These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week

Happy Saturday!

This week, our research team tracked more than 30 tech funding deals worth €500 million, 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) London-based LendInvest announced that it has secured a £200 million investment from the National Australia Bank and supported by the UK’s HM Treasury. The company, which bills itself as the UK’s leading online marketplace for property finance, has now raised over £1.8 billion in debt and equity funding from investors to date.

2) Israeli aesthetic medical device company InMode has raised $70 million in its Nasdaq IPO. The company sold shares at $14, at the lower end of the range it was seeking, reflecting a valuation of $450 million, after money.

3) Peak Capital has launched its fourth fund with €66 million in committed capital and strengthened its team with Jacqueline van den Ende, formerly of HAL Investments and Rocket Internet. The new fund dubbed “A Jump to New Heights” aims to invest in 20 fast-growing European marketplace, platform, and SaaS companies.

4) App-based food delivery service Deliveroo said on Monday that it would no longer operate in the German market. The company has not ruled out returning to Germany in the future, but said it is pulling out on the 16 August "as the company doubles down on growth in other markets around the world."

5) Energy Vault, a Lugano, Switzerland-based creator of renewable energy storage products, has completed a $110 million Series B funding round. The round was led by SoftBank Vision Fund. day. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors.

6) Google’s fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behaviour has fuelled its rise and cost them users and profits.

7) German classifieds group Scout24 said on Tuesday it would explore a sale or spin-off of its autos platform and borrow more to buy back shares, after facing calls from activist investor Elliott to boost shareholder returns.

8) vCita, a cloud-based management solution for small businesses, has officially acquired the email signature startup WiseStamp. The acquisition happened shortly after the Israeli company completed a $15 million funding round led by Forestay Capital.

9) Dostavista, a Russian same-day delivery service operating globally, has raised $15 million in a Series B funding round led by Vostok New Ventures to focus on product, marketing, and sales.

10) Manchester, UK-based delivery software business Sorted has raised £15 million in a Series B funding round led by Merian Chrysalis and joined by Praetura Ventures and NVM Private Equity.

Podcast: Podcast #130: FlixMobility and Klarna raise a lot of money, used-car marketplaces are hot, e-scooter fishing, interview with Klarna’s Sebastian Siemiatkowski, and more

Bonus link: Fast, not so furious? Europe wrestles with electric scooters (AP)

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