Type
Business expansion
Country
United Kingdom
Region
Location of affected unit(s)
London
Sector
Information / Communication
Information Service Activities
Information Service Activities
63 - Information service activities

250 jobs
Number of planned job creations
Job creation
Announcement Date
21 August 2013
Employment effect (start)
Foreseen end date

Description

Powa Technologies, a UK- based start-up provider of e-commerce platform services is to create 250 jobs within the UK. 

The company has raised £48.5 m from an unnamed US investor.  The company’s founder Dan Wagner said that the funds were exchanged for a minority stake in the business. 

Additionally, as announced, another 200 new jobs will be created elsewhere in the world. The timeline for the expansion plans is not yet available.


Sources

  • 21 August 2013: The Telegraph

Citation

Eurofound (2013), Powa Technologies, Business expansion in United Kingdom, factsheet number 75785, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75785.