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Qubit raises $26m, Spacious raises $2.8m, Ebay and PayPal split, and more in your Week in Tech!

Qubit raised $26m, and CogBooks and Spacious bagged $2.8m and $800k respectively this week. Localz was also the first startup to win John Lewis’ incubator competition securing $160k from the retail giant.

Ebay and PayPal parted ways in an effort to take advantage of new competitive opportunities and Reddit raised $50m from the likes of Snoop Dog.

All this and more in your Week in Tech.

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Further reading

Localz wins Jlab competition to raise $160k from John Lewis [Tech City News]

CogBooks raises $2.8m to pioneer personalised learning [Tech City News]

eBay and Paypal will split into two publicly traded companies next year [Tech City News]

Reddit plans it’s own Crytocurrency to give back to it’s users after $50m raise [TechCrunch]