News April 8 2017

Spotcap Announces Fintech Fellowship for Aspiring Graduate Students

Initiative highlights need for talent and encourages the industry to raise awareness of career opportunities in FinTech   At a time of increasing need for graduates with fintech expertise, the Spotcap Fintech Fellowship programme affords young talent with the opportunity to pursue studies in a fintech related field. Launching on 10th April, the Fellowship will provide one student per academic year with a £8K stipend towards their studies. The fintech sector is one of the UK’s fastest growing sectors, adding more than £6.6 billion into the economy and attracting more than £500 million of investment. Its continued success is closely connected to access to talent, in the short- as well as long-term. A recent survey by recruitment website Indeed revealed that 20 percent of top fintech job vacancies are left unfilled after 60 days. The data highlights an immediate need for managers, analysts and developers with financial and technical expertise. The triggering of Article 50 brings further long-term uncertainty, compounding the issue of fintech’s access to talent. As negotiations start, more questions on how to secure a healthy talent pipeline are likely to be raised. Despite the agreements put in place between the UK and other European markets regarding movement of talent, it is certainly the case that the UK needs a robust base of skilled labour. “The rising cost of graduate studies, combined with the UK’s impending exit from the European Union, could create real challenges when it comes to ensuring a strong and healthy talent pipeline,” said Niels Turfboer, managing director of Spotcap. We created the Spotcap Fellowship to raise awareness of these issues and encourage the UK fintech industry to get involved in attracting and supporting the development of talent.” Devie Mohan, co-founder and CEO of Burnmark, a fintech research institute, joins the Fellowship’s judging panel. She continues: “The UK government recognises the need for fintech related skills and initiatives. Indeed, supporting the development of these skills was announced in the Spring Budget and Digital Strategy. As an industry we should also step up and contribute. For the message to resonate, aspiring graduate students need to hear ‘we want you’ directly from fintech businesses as well.”   For more details on the fellowship, visit our dedicated site: https://www.spotcap.co.uk/fintech-fellowship/.   About Spotcap Spotcap provides flexible and accessible small business financing, allowing entrepreneurs to focus on what matters – their business. We developed our credit risk algorithm in-house and lend from our own balance-sheet. Headquartered in Berlin Germany, Spotcap launched in Spain in September 2014 before expanding to the Netherlands and Australia in 2015, the UK in 2016 and New Zealand in 2017. The company is led by CEO and founder Jens Woloszczak and Niels Turfboer, who is the managing director of Benelux and UK. The growing team currently consists of more than 100 employees. Spotcap is backed by investors including Rocket Internet, Finstar Financial Group, Access Industries, Holtzbrinck Ventures and Kreos Capital. Read more about Spotcap: https://www.spotcap.co.uk/

