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Glubble secures follow-on angel funding

A developer of web browser software that allows parents to control their children’s use of the internet has secured additional funding. Glubble raised $3 million from existing investors including Morten Lund, one of the first investors in voice-over-internet business Skype. Read More

Innovation to buy garage network

A provider of business process outsourcing services to insurance companies is on the verge of expanding its offering after agreeing to buy a vehicle maintenance and repair company. The Innovation Group, which also provides policy and claims management software, has agreed to buy National Service Network (NSN).  Read More

New CEO, chairman for Securstore

An online back-up and recovery business with data centres in the UK and Iceland has gained a new CEO and non-executive chairman. Securstore has appointed Orn Gunnarsson and Bjarni Armannson respectively to the roles, each of whom will take a stake of 25 per cent in the business.  Read More

Iofina’s AIM windfall

A London group that specialises in the exploration and mining of iodine and natural gas is to expand its operations after securing fresh funding through an admission to AIM. Iofina, which has interests in the US, raised more than £15.1 million through the IPO after placing some 27.4 million ordinary shares at 55p each.  Read More

European VC rebounds as US declines

Disclosed venture capital (VC) investment in European companies totalled €1.4 billion (£1.1 billion) in the first quarter of 2008, rebounding from a weak fourth quarter. The data suggests that European VC investment is holding up better than in the US, claims research institute Library House, which compiled the data.  Read More

The Qombi Case

You’ve heard the expression ‘living out of a suitcase’. Well, Bedford-based designer Parmata is set to make this a literal possibility with their self-proclaimed ‘suitcase for the 21st century’.  Read More
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