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 93 tech funding deals totalling about €705 million, and 15 technology M&A transactions and 1 ICO 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) Uber has lost its licence to operate in London, the capital's transport regulator has said. Transport for London (TfL) announced that Uber would not be issued with a private hire operator's licence once its current licence is up on 30 September.

2) Deliveroo has raised $385 million from investors in a huge funding round that values it at over $2 billion and makes it one of the most valuable tech companies in the UK.

3) Google has proposed overhauling its shopping search results so that rivals can bid for space to display products for sale, as part of the tech giant’s efforts to comply with the European Union’s antitrust order, 'people familiar with the matter' told The Wall Street Journal.

4) SAP, the German enterprise software giant, has announced its acquisition of Gigya, a firm that helps online properties manage customer identities and profiles, for a reported $350 million.

5) Imagination Technologies has agreed a sale to China-backed private equity firm Canyon Bridge in a deal valuing the British chipmaker at about £550 million. Its US unit, MIPS, is being bought by Silicon Valley investment group Tallwood Venture Capital for $65 million.

6) StoreDot, a Tel-Aviv, Israel-based battery startup, raised $60 million in a third round of funding.

7) The EU’s offensive against Silicon Valley looks as though it is likely to resume, as officials in Brussels consider a raft of proposals aimed at increasing the amount of tax paid by digital titans like Facebook and Amazon. The new proposals, a copy of which was reviewed by The New York Times on Wednesday, broadly aim to tax Internet companies in the countries where they generate their business, rather than allow them to shift profits to jurisdictions with lower rates.

8) Victor, an on-demand marketplace for private jet charter, has raised $20 million. BP Ventures, the investment arm of energy giant BP, has invested $10 million with the remaining funds in the round coming from existing shareholders.

9) The Meet Group, a US-based public company operating in the mobile meeting space, today announced it has executed a definitive agreement to acquire LOVOO, Germany’s leading social dating app, for $70 million in cash.

10) London fintech firm GoCardless has raised $22.5 million led by Accel with participation from existing investors Balderton Capital, Notion, and Passion.

Bonus link: Cloud Europe 2017: The SaaS Factory is Cranking

(This post was updated on Monday 24 September with some big news items from the past weekend)

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