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 40 tech funding deals worth more than €380 million, as well as a bunch of 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) Mirakl, a Paris-based software company that develops e-commerce solutions for corporate and retail clients, has secured $70 million in series C financing led by Bain Capital, with participation from existing investors 83North, Felix Capital, and Elaia Partners. That brings the startup’s total raised to $100 million.

2) The US-based data analytics firm Qlik is acquiring Attunity for $560 million. The Israel-based Attunity deals in data integration and big data management software solutions.

3) The CFO of Revolut has resigned as the fintech unicorn makes headlines for all the wrong reasons, with allegations arising over serious lapses in money laundering controls and dodgy hiring practices. According to the Telegraph, chief financial officer Peter O’Higgins - who joined in 2016 after 12 years at JP Morgan - left Revolut this week.

4) Experian, the world’s biggest credit data firm, said on Wednesday that it had agreed with UK-based rival ClearScore to abandon their proposed merger, after Britain’s competition watchdog indicated that it may block the deal.

5) The US-based VC firm Sequoia Capital has led a $42 million funding round in Tessian, a cybersecurity startup headquartered in London; Latitude, Balderton Capital, and Accel also participated in the round.

6) Walmart, the world’s biggest brick-and-mortar retailer, has acquired Israel-based Aspectiva, a startup whose AI-based technology analyses user-generated content, like customers’ product reviews, and combines it with a shopper’s browsing behaviour to make product suggestions to shoppers both online and in stores.

7) Blossom Capital, a London-headquartered VC fund launched by ex-Index Ventures and LocalGlobe investor Ophelia Brown, has raised $85 million to invest in early-stage startups across Europe. The firm’s other partners are ex-Index Imran Ghory, former CTO of Deliveroo Mike Hudack, and Louise Samet, former head of the technical sales team at Klarna.

8) Berlin-based esports organization G2 Esports announced Tuesday it raised $17.3 million in a Series A funding round, bringing its total outside backing to $24.6 million.

9) British fintech process automation startup Nivaura has landed a $20 million funding round led by London Stock Exchange Group, with participation from Allen & Overy, Linklaters, Santander InnoVentures, and Transamerica Ventures.

10) Copenhagen-based VC firm The Nordic Web Ventures has raised its second fund to invest in pre-seed and seed-stage startups across the Nordics. The exact size of the fund has not been disclosed, but the firm plans to make some 20 investments from it over the next 1.5–2 years, with an average check of $50,000 to $75,000.

Podcast: tech.eu Podcast #107: Multi-modal mobility; UK goes gangster on Facebook; Europe and Japan get closer; interview with H-FARM’s Riccardo Donadon; and more

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tech.eu Interview Special: Nils Mattisson from Minut and Julia Grace from Slack

Bonus link: London is home to more billion dollar tech businesses than anywhere else in Europe (Yahoo Finance UK)

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