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 10 technology M&A transactions and 66 tech funding deals totalling €371 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) Berlin-based SoundCloud, a popular music sharing and streaming platform, has raised $70 million in debt financing. The credit comes from Ares Capital, Kreos Capital, and Davidson Technology.

2) EU antitrust chief Margrethe Vestager said on Wednesday she was reviewing Facebook's response to charges the US social network provided misleading information during its bid for messaging service WhatsApp which may result in a hefty fine for the company.

3) Also on Wednesday, Uber said it will move its international headquarters in Amsterdam to a larger building ahead of plans to increase staff to 1,000 from 400.

4) Israeli vehicle communications startup Autotalks has raised $30 million in a Series D round from new and existing investors.

5) Seven European countries announced on Thursday a joint initiative to acquire and deploy world-class high-performance computers, a project the European Commission says is comparable to the size of Airbus or the Galileo satellite navigation project.

6) VC firm Octopus Ventures has raised a £120 million tech investment fund to continue supporting AI startups in the UK.

7) Russian Qiwi, an electronic payments operator, is buying the Russian startup Flocktory, which produces SaaS software for customer management. Qiwi has agreed to pay 832.8 million rubles (around $14 million) in exchange for an 80 percent stake in the startup.

8) German online lamp shop has received a major investment of €120 million, coming from the venture capital firm 3i. The company says 3i will also provide a short-term loan of €54 million.

9) Alibaba invests $150 million and partners with Mail.Ru Group for global games distribution plan.

10) Munich-based financial services company Wirecard has announced its acquisition of the online shopping tool Supr.

Bonus link: The Tech Nation 2017 report captures the pulse of the UK tech sector.

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