These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week


Happy Friday! This week, tracked 8 technology M&A transactions and 42 funding deals (totalling €128 million) in Europe, Turkey and Israel.

Like every week, we listed every single one of them in our free weekly newsletter, along with interesting news regarding fledgling European startups, tech investors old and new, a number of good reads published elsewhere, government and policy news, as well as an overview of interesting lists, facts and figures from a wide variety of sources.

You can subscribe to our newsletter below to receive all this information in your inbox every Friday afternoon for free, but here’s an overview of the 10 biggest European tech news items for this week:

1) Mozilla has invested in Germany-based Cliqz, which offers an anti-tracking browser with a pro-privacy built-in ‘quick search’ feature.

2) Encryption has come under fire in Europe, as France and Germany call for decrypt law.

3) Spotify is in talks with record labels to negotiate new contracts as it gears up for an IPO.

4) Japanese e-commerce giant Rakuten has acquired the assets of Irish bitcoin startup Bitnet for an undisclosed sum. The deal includes the Belfast-based company’s intellectual property and key staff.

5) Finland-based Rovio, the company behind the Angry Birds games, cartoons and animated movie, says it has earned €76.4 million in revenue in the first half of the year.

6) London tech startup LoopUp has floated on AIM, bringing its valuation to £40.8 million.

7) SoundCloud has reached a new milestone this week, clocking in with more than 135 million tracks and one million albums available on the streaming platform.

8) Google’s big Russian rival, Yandex, has announced a partnership with Russian truck manufacturer Kamaz, around the development of a driverless minibus shuttle.

9) Cambridge University-founded investment firm Cambridge Innovation Capital (CIC), which backs technology and healthcare firms, has raised £75 million of new capital through private financing ahead of a potential IPO.

10) Anyline, an Austrian deep learning startup, has received an investment of €500,000 from ARM co-founder Herman Hauser.

Bonus link: Latvia seeks to double the number of local startups by 2020.

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