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 more than 70 tech funding deals worth more than €760 million, as well as 11 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) Internet sites could be fined or blocked if they fail to tackle "online harms" such as terrorist propaganda and child abuse, under UK government plans. The Department for Digital, Culture, Media and Sport (DCMS) has proposed an independent watchdog that will write a "code of practice" for tech companies. Senior managers could be held liable for breaches, with a possible levy on the industry to fund the regulator.

2) London-based booking platform for salons and spas Shedul has landed $20 million in funding at a valuation of $105 million. Partech has led the round, with participation from Target Global, BECO Capital, FJ Labs, and the founder of Delivery Hero Niklas Östberg.

3) Apple faces a Dutch antitrust probe into whether it favours its own apps over rivals, weeks after Spotify asked the EU to investigate the phone maker. The Netherlands’ Authority for Consumers & Markets will examine whether Apple abuses a dominant market position "by giving preferential treatment to its own apps," it said in a statement on Thursday.

4) Spanish micromobility startup MOVO, a subsidiary of the local Uber rival Cabify, has raised €20 million in a funding round led by Mutua Madrileña, with participation from Seaya Ventures and Cabify. The company plans to use the fresh funding to expand in Argentina, Brazil, and Uruguay.

5) Facebook has changed its terms and conditions, and has clarified its use of data for consumers, following discussions with the European Commission and consumer authorities.

6) Octopus Ventures, the European venture capital firm that’s part of Octopus Group, is launching an £83 million growth fund to further invest in its most promising portfolio companies. The new fund, which is backed by a number of undisclosed institutional investors rather than individual investors, brings the total Octopus Ventures’ various funds has under management to over £1 billion.

7) Digital currency exchange Coinbase has launched a debit card in the UK to make it easier for customers to pay using cryptocurrencies. The Coinbase Card is a contactless Visa debit card that syncs directly with a user’s Coinbase account.

8) Tel Aviv-based HR tech platform Hibob has secured $20 million in funding from existing investors Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures and Presidio Ventures.

9) London-headquartered GuestReady has acquired France’s BnbLord and claims to be the largest Airbnb management company in Europe with more than 2,000 properties. It has also announced the creation of a holding company, GuestReady Group based in Switzerland.

10) Next Big Thing, an IoT and blockchain company builder based in Berlin, has raised €12 million in funding led by the insurance group Talanx, which made this investment through its subsidiary HDI Global. FinLab EOS VC fund and several private investors also participated in the round.

Podcast: Podcast #113: XING and Honeypot; new VCs in Europe; interview with The Family’s Alice Zagury; speedrunning DOOM; Elon Musk’s music; and more

Bonus link: How Spotify Saved the Music Industry (But Not Necessarily Musicians) - Freakonomics

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