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 22 technology M&A transactions and 78 tech funding deals totalling about €851 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) Europe’s top judges dealt a rare blow to European Union antitrust regulators on Wednesday by sending their case against chipmaker Intel back to a lower court for an appeal.

2) Lilium, the German company behind an electric “air taxi”, has raised $90 million in a Series B round from Tencent, Atomico, LGT, and Obvious Ventures. Lilium is building an electric aircraft called the Lilium Jet that’s capable of vertical take-off and landing and can carry up to five people.

3) Finnish mobile games company Rovio Entertainment, the makers of Angry Birds, has announced its plans to list publicly in Helsinki. The company will offer around €30 million in new stock, reports Bloomberg. The valuation is tipped to be about $2 billion.

4) Israeli-American startup Via announced Monday a $50 million investment and joint-venture agreement with Daimler to launch on-demand shuttle services across Europe, as well as to license Via’s on-demand shuttle operating system to European transit authorities and municipalities.

5) Zoopla is branching out further from its traditional business of house listings with the acquisition of financial comparison website for £80 million, with the possibility of an additional £60 million payout if the business performs in-line with projections over the coming years.

6) Serial entrepreneur and investor Gary Vaynerchuk has invested in Finland’s ArcticStartup, an organisation that promotes the Nordic and Baltic startup space. He will also come aboard as a company advisor as the organisation plans its next stage of growth.

7) Pan-European stock exchange Euronext has expanded into four new countries – Germany, Italy, Spain, and Switzerland. Euronext will help and support local tech startups and scaleups at the later stages and in need of new funding routes through the process of listing publicly.

8) Cambridge-based FiveAI has bagged £26.8 million in funding to help develop its driverless vehicle technology.

9) Israeli autonomous drone maker Airobotics has raised $32.5 million led by BlueRun Ventures China with participation from Microsoft Ventures and OurCrowd.

10) The European Investment Fund (EIF) is to invest €20 million in the newest fund from Irish VC firm, ACT Venture Capital, with support from the InnovFin Equity and COSME initiatives.

Bonus link: Microsoft is doubling down on its attempt to back Europe’s next big software startups (Bloomberg)

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