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 15 technology M&A transactions and 60 tech funding deals totalling about €409 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) UK payroll and accounting software firm Sage has acquired US-based ERP and financial management software company Intacct for $850 million in cash.

2) Beqom, the Switzerland-based provider of a cloud-based total compensation solution, announced a $35 million investment by Goldman Sachs.

3) European Union authorities have increased pressure on Facebook, Twitter and Google to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient.

4) Israeli intelligence solutions company SimilarWeb has raised $47 million led by Viola Growth with participation from Saban Ventures and CE Ventures.

5) Slovenian-founded adtech startup Zemanta has been acquired by US content discovery platform Outbrain. No terms have been disclosed.

6) Global Advisors, a Jersey-based investment firm that previously backed bitcoin, has closed a new fund to invest in initial coin offerings (ICOs) and emerging cryptocurrencies such as Ethereum. The fund is reportedly $5 million.

7) The UK government is to invest up to £246 million to help scale up battery technology development and expertise over the next four years.

8) Ukrainian macOS software development firm MacPaw has acquired Finland's The Unarchiver, a suite of file extraction apps. No terms were disclosed.

9) Maniv Mobility, an affiliate of Tel Aviv-based VC firm Maniv Investments, has announced the close of its $40 million fund to invest in transportation and mobility startups.

10) Callsign, a London-based authentication company, has announced a $35 million Series A round led by Accel and PTB Ventures with participation from Allegis Capital and former McAfee CEO David DeWalt.

Bonus link: releases European Tech Funding and Exits Report for Q2 2017

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