London app firm’s £39m funds boost

One of London’s fastest growing technology firms has raised £39 million to finance its next stage of expansion and boost its presence in Silicon Valley.

The sovereign wealth fund of Malaysia led backing for Blippar, an app that lets smartphone users find information on the internet about objects they see simply by aiming the camera at them.

Blippar, which was launched in 2011 and is based at London Bridge, has 60 engineers in San Francisco and Mountain View in California and more than 300 employees around the world.