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 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: 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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