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'Brexit' nerves already cost this London tech startup £100,000

Tech startups are likely to lose advantages such as unencumbered movement of money, workers, goods and services

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Rich Pleeth, the co-founder of friend-finding app Sup has found that a German firm that was interested in investing in his company, became nervous and backed out when polls showed the result could be close when Britain calls a referendum on membership in the European Union in June.

London

"BREXIT" is already happening for Rich Pleeth.

The co-founder of friend-finding app Sup was trying to secure funding to grow his London-based startup and thought he had good news when an offer came from a German firm to kick in £100,000  (S$196,322). Then British Prime...

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