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 15 technology M&A transactions, one IPO and 81 tech funding deals (totalling €401 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) Google poured scorn on EU allegations that it skewed shopping search results to favour its own services and said regulators lack evidence and have failed to see that it is competing head on with e-commerce giants and eBay.

2) Mail.Ru has acquired Russian food delivery business Delivery Club from Berlin-based, Rocket Internet-backed foodpanda for $100 million in cash.

3) The UK government unveiled the new National Cyber Security Strategy, with around £1.9 billion ($2.33 billion) to be invested in improving cyber security and capabilities between 2016 and 2021.

4) The corporate VC arm of German reinsurance company Munich Re Group has made a $23 million strategic investment in relayr, a Berlin-based startup creating technologies for industrial customers to harness the Internet of Things.

5) Fitbit, Jawbone, and other fitness wristbands will imminently be hit with formal complaints from Norway's consumer watchdog for breaking European privacy laws.

6) Spotify has announced its acquisition of Preact, a US-based provider of customer service and predictive analytics software. Terms of the acquisition were undisclosed.

7) Oslo’s The Future Group, a social entertainment platform that blends virtual interactivity with TV, has raised $20 million in a Series C round from Ferd and Aker ASA along with 25 other investors.

8) Apple apparently has a secret office in Cambridge where it's working on Siri, the company's AI-powered personal assistant.

9) Rocket Internet’s cleaning service ZipJet has acquired its London-based competitor Asteria Cleaners.

10) Graphcore, a UK-based startup developing new technology to deliver acceleration for machine learning and AI applications, has completed a $30 million Series A funding round from Robert Bosch Venture Capital, Samsung Catalyst Fund, Amadeus Capital Partners, Draper Esprit and others.

Bonus link: TOP 50: Europe’s most influential women in the startup and venture capital space

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