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 9 technology M&A transactions, two IPOs and 76 tech funding deals (totalling €365 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) French IoT startup Sigfox announced it has closed a €150 million Series E round to accelerate the expansion of its global network to 60 countries by 2018 and reach profitability.

2) Facebook has stopped collecting WhatsApp user data across Europe, bowing to pressure from privacy watchdogs across the continent.

3) Expedia's German hotel-booking site Trivago filed for an IPO in the United States. On Monday, it filed with an offering size of $400 million, which is a placeholder amount that may change.

4) As part of a £1 billion investment plan, Google is to open a new HQ building in London which could see 3,000 new jobs created by 2020.

5) UK-based digital wealth manager Nutmeg has raised £30 million after naming Martin Stead its new CEO this summer.

6) The Digital News Initiative, a group formed by Google to explore, promote and financially back new efforts in news publishing, announced that it is putting €24 million into 124 projects across 25 countries in Europe.

7) Edinburgh-based FreeAgent, which offers web-based accounting software, has floated on AIM, raising £10.7 million with a market capitalization of £34 million.

8) Amazon has launched its Spotify rival in the UK with a headline price of £9.99 a month.

9) Russia’s Sberbank, an investor in Uber, has announced its next $250 million venture fund.

10) The UK's far-reaching surveillance bill is now all but law.

Bonus link: Britain's hottest fintech startups depend on a €5 billion German company.

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