Daimler’s MyTaxi acquires Greece’s Taxibeat for undisclosed amount

Greek taxi hailing app Taxibeat has been acquired by German competitor MyTaxi, which is owned by Daimler. No financials have been disclosed. Taxibeat, founded in 2011 in Athens, operates throughout Greece and has a small Latin American foothold with operations in Peru. To date it has raised around $7 million. The deal is believed to […]

These are some of the companies that bought European tech in 2016

We daresay the above image doesn’t need much comment. It’s a selection of some of the biggest and well-known technology companies on the planet, all of which have bought at least one European tech firm last year. We’re just saying. For more data and analysis, check out our European Tech Exits Report 2016 (buy it […]

Finland’s F-Secure buys information security firm Inverse Path to boost hardware expertise

Helsinki-based, publicly-listed cyber security company F-Secure has acquired Inverse Path, a privately-held security services firm that works primarily with clients in the avionics, automotive, and industrial control sectors. The purchase is meant to bolster the Finnish company’s growing consultancy business, says Jens Thonke, EVP of Cyber Security Services at F-Secure. From the press release: “Inverse […]

Atomico closes its fourth fund at $765 million

VC firm Atomico has announced the close of its latest fund at $765 million. Its fourth fund, dubbed Atomico IV, will invest in European startups from Series A on that have global potential. The fund, and its “value creation” model, is bolstered by an investment team of former executives from Google, Facebook, Uber, and Spotify […]