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 11 technology M&A transactions, two IPOs and 39 tech funding deals totalling €139 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 has reached a settlement with Russia's regulator in Android antitrust case brought by local rival Yandex.

2) Dutch startup Wercker has been acquired by Oracle for an undisclosed sum. The Amsterdam-based startup, which creates tools for testing and deploying code, had raised nearly $8 million in funding since its founding in 2012.

3) Spotify cleared another hurdle in the route to its IPO this week when it announced a multi-year licensing deal with Merlin, the global digital rights agency for the independent label sector.

4) Microsoft is lining up a bid to buy Israeli cloud-monitoring and analytics startup Cloudyn in a deal thought to be worth between $50-$70 million, according to a report in local Israeli business publication the Calcalist.

5) Swedish insurtech company BIMA, which brings mobile micro-insurance to underserved families in emerging markets, has raised $16.8 million.

6) EU antitrust regulators have approved the acquisition of the French security solutions provider Morpho by the US private equity firm Advent International. The deal is said to be worth €2.4 billion.

7) Venture capital firm Nauta Capital has closed its latest fund at $170 million to invest in tech companies at Series A rounds. This brings its total assets under management to $350 million.

8) The Russian telecom regulator Roskomnadzor announced this week that Twitter has agreed to the transfer its Russian users’ data to Russian servers by mid-2018.

9) Dome9 Security, an Israeli company specialising in cloud-based cybersecurity, has raised $16.5 million in Series C funding.

10) Microsoft announced that it will shut down Wunderlist in favour of its new app, To-Do.

Bonus link: Europe’s Surprising Tech Success (Project Syndicate)

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