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 €500 million, as well as more than 15 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) The EU’s bid to overhaul its two-decade old copyright rules cleared its final hurdle on Monday as EU governments backed the move forcing Google to pay publishers for news snippets and Facebook to filter out protected content.

2) Vimeo, the IAC-owned platform for hosting, sharing and monetising streamed video, has acquired Magisto, a startup founded in Israel that focuses on providing tools to over 100 million users to create and edit short-form videos. Terms of the deal were not disclosed but Globes sources estimate that Vimeo is paying $200 million.

3) Sweden's Klarna has raised $93 million from existing investors and is gearing up for an IPO.

4) Facebook and Instagram face limits on letting under-18s "like" posts on their platforms while Snapchat could be prevented from allowing the age group to build up "streaks", under new rules proposed by the UK's data watchdog.

5) The European Parliament passed a new set of regulations aimed at curtailing the power of digital platforms operated by tech giants like Amazon, Google, Apple, and Facebook. While the final vote tally has not been published, the measures were adopted in a Wednesday afternoon session

6) Tel Aviv and NYC-based end-to-end event platform Bizzabo has announced the close of a $27 million Series D funding round. The investment is led by Viola Growth, along with new investor Next47 as well as existing investors and participation from Pilot Growth, which led the company’s previous round.

7) Stripe has acquired Irish start-up Touchtech Payments for an undisclosed sum. Touchtech is a Dublin-based software company that provides advanced strong customer authentication (SCA) technology for financial institutions.

8) Cytora, a British startup that provides AI-powered products for the commercial insurance industry, has landed £25 million in a funding round led by EQT Ventures, with participation from Cambridge Innovation Capital, Parkwalk, and several angel investors.

9) Facebook has announced the closure of person-to-person (P2P) payments made over Facebook Messenger for users in the United Kingdom and France. The service will shut its doors on 15 June 2019.

10) The European Investment Bank (EIB) has announced that it will lend €100 million to Dutch and German small and medium enterprises through the Funding Circle peer-to-peer business loans platform. The bank expects this investment to support more than 2,000 startups and small businesses, based on the average loan amount of €40,000 to €70,000.

Podcast: Podcast #114: The UK wants to tackle “online harms”; telemedicine on the rise; events in May; Spotify and the music industry; interview with Tick’s Jessica Butcher


Sesame Summit Interview Special: Christian Lindener (Wayra Germany); Marina Ekroos, (Frameright); Javier Mateo Garcia (Valencia Activa)

Bonus link: Inside Nokia’s factory of the future: Robots, data, automation, 5G, and even some humans (Venturebeat)

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