Happy Friday!
This week, our research team tracked more than 75 tech funding deals worth over €1.9 billion, as well as some 15 M&A transactions and related news stories across Europe, including Russia, Israel, and Turkey. Meanwhile, here's an overview of the 10 biggest European tech news items for this week:
1) Signavio, a Berlin- and New York-based provider of business transformation solutions, has closed (pending regulatory approvals) a $177 million growth equity round led by Apax Digital, with participation from DTCP.
2) Soldo, a London-based fintech start-up that secured an e-money licence from the Central Bank earlier this year, has secured $61 million in funding in a round led by Battery Ventures and Dawn Capital.
3) Private equity group Bridgepoint is buying a majority stake in Israeli software testing firm Qualitest from Marlin Equity Partners, the companies have announced. No financial terms were disclosed but a source close to the deal told Reuters that it was at a company value of $420 million.
4) Bolt, the Estonian ridesharing, scooter and food delivery company formerly known as Taxify that operates across Europe and a number of emerging markets, has completed the first tranche of its latest round of funding. The equity injection bumps up the valuation of the company to over $1 billion, money that Bolt plans to use to fuel its international growth.
5) Wind Mobility, the Berlin and Barcelona-based micro-mobility startup that operates e-scooter rentals in Europe, Israel and Asia, has raised $50 million in Series A funding. The new round is backed by existing investors.
6) The UK's Financial Conduct Authority has proposed banning the sale of crypto-derivatives and exchange traded notes.
7) Landbay, a UK-based specialist marketplace lending platform for residential buy-to-let mortgages, has signed a £1 billion funding agreement with a large, unnamed institutional investor.
8) US President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.
9) A group of leading car manufacturers, suppliers, tech and transportation companies have joined a consortium of investors backing Tel Aviv, Israel-based Maniv for the closing of a mobility innovation-focused fund. Maniv closed its second venture fund with $100 million in commitments from the likes of Alliance Ventures (the strategic investment arm of Renault-Nissan-Mitsubishi), Aptiv, BMW i Ventures, Hyundai Motor Group, LG Electronics, Shell Ventures, Lear Corp and Valeo.
10) Paris-based Sinequa, which offers AI-powered search and analytics solutions, has raised $23 million in a financing round led by PE firm Jolt Capital and joined by prior backer Troismer.
Podcast: tech.eu Podcast #125: Even more money for e-scooters, what’s up with Atomico's Angel Programme, future of podcasting, interview with Sara Usinger, and more
Bonus link: The future of EU-US data transfers is on the line (Connected Rights)
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