UK technology start-up Blippar has fallen into administration after rowing investors failed to reach a deal that could have given it a funding lifeline amid heavy losses.
The augmented reality start-up, which was once hailed as a British tech “unicorn” valued at £1bn, has stopped trading and appointed administrators David Rubin & Partners.
“The appointment of Administrators has arisen effectively as a result of an alleged dispute over continued funding,” Paul Appleton, partner at David Rubin & Partners said.
Investors include property developer Nick Candy’s Candy Ventures, Qualcomm Ventures and Khazanah, a Malaysian state-backed fund.
