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 43 tech funding deals worth more than €661 million, as well as 10 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 this week:

1) Deezer, the Paris-based competitor to Spotify, Apple Music, and Amazon’s Music Unlimited offering, has raised €160 million in fresh funding at a valuation of more than €1 billion. Some of the new investors in this round include parent Access Industries, as well as Orange, LBO France, and Kingdom Holding Company and Rotana Group.

2) T-Mobile US has named Nokia to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far.

3) German manufacturing giant Siemens said Wednesday it will pay nearly $700 million to acquire Mendix, an enterprise software company that was born in the Netherlands in 2005 and moved its headquarters to Boston in 2012.

4) Grover, the Berlin-based startup that offers “pay-as-you-go” subscriptions to the latest consumer tech as an alternative to owning products outright, has raised €37 million in funding. The Series A round was led by Circularity Capital with participation from fintech investor Coparion, Samsung NEXT, and Varengold Bank.

5) The Amsterdam-based online food delivery company is acquiring the Israeli food firm 10bis for €135 million in cash to expand into business-to-business (B2B) services.

6) Belgian startup Teamleader, a CRM, project management and invoicing platform, has closed a Series C funding round of $22 million. The round was led by London-based Keen Venture Partner, with participation from existing investors Fortino Capital and Sage Capital, and new investor PMV. Founded in 2012, nearly 10,000 customers in six countries are now using Teamleader, mostly SMEs.

7) Israeli real estate investment startup Skyline AI raised $18 million in Series A funding. The round was led by Sequoia Capital and TLV Partners, with participation from JLL Spark, a division of real estate investment management firm JLL.

8) Spanish taxi drivers ended a six-day strike late on Wednesday after the government agreed to set tough limits on licenses for online ride-hailing companies including Uber, the latest setback for a company that has faced protests in many countries.

9) Vienna-based pre-seed venture capital fund Pioneers Ventures, which was founded in 2015 by Pioneers and Speedinvest, has a new structure. Speedinvest is taking over more than thirty of Pioneers Ventures’ existing investments in business tech, consumer tech, fintech, and healthtech, and integrating them into its portfolio. The current Pioneers Ventures management team will also move to Speedinvest and will lead the newly-created pre-seed unit.

10) French schoolchildren will have to leave their smartphones switched off or at home as the new academic year begins in September, after lawmakers voted for a ban on Monday.

Bonus link: Macron wants to rein in Silicon Valley, from Brussels (Politico)

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