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 77 tech funding deals worth more than €535 million, as well as 16 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). Here’s an extra overview of the 10 biggest European tech news items for this week:

1) The EU is fining Qualcomm €997 million for abusing its market dominance, says it paid Apple to buy LTE baseband chipsets from Qualcomm exclusively, which is against antitrust rules in the bloc.

2) Spain-based ride hailing app maker Cabify has raised another $160 million to compete more efficiently against Uber and others. The company is now valued at $1.4 billion after raising the new round, which comes from Rakuten, The Venture City, Endeavor Catalyst and GAT Investments, among others.

3) Russian tech giant has acquired e-sports company ESforce for $100 million. The all-cash deal will see purchase 100% of the Moscow-based company.

4) Venture capital firm DN Capital has announced the close of its fourth fund at €200 million to invest in seed and Series A rounds. The firm will back SaaS, fintech, and health startups among others through the oversubscribed fund.

5) France's business communications app Front has raised $66 million led by Sequoia Capital with DFJ participating in the Series B round.

6) Facebook has announced several new initiatives to provide digital skills training to one million people in the EU by 2020. The 'Community Boost EU' program will provide skills and assistance to help European startups and SMBs to grow and expand. The tech giant is opening new community skills hubs in Spain, Poland, and Italy and investing €10 million in an artificial intelligence research centre in France, which will grant scholarships to up to 40 PhD fellows.

7) French ridesharing app Heetch, which relaunched late last year, has announced a new funding round of $20 million from Felix Capital, Via ID, Alven, ID-Invest, and InnovAllianz.

8) Polish education technology company Brainly has acquired Bask, a New York-based edtech startup.

9) Israeli car tech firm Nexar has raised $30 million led by Ibex Ventures with participation from new and existing backers Alibaba Innovation Ventures, Nationwide Insurance, Aleph, Mosaic Ventures, Slow Ventures, True Ventures, and Tusk Ventures.

10) HV Holtzbrinck Ventures, the German VC firm, has announced its seventh fund of €306 million to back young startups at the seed and Series A rounds.

Bonus link:'s European Tech Funding Report for 2017: massive growth across the board, total annual EU tech funding is up 52.4% YoY to €25 billion across 3,400 deals.

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