These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week


Happy Friday!

This week, our research team tracked over 70 tech funding deals worth more than €800 million, as well as more than 20 M&A transactions across Europe, including Russia, Israel, and Turkey.

We listed every single deal in our weekly newsletter. Here’s an extra overview of the 10 biggest European tech news items for last week:

1) Swedish electric scooter startup VOI Technology has raised $50 million in a Series A funding round led by Balderton Capital, with participation from Vostok New Ventures, LocalGlobe, and Raine Ventures, as well as several angel investors. The company, which already operates in Stockholm, Madrid, Zaragoza, and Malaga, plans to use the money to expand to Benelux, France, Germany, Italy, Norway, and Portugal within the next few months.

2) Tictail, the Swedish tech company that offers a combination between a DIY e-commerce platform and a social shopping experience for buyers, has been acquired by its much larger, publicly-listed competitor Shopify.

3) Greek-American growth company Workable, which is building a recruiting automation platform used by an ever-increasing number of SMBs worldwide, has raised an additional $50 million. The financing round, which brings the Athens-born company’s total funding raised to $84 million, was led by London-based private equity firm Zouk Capital.

4) Google’s top news executive has refused to rule out shutting down Google News in EU countries, as the search engine faces a battle with Brussels over plans to charge a “link tax” for using news stories.

5) German fintech-focused company builder finleap has raised a €41.5 million funding round led by the Global Voyager Fund, the venture arm of the Chinese insurance giant Ping An. The deal marks Ping An’s first European investment.

6) Price comparison sites have accused Google of failing to comply with an EU ruling demanding it give other shopping services "equal treatment". The accusation comes in a letter from 14 rivals to the European commissioner for competition, Margrethe Vestager, who fined Google a record €2.4 billion for anti-competitive practices in June 2017.

7) Habana Labs, a Tel Aviv, Israel-based fabless semiconductor company, secured $75 million in series B funding. The round was led by Intel Capital, with participation from WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors.

8) Facebook has appealed against a fine imposed on it by the UK's data watchdog after the Cambridge Analytica scandal. The social network says that because the regulator found no evidence that UK users' personal data had been shared inappropriately, the £500,000 penalty was unjustified.

9) Wind Mobility, a Berlin-based mobility startup that offers “dockless” e-scooter (and electric bicycle) rentals, has raised $22 million in seed funding, throwing its hat into the ring as European competitor to Bird and Lime.

10) Berlin-based on-demand staffing platform Zenjob has raised a Series B round of €15 million led by AXA Venture Partners, a VC firm backed by the insurance giant AXA. Acton Capital Partners, Redalpine, and Atlantic Labs also participated in the round. The startup plans to use the money to further develop its platform and expand beyond Germany.

Podcast: Podcast #96: BlaBlaCar’s partnership with SNCF; what the Brexit draft agreement means for startups; interview with Draper Esprit’s Simon Cook; and much more

Bonus link: Volkswagen has said it will spend 44 billion euros on electric cars, digitalization, autonomous driving and new mobility services by 2023 as part of a push by Europe’s largest carmaker to mass produce electric cars.

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