Hot mobile start-ups gather in London to win VC cash

Twenty-five of the hottest mobile start-ups and young tech firms have gathered at a major London event to present their business plans and attract venture capital funding.

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Twenty-five of the hottest mobile start-ups and young tech firms have gathered at a major London event to present their business plans and attract venture capital funding.

Businesses from the UK, Germany, Finland, Russia, Switzerland, Serbia and Sweden have won places to present at the event, the European TechTour Association’s (ETT) 2011 Web and Mobility Summit.

The businesses range from seed and start-ups to businesses looking for expansion and listing on the stock markets. Their technology addresses gaming, media, e-commerce and application development, to payment services, virtual goods, advertising, publishing and social networks.

A number of companies that appeared at previous events have already secured large funding. Others have been successfully acquired, including Aloqa (bought by Motorola two months ago, and Brands4Friends (bought by EBay last year).

“The world is on the brink of a step change in the use of IT.  Once only a handful of machines crunched the world’s data. Today’s computing platform consists of literally billions of interconnected computers from servers through PCs and phones to RFID tags,” said Ken Olisa, OBE, chairman of technology merchant bank Restoration Partners and President of the European Tech Tour Web & Mobility Summit 2011.

“This new Age of Ubiquity will have a profound effect on consumers and enterprises globally, spawning thousands of new businesses over the next decade. For the first time in a long time European technologists and entrepreneurs have an equal chance to win in the global race for success.”

The companies selected to appear at this year's event are:

Badoo, London; Blaast, Helsinki; ; eRepublik Labs, Dublin; Everbread, London; Fon, Madrid; Halo Networks, London; IDbyMe, France; iZettle; Stockholm; Just Eat; London; Klarna Stockholm; KOBOJO, Paris; Madvertise, Berlin; Mexad, Cologne; Minimonos, Wellington; Mister Spex, Berlin; Namaste, London; Netcycler, Helsinki; Nordeus, Belgrade; Paper.li, Lausanne; paythru, London; Sapato, Moscow; Silk; Amsterdam; Smeet, Berlin; StrikeAd, London; Uplause, Helsinki and Wrapp, Helsinki.