This week, our analysis group tracked over 60 know-how financing offers value greater than € 1.four billion, and round 10 exits, M&A transactions, rumors and associated information tales throughout Europe, together with Russia. , Israel and Turkey.
As all the time, we put all of them collectively in a useful listing that’s despatched out in our abstract publication (be aware: the complete listing is for paying prospects solely).
Lately, we additionally began publishing ‘Right now in European Tech’, a each day abstract of affords and information that caught our consideration. Protecting you updated on all issues EU know-how is our precedence!
Right now, as a substitute of a each day roundup, we offer you an outline of the highest 10 European tech information from the previous week (join our free publication to have this roundup delivered to your inbox each Monday morning).
1) Cazoo is on its solution to the ‘SPAC trade’
Cazoo, the UK used automobile gross sales portal which has had an enormous drop in fundraising within the final 12 months, will probably be listed on the NYSE by means of a enterprise mixture with SPAC AJAX I; the deal values Cazoo at $ 7 billion.
British used automobile platform Cazoo agrees to promote to clean examine firm for $ 7 billion https://t.co/gtdKmDNqS9
– Bloomberg (@empresa) March 29, 2021
2) Lilium to be listed on Nasdaq in a $ three.three billion SPAC deal
Germany-based air taxi startup Lilium has introduced its intentions to listing on Nasdaq by means of a merger with a SPAC known as Qell Acquisition Corp. The transaction values Lilium at $ three.three billion.
The flying taxi startup Lilium goes public by means of SPAC, presents its new electrical airplane https://t.co/W8UYgywnrH pic.twitter.com/LHNgY2gY0l
– The Verge (@verge) March 31, 2021
three) Deliveroo’s intensely robust public market debut
Share on UK residence meals supply It fell as a lot as 30% in its extremely anticipated IPO in London on Wednesday, wiping round £ 2.3bn from the corporate’s worth and dealing a blow to town’s renewed efforts to draw listings for tech corporations.
This is why Deliveroo’s inventory plunged on its industrial IPO debut https://t.co/uXu4zNRSzB
– Quick Firm (@FastCompany) March 31, 2021
four) Glovo obtains 450 million euros in new financing
Based mostly in barcelona Glovo multi-category supply service has entered the historical past books with a Sequence F funding spherical of 450 million euros.
Glovo CEO plans an IPO within the subsequent two years after elevating a $ 530 million spherical https://t.co/TOhYbOHqBx pic.twitter.com/RQViqJ9lmI
– Forbes Europe (@ForbesEurope) April 1, 2021
5) Otrium Trend Market Will get $ 120 Million
Amsterdam-based unsold trend market Otrium has raised $ 120 million in a brand new spherical of funding co-led by BOND and Index Ventures, and has seen subsequent investments from Eight Roads Ventures. The C collection spherical is predicted to drive Otrium’s entry into the US market, improve extra unsold trend capabilities, and recruit new workers.
Delighted to duplicate our partnership with @OtriumOfficial and co-lead your $ 120 million Sequence C with BOND! Max and Milan are actually constructing one thing particular and transformative within the business, and right here I share my ideas on our funding: https://t.co/2FpkzOD8iN
– Sofia Dolfe (@sofiadolfe) March 31, 2021
6) UK antitrust watchdog to research Fb-Giphy deal
Within the UK, the CMA watchdog has referred the acquisition of GIPHY by Fb for an in-depth investigation.
UK watchdog to research Fb takeover of Giphy https://t.co/M0FJoZcQqZ
– The guardian (@guardian) April 1, 2021
7) Grocery Procuring Platform Everli Raises $ 100 Million
Everli, Milan-based on-line grocery purchasing platform has raised $ 100 million in a Sequence C spherical.
On-line grocery purchasing platform Everli has secured $ 100 million in a Sequence C funding spherical, however it isn’t alone. The meals supply phase of the tech business is ready to offer a wholesome assist for market progress within the years to come back. https://t.co/J6IAAmWRrF
– Verdict (@VerdictUK) March 31, 2021
eight) Google’s € 25 million donation in opposition to faux information
Google will contribute 25 million euros to the newly created European Media and Info Fund To fight faux information, amid criticism, the tech giants are usually not doing sufficient to debunk misinformation on-line.
Google spends $ 30 million to fight misinformation and pretend information in Europe https://t.co/ZCJD1TM5mq pic.twitter.com/X4UVAy7m8a
– The hill (@thehill) April 1, 2021
9) Austrian on-line studying firm GoStudent will get € 70 million
GoStudent, the Vienna-based e-learning startup, has accomplished a € 70 million Sequence B spherical led by new investor Coatue together with present companions Left Lane Capital and DN Capital, simply four months after elevating its Sequence A.
🤑 Now we have acquired a formidable € 70M Sequence B #investment of our new investor Coatue together with our present buyers @LeftLaneCapital and @DNCapital! Thanks for constructing Europe’s main tutoring model with us! #edtech #start up
👉 https://t.co/4J4UjAbmPC pic.twitter.com/Jly3ldMVCk
– GoStudent (@ GoStudent1) March 30, 2021
10) Spotify acquired a clubhouse-like dwell audio platform
Spotify to accumulate Betty Labs, the corporate behind Locker Room, which focuses on dwell audio.
Spotify acquired Betty Labs, the corporate behind the sports-focused Locker Room audio app, to speed up its transfer to dwell audio as new voice-based platforms see fast progress in latest months https: // t .co / 7Zm9lUAg58 pic.twitter.com/z5jzjAij7H
– Reuters (@Reuters) March 31, 2021
– Tech.eu podcast n. 213: Intel Ignite arrives in Munich, a foul week for Fb, SPACs are in all places
– Particular Interview: Jonathan Satchell, Studying Applied sciences Group
Bonus hyperlink (s):
– Europe’s battle to compete within the subject of supercomputing and why it must go from purchaser to builder.
– 92% of enterprise capitalists say they provide worth past fairness; the founders reply, “mmm sure no”