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 60 tech funding deals worth more than €900 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) Wefox, one of Europe’s fastest-growing insurance technology firms, has secured $125 million in financing to expand across the region and help its customers harness “big data”.

2) Survey software vendor SurveyMonkey acquired Amsterdam-based website feedback vendor Usabilla for $80 million.

3) Fresh after raising $114 million in Series D funding, Raisin, the pan-European fintech marketplace for savings and investment products, has acquired MHB Bank of Frankfurt, its main provider of banking services in Germany. Terms of the acquisition remain undisclosed and the deal is still subject to regulatory approval.

4) Copenhagen-based reviews platform Trustpilot has landed a $55 million funding round led by Sunley House Capital Management, with participation from existing investors Vitruvian Partners, Draper Esprit, Index Ventures, and Northzone. This Series E round brings the total amount raised by the company to more than $170 million.

5) The Financial Times, a major news organisation headquartered in London, has acquired a controlling stake in The Next Web (TNW), Amsterdam-based media and digital company with a range of products and services for the tech community. The financial details of the deal were not disclosed.

6) Playfair Capital, the UK-based seed investor, has raised a new $32 million fund to continue investing in promising early-stage tech startups.

7) Berlin-based insurtech startup FRIDAY has raised €114 million in a combination of media-for-equity and equity financing. Of the total, €39 million is from a media-for-equity deal with SevenVentures and the media investor German Media Pool, while the Baloise Group, FRIDAY’s founder and majority shareholder, is investing an additional €75 million in the company.

8) Facebook has removed a network of more than 100 accounts and pages for “coordinated inauthentic behaviour” on its social networks – the first time it has done so for UK-based operations seeking to influence British citizens.

9) Voi Technology, a Stockholm-based e-scooter sharing startup, has raised a $30 million funding round from Vostok New Ventures, Balderton Capital, LocalGlobe, Raine Ventures, and new investors Project A and Creandum. This capital injection brings the total amount attracted by the company to date to $83 million.

10) The French government has unveiled a complete overhaul of the French Tech Visa for employees working for a tech company. And France is taking a contrarian stance by making it easier to come work in France.

Podcast: Podcast #108: More pressure on Revolut; e-sports scene in Europe; (very) old tech around us; blockchain phones; interview with Göran Wågström, founder and CEO of Idka

Bonus link: The final stand against Article 13 (Connected Rights)

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