These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week

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Happy Sunday!

This week, we tracked 57 tech funding deals worth more than €200 million, as well as 12 M&A transactions and 1 IPO 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 music group of China’s Tencent and Sweden’s Spotify are in talks to swap stakes up to 10 percent in each other’s businesses ahead of their expected public listings next year.

2) Here, the mapping company that powers location services in 100 million cars, is buying Advanced Telematic Systems (ATS), a Berlin-based developer of secure over-the-air (OTA) technology.

3) France’s Doctolib, a platform for booking doctor appointments, has raised €35 million from state-backed investment bank Bpifrance and Eurazeo.

4) Chinese e-commerce giant Alibaba, which is listed on the New York Stock Exchange, is to acquire Israel-based personalized QR code startup Visualead in a deal estimated to be worth tens of millions of dollars.

5) VC firm Balderton Capital has announced its new $375 million fund to invest in European tech companies at the Series A stage. The fund is backed by new and existing investors.

6) Senior police officers in the UK are to lose the power to self-authorise access to personal phone and Web browsing records under a series of late changes to the snooper’s charter law proposed by ministers in an attempt to comply with a European court ruling on Britain’s mass surveillance powers.

7) Finnish virtual reality startup Varjo has announced a new investment of $6.7 million from Tekes, Finland’s public agency for funding innovation projects.

8) Chinese accelerator programme COMB+ and the Beijing Institute of Collaborative Innovation (BICI) have launched a new €65 million fund to invest in artificial intelligence startups that are trying to enter the Chinese market. The fund will operate out of Helsinki and will invest in European startups.

9) Deposit Solutions, a German fintech company, has raised $20 million in a round led by e.Ventures and Greycroft, both existing shareholders.

10) The Nordic Web, founded by Neil Murray (formerly of tech.eu), has announced its first fund to invest in early-stage Nordic startups. The Nordic Web Angel Fund is backed by more than 50 investors and entrepreneurs, many of which have direct relationships with investing in and supporting Nordic tech companies.

Bonus link: The State of European Tech 2017: Record funding and an intensifying battle for talent

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