anybody to invest as little as £10 into early stage tech start-ups, has announced this week that he has made 3 investments through the platform.
“Healthy eating is something I have to be passionate about as a sportsman, so Tossed was immediately one to consider, and the other two businesses are really pushing the boundaries of technology”, Murray said in a statement. He hasn’t revealed the size of the investments he has made.
Tossed has now raised more than £1 million through the platform, giving up 7.4% of its equity in the process, Trillenium £230k for 9% and Fuel Ventures has raised £539k which will be reinvested by the fund.
Seedrs was founded in 2012 by Jeff Lynn and Carlos Silva having been spun out from an MBA project at Oxford’s Said Business School. The platform completed a £1.3m fundraising later that year with backers including DFJ Esprit, AngelLabs and Digital Prophets, before raising a further £2.5m in 2013, the biggest ever round by an equity crowdfunding platform.
Most recently, Seedrs announced a Series A round of £10m led by Woodford Patient Capital Trust and Augmentum Capital, with £2.5m set aside for existing shareholders and new investors to invest via a campaign on the platform, which go live on 21st August. Other notable investment opportunities on the platform include Pixel Blimp, a gaming platform for children, Rachel Bates Interiors, the net-a-porter equivalent of the luxury interior design market, based in Macclesfield, and Peopletrip, a platform connecting like-minded travellers for trips abroad.
The Aussies are coming and they mean business!
Now that the Ashes is coming to an end, a more serious minded collection of Australians will be arriving in London shortly as UKTI Australia has announced that it will be sending a delegation of 10 successful Australian Fintech companies to London, to co-incide with London Fintech Week.
British Airways has agreed to provide travel free of charge, and the delegation will benefit from reduced entry fees to Fintech Week, where they will meet with London-based accelerators, mentors, peers and industry experts in a programme organised by UKTI.
“The response from Australian companies has been overwhelming which tells us that interest in the UK market is strong”, says Consul General and Director General for UKTI Australia and New Zealand, Nick McInnes, adding “this is a fantastic opportunity for some of Australia’s brightest start-ups and SMEs to learn from the thriving Fintech industry in London”.
Companies that will be making the trip include Rubik Financial, a financial services software provider specialising in financial planning and asset management software across Australia, Asia and the Middle East, On-Market BookBuilds, which provides patented software that helps listed companies to raise capital across stock exchanges with complete transparency, and Simply Wall St, a provider of infographics focused on stocks listed on the Australian Stock Exchange.
London is often referred to as the FinTech capital of the world; deal volumes have been growing at a rate of 74% per annum since 2008, which is twice as fast as Silicon Valley, albeit overall volumes are smaller. 2015 has already seen peer-to-peer lending site MarketInvoice raise £6m, eToro a “social investment network” raise £7.7m, peer-to-peer payments start-ups Currency Cloud and TransferWise raise £11.5m and £37.2m respectively, and Funding Circle, which has handled more than £770m in loans since it began five years ago, raise a whopping £96m funding round, led by Russian firm DST Global.
This is great news for London & a great advertisement for the activities which are often carried out in the shadow of the City of London, the other side of Bishopsgate in Shoreditch, Haggerston, Dalston, Hackney Wick, the crucible from where so much of the talent that goes on to start great businesses, raise funding and provide jobs are based. If you have any local news you’d like to share with Haggerston Times please contact us and share your story