Last week, we tracked 77 tech funding deals worth more than €485 million, as well as 14 M&A transactions 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) Korea's Pearl Abyss, maker of Black Desert Online, has acquired Icelandic CCP, maker of Eve Online. CCP will continue to operate as an independent studio with operations in Reykjavik, Shanghai, and London. The sale price is $425 million.
2) Funding Circle, a UK-founded peer-to-peer lending platform for small businesses, has announced its intention to raise £300 million by listing on London Stock Exchange. The IPO would value the company at up to £2 billion, the Financial Times reported earlier this year.
3) Berlin-based IoT startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal that values the company at $300 million.
4) UK challenger bank OakNorth has raised an additional $100 million for a 4.3% stake in the company. The money will be used to drive the bank’s growth globally and to continue building the business in the UK.
5) Quotas obligating Netflix, Amazon and other streaming services operating in the European Union to dedicate at least 30% of their on-demand catalogs to local content are set to become enshrined in law soon.
6) Vinted, a European marketplace for used clothes and accessories, has quietly raised 50 million euros in funding. Sprints Capital led the round with participation from return backers Insight Venture Partners and Burda Media.
7) Sky, a major European entertainment content company, has announced an increase in its investment footprint across the region with a $4 million investment in Israeli VC firm Remagine Ventures and a new office in Berlin. The team at the new office is expected to scout startups across Germany and the Nordics.
8) Estonian ride-hailing company Taxify launched its new brand of e-scooters, called Bolt, in Paris.
9) German location marketing company Uberall has acquired an Amsterdam-based location data management startup Navads for an undisclosed amount. Uberall also extended the Series B funding round it announced in February by $25 million, bringing the total amount to $50 million.
10) The Netherlands-founded startup Hardt Hyperloop has raised “up to €5 million” from InnoEnergy, a long-term public-private partnership supported by the European Institute of Innovation and Technology (EIT). The investment is part of a bigger funding round that Hardt Hyperloop has yet to close.
Bonus link: Beyond Spotify and iZettle: How Sweden became Europe’s capital of startup exits (Venturebeat)