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 41 tech funding deals worth more than €127 million, as well as 7 M&A transactions and 1 ICO across Europe, Israel, and Turkey.

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) The end of geo-blocking as we know it? The EU this week agreed a plan obliging online retailers operating in the bloc to make electrical goods, concert tickets or car rental available to all EU consumers regardless of where they live.

2) Ten years on: Seedcamp has announced a new £41 million seed fund, double the size of its last.

3) UK Budget courts tech sector with $663 million in investments in AI, 5G networks and more.

4) The Federal Antimonopoly Service of the Russian Federation has approved the Yandex-Uber plan to merge their respective taxi service activity in the country.

5) TransferMate, a payments company based in Dublin, has raised €30 million from Allied Irish Bank (AIB). The minority stake investment, which is awaiting approval from the Central Bank of Ireland, reportedly values the company at €250-€300 million.

6) Google said it has bought a plot of land in southern Denmark adjacent to a planned Apple data center to make sure it has the option of building one there too.

7) IoT startup Moeco has raised an investment of $5 million from blockchain company Bitfury. Moeco, which has offices in Berlin and San Francisco, uses the blockchain to build its IoT data routing platform and will now be implementing Bitfury’s Exonum protocol.

8) UK-based challenger bank Revolut has notched up more than one million customers, charging past the mark after less than three years in business.

9) Digital health startup Oviva has announced a funding round of $12 million from Albion Capital, Eight Roads Ventures, F-Prime Capital Partners, Partech Ventures, and Walking Ventures.

10) Israel says apartments rented out through Airbnb will face taxation soon.

Bonus link: Report: European ICOs have raised $637 million this year but lag behind the US.

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