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 over €1.5 billion, as well as some 10 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) Fintech startup N26 is raising $170 million a few months after raising $300 million. While it’s technically structured as a new round, the company considers today’s new funding as an extension of the Series D round, as it reaches a post-money valuation of $3.5 billion.

2) Germany’s FlixMobility (of FlixBus fame) has reportedly raised a $531 million venture capital round that values it at more than $2 billion.

3) Curve, the London-based “over-the-top banking platform,” has raised $55 million in new funding. The startup lets you consolidate all of your bank cards into a single Curve card and app to make it easier to manage your spending and access other benefits.

4) London-based SumUp, a payments technology startup, has secured a €330 million loan, backed by Bain Capital Credit, Goldman Sachs Private Capital and others to support its expansion plans.

5) Barcelona-based disruptor in the business travel sector TravelPerk has raised an extra $60 million as an extension to its Series C. The investment, bringing the total funding of Travelperk’s latest round to $104 million, will go forward new product additions and the company’s further European expansion.

6) IQ Capital, a venture capital firm focused on deep tech investments, has just announced the launch of its new $125 million Growth Opportunities Fund which will provide later-stage capital to outperforming companies in their existing venture portfolio. Along the launch comes the closing of IQ Capital’s third venture fund at $175 million.

7) MLU, Uber’s ridesharing and food delivery joint-venture with Yandex covering cities in Russia and surrounding regions, has acquired Vezet, a smaller rival, for a price that’s estimated to be in the region of $204 million.

8) Goldman Sachs and personal loan startup Lendable from the UK have reached a £200 million deal.

9) Paragraf, a Cambridge University spin-out that bills itself as a “graphene-based electronics technology company” has raised £12.8 million in a Series A round led by Parkwalk and joined by IQ Capital Partners, Amadeus Capital Partners, Cambridge Enterprise and unnamed angel investors.

10) UK-based apprenticeship startup WhiteHat has secured $16 million in Series A financing in a round led by Index Ventures with participation from Lightspeed Venture Partners and Salesforce Ventures.

Podcast: Podcast #126: Facial recognition rules in Europe, France and Britain bite back on big tech, the future of EU-US data flows, interviews with Lubomila Jordanova and Tim Schumacher, and more

Bonus link: Volocopter’s electric air taxi could be the mobility solution of the future: Q&A with co-founder Alex Zosel

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