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Powa: The start-up that fell to earth – BBC News

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Powa

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Powa’s website now carries a message from its administrators on its website

It was one of Britain’s brightest tech start-ups, praised by David Cameron, and a rare British “unicorn” – a company valued at over $1bn (£694m) before floating on a stock market.

Its dynamic founder Dan Wagner claimed last year that his business was worth $2.7bn (£1.9bn) and had signed a deal in China with “limitless” potential.

But last month Powa Technologies …

Read the full article at: http://www.bbc.com/news/technology-35860814

Category: BankruptcyBy Insolvency GuardianMarch 21, 2016

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Powa: The start-up that fell to earth – BBC News

Powa: The start-up that fell to earth

Rory Cellan-Jones
Technology correspondent
  • 21 March 2016
  • From the section Technology

Image copyright
Powa

Image caption

Powa’s website now carries a message from its administrators on its website

It was one of Britain’s brightest tech start-ups, praised by David…

Read the full article at: http://www.bbc.co.uk/news/technology-35860814

Category: BankruptcyBy Insolvency GuardianMarch 21, 2016

Post navigation

PreviousPrevious post:Pickenpack losses under Pacific Andes pass 80m before insolvency filing – Undercurrent NewsNextNext post:Scalia, Alito Court Absences Shape Puerto Rico Debt-Relief Bid – Bloomberg

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