Welcome to your Week in Tech.

Investments

Weaveworks has closed a $15m round led by new backer GV formerly known as Google Ventures.

Weaveworks allows customers to build and migrate applications that can run on any given container technology.

Drayson Technologies has raised £8m.  Drayson recycles wasted radio frequency energy from radio transmission networks and uses it to power low energy electrical devices such as beacons and wearables.

In other news, Berlin-based venture capital firm, Cherry Ventures has closed €150m fund to invest in early-stage tech startups across Europe.

L’Oreal and Founder Factory

L’Oréal has announced a strategic investment in the Founders Factory.

Based in London, Founders Factory is a global digital accelerator and incubator, co-founded by Brent Hoberman, Henry Lane Fox and Jim Meyerle.

L’Oréal will be the exclusive partner for investments in beauty tech startups. As part of the agreement, L’Oréal and Founders Factory will invest and scale five early stage startups and co-create two new companies from scratch every year.

Beam wins TCDisrupt NYC

Over in New York at TechCrunch Disrupt, Beam was announced as the winner of their pitching competition.

Beam allows users to get involved in the growing world of e-sports by offering a real-time chat platform for live streamed games.

Download of the Week

Our ‘Download of the Week’ is Aflete.

Aflete makes keeing fit and healthy just a bit more social. People share their workouts, meal plans and help each other to reach their goals.

You can also find a personal trainer, recipes and workouts.

And Finally

And finally, Instagram revealed their new logo this week.

Only a tech company could make a logo change newsworthy.

Instagram released a minute long video to illustrate the dramatic change.