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 17 technology M&A transactions, 1 IPO and 61 tech funding deals totalling about €384.5 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) The European Commission has fined Google €2.42 billion for breaching EU antitrust rules. The Commission has concluded that Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.

2) Delivery Hero’s valuation topped $5 billion after the Berlin-based food ordering and delivery firm went public in a listing on the Frankfurt stock exchange.

3) Apple has 'almost certainly' acquired German computer vision company SensoMotoric Instruments, a provider of eye tracking glasses and systems

4) Social media companies face fines of up to €50 million if they persistently fail to remove illegal content from their sites under a new law passed in Germany.

5) Just over a week after obtaining its full banking licence in Sweden, fintech company Klarna has received a fresh investment from Visa. No terms for the deal were revealed but according to a report from Bloomberg, the Swedish company will be issuing new equity and will be targeting new regions for its services.

6) UK-based peer-to-peer online fundraising platform JustGiving has been acquired for $120 million by Blackbaud, a US-based software and services provider for not-for-profit organisations.

7) Austrian healthtech startup, mySugr, which makes a diabetes management app, has been acquired by Swiss medical multinational Roche. No terms for the deal were announced.

8) Early-stage VC firm Capnamic Ventures has closed its latest fund at €115 million to invest in tech startups in the German speaking region. The firm, based in Berlin and Cologne, will invest between €500,000 and €3 million in early-stage companies in the B2B and digital infrastructure spaces.

9) Israel’s Autotalks, a company developing communications tech for connected cars, has extended its Series D round to $40 million.

10) Digital health startup KRY has raised €20 million in its Series A round led by Accel. Previous investors Index Ventures, Creandum, and Project A also participated.

Bonus link: Why France Is Taking a Lesson in Culture From Silicon Valley (NYT)

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