These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week

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Happy Friday!

This week, our research team tracked over 50 tech funding deals worth more than €700 million, as well as several 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 this week:

1) German fintech startup N26 has raised a Series D funding round of $300 million led by Insight Venture Partners, with participation from Singapore’s sovereign wealth fund GIC and existing investors, including Earlybird VC. This round brings the total amount of funding attracted by the company to over $500 million.

2) US-based IT services company DXC Technology has reached a definitive agreement to acquire Luxoft, a custom software development company founded in Russia and currently headquartered in Switzerland, for $2 billion in an all-cash deal.

3) French-founded HR tech company Talentsoft has raised $50 million in a funding round led by Francisco Partners, with participation from Bpifrance and Goldman Sachs. The company plans to use the funding to accelerate its international expansion.

4) Chinese e-commerce giant Alibaba has acquired Berlin-based data Artisans. According to Deutsche Startups, the price of the deal was set at €90 million. Founded in 2014 by the creators of the open-source stream processing framework Apache Flink, data Artisans uses it to deploy large-scale data processing solutions for enterprises.

5) Amazon has acquired Israeli disaster recovery startup CloudEndure for around $200 million.

6) Estonian-founded and London-headquartered fintech company TransferWise has applied for a financial license and opened a new office in Brussels. In case of a no-deal Brexit, the banking license received in Belgium would ensure that TransferWise would be able to continue operating in the European Union thanks to what’s known as “passporting” of financial services.

7) The “right to be forgotten”, which enables claimants to request the removal of links to irrelevant or outdated online information about them, should not be enforceable globally, the European court of justice (ECJ) has found in a preliminary opinion.

8) Spanish proptech company Badi, which helps (mostly young) people find a place to live – and people to live with – in a couple of major European cities, has raised $30 million to spur growth, bringing its total to $45 million. The funding round was led by Silicon Valley VC GoodWater Capital and joined by Target Global, Spark Capital and Mangrove Capital.

9) Israel-based healthcare fund aMoon II has received commitments of $600 million from investors and aims to raise up to $750 million by its close in February. The fund is investing in mid- to late-stage companies in digital health, medical devices and biopharma in Israel, the United States and Europe.

10) A change in Unity Technologies' terms of service has left Unity games created using UK startup Improbable's SpatialOS platform under threat.

Podcast: tech.eu Podcast #100: Five-year anniversary special with Roxanne Varza, Robin Wauters, Alex Barrera, and Jon Bradford

Bonus link: Station F in Paris: Inside the world’s largest start-up campus (CNBC)

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