News March 28 2017

SoundCloud Expands its Consumer Subscription Offering With New Plans

Multiplan subscription offering now includes SoundCloud Go and SoundCloud Go+ In a move to offer SoundCloud’s highly engaged, on-the-go audience more choice in how they experience SoundCloud, the company announced today its new, mid-priced subscription plan that takes SoundCloud’s ad-supported offering offline and ad-free for $4.99* per month. Beginning today, SoundCloud’s mid-priced subscription plan becomes SoundCloud Go, while SoundCloud’s existing premium music subscription plan, launched last year as SoundCloud Go, is now SoundCloud Go+.   “SoundCloud’s unique mix of content, much of which can’t be found anywhere else, is an incredibly attractive offering for music lovers who are at the forefront of what’s happening now and driving what’s next in music. SoundCloud Go answers the call from our users who want the ability to take the huge catalog of content found in SoundCloud’s free, ad-supported offering with them anytime, anywhere, without interruptions, at a very affordable price. And at the same time, we’re now giving users who haven’t made the jump into a music subscription plan, a robust, fully on-demand option at an accessible price.” Alison Moore, Chief Revenue Officer at SoundCloud The new SoundCloud Go plan marks a music industry first by offering a fully on-demand, mid-priced music streaming subscription. SoundCloud Go lets listeners discover, stream and share a constantly expanding mix of more than 120 million tracks from established and emerging artists, offline and ad-free for $4.99* per month. SoundCloud Go+, formerly known as SoundCloud Go, is SoundCloud’s premium subscription offering which gives subscribers full access to more than 150 million tracks, ad-free, offline with no previews for $9.99* per month. Additional exclusive product features for SoundCloud Go+ will be announced later this year.   “SoundCloud offers the largest, most diverse mix of established and emerging artists, all in one place. Now with three ways to experience SoundCloud: SoundCloud’s free, ad-supported offering, SoundCloud Go and SoundCloud Go+, users have even more freedom to choose the features and content they want, at the price that fits their budget. By expanding our offering, we not only enhance the experience for listeners on the platform, but also unlock new revenue opportunities to further expand our creator-payout program.” Alex Ljung, co-founder and Chief Executive Officer at SoundCloud SoundCloud Go and SoundCloud Go+ are available through SoundCloud's existing apps on the iOS App Store, Google Play or by logging on to soundcloud.com/go in the US, UK, Ireland, France, Australia, New Zealand, Canada and Germany. Users can sign up for a free, 30-day trial of SoundCloud Go or SoundCloud Go+, after which a monthly subscription fee applies: SoundCloud Go is $4.99* (web/Android)/$5.99* (iOS) per month, and SoundCloud Go+ is $9.99* (web/Android)/$12.99* (iOS) per month. iOS users can avoid the App Store surcharge by visiting soundcloud.com/go instead. *For local pricing, please visit soundcloud.com/go, iOS App Store or Google Play About SoundCloud SoundCloud lets people discover and enjoy the largest selection of music from the world's most diverse creator community. This is made possible by an open platform that directly connects creators and their fans across the globe. Music and audio creators can use the platform to instantly share their content with a global audience, as well as receive detailed stats and feedback from the SoundCloud community. For more information, go to: (http://soundcloud.com/).

News March 22 2017

Reduxio Raises $22.5m

Hybrid storage company Reduxio Systems has raised $22.5 million in funding. C5 Capital led the round with participation from other investors that included Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology. Reduxio Systems, the innovation leader in storage and data management solutions for the enterprise with to-the-second BackDating™ recovery capability, announced it has secured $22.5 million USD of its Series C funding in a round anticipated to total up to $32 million USD. The round was led by London-based C5 Capital (“C5”), a specialist investment manager focused on cyber security, data analytics and cloud computing. This round more than doubles the amount of capital invested in the company, and will fund continued innovation and global marketing of the company’s leading software-defined storage platform. All previous investors, including Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology also participated in this fundraising round for Reduxio, signaling their confidence and continued support for the company’s strategy to build the leading software platform both in the cloud and on premise. C5’s investment will complement the existing investor group with a specialist focus on cloud infrastructure and cyber security, as well as a strong network that will enhance Reduxio’s growing ecosystem of channel sales and technology partners. Mark Weiner, co-founder and CEO of Reduxio said, “The future of data storage and protection lies in delivering high performance, easy-to-use solutions designed for the rapidly coming era of hybrid IT – this is precisely why we started the company. Reduxio’s next generation architecture was purpose-built to address this challenge. Our vision and focus align perfectly with C5’s vision, and we welcome their unique expertise to the Reduxio team. This latest round of funding will allow us to continue our exponential growth to meet the needs of our rapidly growing customer base.” Marcos Battisti, Partner at C5 Capital and new board member of Reduxio said, “Now and again, investors encounter a top team in a new company with the potential to seriously disrupt a market. Reduxio is clearly one of those companies. Reduxio’s technology is reshaping the storage space as we know it. Its software-defined storage technology is built on top of truly unique and ground-breaking IP that provides tangible benefits to on premise, hybrid, and cloud-based customers. Its solution is also being widely seen as one of the key tools to fight the growing threat of ransomware attacks. My partners and I are very proud to be invested in a company as unique as Reduxio.”   About Reduxio: Reduxio delivers high performance enterprise storage solutions with unique data management capabilities enabled by the Reduxio TimeOS™, a new storage operating system. Reduxio TimeOS™ puts data at the middle of its architecture and allows complete virtualization of all types of storage, delivering the most effective storage for the most demanding enterprise applications. Reduxio is backed by C5 Capital Cloud Partners, Jerusalem Venture Partners (JVP), Carmel Ventures, Intel (NASDAQ: INTC), and Seagate Technology PLC (NASDAQ: STX). Learn more at www.Reduxio.com and follow us on Twitter and LinkedIn.