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 50 tech funding deals worth more than €350 million, as well as 16 M&A transactions and 2 IPOs 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) A German consumer rights group said on Monday that a court had found Facebook’s use of personal data to be illegal because the US social media platform did not adequately secure the informed consent of its users.

2) German publisher Axel Springer, Europe’s largest publisher, has backed Magic Leap, the US augmented reality company that’s raised nearly $2 billion from Google and Alibaba.

3) The UK government has unveiled a tool it says can accurately detect jihadist content and block it from being viewed. Thousands of hours of content posted by the Islamic State group was run past the tool, in order to "train" it to automatically spot extremist material. The UK provided £600,000 of public funds towards the creation of the tool by an AI company based in London.

4) Koch Media, the German games and digital entertainment studio, has been acquired for €121 million by Swedish games publisher THQ Nordic.

5) A Belgian court threatened Facebook with a fine of up to 100 million euros if it continued to break privacy laws by tracking people on third party websites. In a case brought by Belgium’s privacy watchdog, the court also ruled on Friday that Facebook had to delete all data it had gathered illegally on Belgian citizens, including people who were not Facebook users themselves.

6) Israeli robotics company CommonSense has raised $20 million in Series A funding led by Playground Global with participation from Aleph VC and Innovation Endeavors, the early stage VC firm of former Google CEO Eric Schmidt.

7) Visa has acquired London-based SaaS company Fraedom for £142 million. The company provides expense management solutions for financial service companies.

8) Iceland is expected to use more energy 'mining' bitcoins and other virtual currencies this year than it uses to power its homes.

9) Danish-founded Vivino, the online wine marketplace, has raised $20 million in a Series C round led by SCP Neptune International, the investment firm of Christophe Navarre, former CEO of Möet Hennessy.

10) Instagram has blocked posts in Russia relating to corruption claims made by the country's most prominent opposition leader. It follows a demand by the country's internet censor that the Facebook-owned service restrict access to posts on its platform connected to allegations made by Alexei Navalny.

Bonus link: Sweden’s Karma is on a mission to put an end to food waste

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