These were the 10 biggest European tech stories last week

These were the 10 biggest European tech stories this week


Happy Monday!

Last week, we tracked 56 tech funding deals worth more than €401 million, as well as 11 M&A transactions and 1 IPO across Europe, including Russia, 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 last week:

1) Index Ventures announced that it has closed a total of $1.65 billion in new funds — $1 billion that it plans to invest in later-stage, growth rounds, and $650 million that it plans to put into earlier rounds for smaller startups. Index is one of Europe’s (and America’s) more prominent VC firms, backing recent hits like Adyen, Dropbox, iZettle, and Zuora.

2) Google could face a record penalty this month from European regulators for forcing its search and Web-browsing tools on the makers of Android-equipped smartphones and other devices, potentially resulting in major changes to the world’s most widely deployed mobile operating system.

3) Germany-based fast fashion e-commerce startup Lesara has raised €30 million in funding from 3L Capital, German newspaper Handelsblatt reported. Existing investors Mangrove Capital Partners and Vorwerk Ventures also participated in the round, which brings the total amount raised by the company to more than €90 million.

4) French-German startup Doctolib that has built a popular doctor appointment platform has acquired another French company that does exactly that—MonDocteur. The deal, the amount of which has not been disclosed, puts the new group among the biggest platforms of this kind in the world.

5) Israel-based Sirin Labs unveiled on Wednesday the specs for its blockchain-based smartphone, Finney, planned to be released in November with a $1,000 price tag. The company raised $157.8 million in December in an ICO intended to finance the development of the device.

6) UK-headquartered virtual reality startup Immotion went public on Thursday at a market cap of around £20 million and plans to raise £5.75 million in funding.

7) Finnish healthtech startup Oura Health has secured a €5 million funding round led by US-based Bold Capital Partners and Finland’s Tesi. The round brings the total amount raised by the startup to €12.5 million. Oura Health intends to use the capital injection to promote its sleep improving device, the Oura ring, on the US market.

8) Israeli-founded insurtech startup Next Insurance has secured a Series B funding round of $83 million led by Redpoint Ventures with participation from existing investors including Nationwide Insurance, Munich Re, American Express Ventures, Ribbit Capital, TLV Ventures, and Zeev Ventures.

9) Paris-based AI-powered image and video production startup Meero has landed a $45 million Series B funding round led by Alven and Idinvest. The fresh capital injection brings the total amount raised by the company to over $60 million.

10) Siemens has agreed with online giant Alibaba to use the Chinese company’s cloud infrastructure to roll out its digital operating system MindSphere, the German engineering group said on Monday.

Bonus link: European tech funding starts out strong and steady in first half of 2018 (

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