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 66 tech funding deals totalling about €631 million, and 8 technology M&A transactions and 1 IPO 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 appealed on Monday against a record €2.4-billion EU antitrust fine, with its chances of success boosted by Intel’s partial victory last week against another EU sanction.

2) Paris and Berlin are mounting a joint offensive to tax internet giants such as Google and Amazon based on revenues generated in EU countries, a change that would wreak havoc with many technology groups’ business models in Europe.

3) Gaming firm Rovio, the makers of Angry Birds, has said that its forthcoming IPO will value the Finnish company at $1 billion. Rovio will list on Helsinki’s Nasdaq by October 3.

4) Entrepreneur First, the London-headquartered company builder that invests in individuals “pre-team, pre-idea” to help create new technology startups, has raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners, with LinkedIn co-founder Reid Hoffman joining the board.

5) The European Commission will prepare in the coming days a list of legal options on how to make digital multinationals, like Google and Facebook, pay more tax, the commissioner responsible for taxation said on Friday.

6) Facebook has been fined 1.2 million euros for allegedly collecting personal information from users in Spain that could then be used for advertising, the national data protection watchdog said on Monday.

7) Neyber, a London, UK-based provider of a financial wellbeing platform, has raised £115 million in equity and debt funding. The round was led by Goldman Sachs, with participation from existing backers Henry Richotte and Gaël de Boissard.

8) VC firm Firstminute Capital has closed its new $85 million fund to invest in early stage European startups with backing from Chinese giant Tencent. The London-based fund, cofounded by Brent Hoberman and Spencer Crawley, is also backed by VC firm Atomico and was oversubscribed beyond its original $60 million goal in June.

9) German online fashion retailer Lesara has closed a €30 million Series C round from existing and new investors including Northzone, Mangrove Capital, Vorwerk Ventures, Armat Group, and Marshfield Associates.

10) Berlin-based VC firm Target Global has closed its latest fund of €100 million to invest in early stage companies. The Target Global Early Stage Fund I will invest in tech companies at the seed and Series A round, mainly in Germany and Israel

Bonus link: A New Chapter For (that would be us)

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