These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week


Happy Friday Saturday! This week, tracked 10 technology M&A transactions and 71 tech funding deals (totalling €360 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) Devialet, the French speaker company, has raised €100 million in a Series C round from several investors to boost its expansion in the US and Asia.

2) US software management group CA has agreed to buy Austrian business automation firm Automic from private equity group EQT in a €600 million deal as it seeks to expand in Europe.

3) German e-commerce investor Rocket Internet reined in losses at its main startups in Q3, but revenue growth slowed at meal delivery business HelloFresh and online furniture site Home24.

4) Danish apartment manager Novasol has agreed to take over the former Rocket Internet start-up Wimdu for an undisclosed amount, a mere two months after Wimdu’s merger with 9Flats.

5) Berlin-based Clue, a female health tracking app, has raised $20 million in a Series B round led by Nokia Growth Partners with participation from Union Square Ventures (USV), Mosaic Ventures, Brigitte Mohn and Christophe Maire, Giving Wings, and FJ Labs.

6) American Momentous Entertainment Group (MEG) has agreed to buy the company behind German student social network StudiVZ and its sister network MeinVZ for $10 million in preferred stock.

7) Nokia-branded mobile phones are on sale, once again, and being marketed on the Finnish company's website.

8) German video messaging app Dubsmash has landed €9 million.

9) BMW has announced that it plans to spend up to €500 million on new car technologies over the next 10 years through its iVentures division.

10) French broadcaster TF1 has taken a majority stake in French online video entertainment platform MinuteBuzz.

Bonus link: A new report from Atomico and Slush analyses the lay of the land for European tech in 2016, and makes a case for why it is poised to thrive.

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