These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week


Happy Friday!

This week, we tracked 71 tech funding deals worth more than €636 million, as well as 12 M&A transactions and 3 ICOs across Europe, Israel, and Turkey. It was a good week for European tech, with 5 startups raising rounds of over €40 million.

We listed every single deal in our weekly newsletter (note: the full newsletter is now available to paying subscribers only), and here’s an extra overview of the 10 biggest European tech news items for this week:

1) Monzo, one of a number of “challenger” banks in the UK aiming to re-invent the current account, has raised a further £71 million in a round led by Goodwater Capital.

2) Uber has lost its appeal in a landmark UK case over its drivers’ employment rights.

3) Yotpo, an Israeli marketing platform, has raised $51 million in a round led by ClalTech, a division of Israeli industrial group Access Industries. The round includes new investor Vertex Ventures and existing backers Bessemer Venture Partners, Marker LLC, Vintage Partners, Blumberg Capital, Rhodium, and 2B Angels.

4) Israeli startup Corephotonics sued Apple, accusing the iPhone maker of copying its patented smartphone camera technology.

5) GIC, Singapore’s sovereign wealth fund, has invested £90 million in the UK’s OakNorth for a stake of just under 10%. OakNorth is the company behind the fintech platform ACORN machine.

6) UK tech unicorn Skyscanner has acquired Twizoo, a London-based user generated content business. Skyscanner will seek to use Twizoo’s social content integrations to bolster hotel reviews and recommendations.

7) Berlin-based Neufund has raised 10 million euros from private investors for its fund-raising platform, the first ever that will allow companies to issue a token or digital currency that will represent equity.

8) Contraceptive app Natural Cycles has raised $30 million to expand globally. The Series B round was led by EQT Ventures alongside previous backers Sunstone Capital, E-ventures, and Bonnier Growth Media.

9) A planned $1 billion Apple data center is in doubt after Irish Prime Minister Leo Varadkar said CEO Tim Cook would no longer commit to it, adding that Dublin would do whatever necessary to get it built.

10) ProSiebenSat1's Verivox has acquired Munich-based aboalarm.

Bonus link: Europe's venture capitalists are closing the gap with Silicon Valley (WEF)

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