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 61 tech funding deals worth more than €372 million, as well as 15 M&A transactions, 1 IPO, 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) Europe's highest court, the EU Court of Justice, on Wednesday ruled that Uber is a transport service, not an information service and must thus comply with the region’s tough transportation rules; the decision means EU states can use national laws to regulate Uber.

2) France’s data privacy watchdog may fine messaging app WhatsApp if it does not comply with an order to bring its sharing of user data with parent company Facebook into line with French privacy law.

3) Robert Bosch Venture Capital (RBVC), the venture capital arm of electronics multinational Bosch, is taking a bet on crypto by investing in tokens from the IOTA Foundation, an open-source non-profit foundation building distributed ledger technology. No figures have been disclosed.

4) Israeli AI analytics company Anodot has secured an additional $15 million for its Series B round which now stands at $23 million. Redline Capital Management led this tranche of funding with participation from Aleph Venture Capital and Disruptive Technologies Venture Capital.

5) Automotive giant Daimler has acquired a majority stake in French ride-hailing app Chauffeur Privé. No terms for the deal have been disclosed. Founded in 2011, the French Uber rival has 1.5 million users and 18,000 drivers, operating in Paris, Lyon, and at the Côte d’Azur. The startup raised €5 million in 2015 from Xange and CM-CIC Capital Prive.

6) Berlin-based VC Fly Ventures has closed a $41 million fund that uses AI and machine learning to find young startups to invest in.

7) UK AI startup DigitalGenius, which makes software for customer service use cases, has raised $14.75 million. The Series A round was led by Global Founders. A number of other funds participated in the round: MMC Ventures, Paua Ventures, Salesforce Ventures, Runa Capital, RRE Ventures, Lumia Capital, Compound, and Lerer Hippeau Ventures.

8) British homes and businesses will have a legal right to high-speed broadband by 2020, the government has announced, dismissing calls from the network provider BT that it should be a voluntary rather than legal obligation on providers.

9) German company Software Quality Systems (SQS), a provider digital quality assurance services, is being acquired by French firm Assystem Technologies for £281.3 million.

10) The French government has filed a complaint with the Paris Commerce Court against e-commerce company Amazon for abusing its dominant position with some suppliers.

Bonus link: How Armenia’s startups are steadily getting on the European tech radar.

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