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 Friday!

This week, our research team tracked more than 50 tech funding deals worth over €600 million, 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) London-based Blockchain, a top European cryptocurrency business backed by Google and Sir Richard Branson, is raising $50 million to invest in startups.

2) Maria 01, the Helsinki, Finland-based startup campus, has kicked off massive expansion plans and announced a new chief executive officer to make good on its plans to become the largest startup campus in Europe (that’s right, in an effort to rob that title away from Paris-based Station F).

3) Madrid-based Soto Solar develops and invests in subsidy-free, large-scale, ground-mounted solar PV projects. It has now raised €100 million from a group of international private wealth investors in exchange for 50% of the company’s shares.

4) India’s Oyo has acquired Copenhagen-based data science firm Danamica as the fast-growing lodging startup works to expand its business in Europe. Neither of the parties disclosed financial terms of the deal, but a source familiar with the matter told TechCrunch that Oyo paid about $10 million to acquire the Danish firm.

5) The Czech-founded, pan-European challenger bank Twisto has raised €14 million as part of its Series B round of funding. William Reeve, a co-founder of LOVEFiLM and Secret Escapes, has participated in the round alongside Finch Capital, Velocity Capital, ING Ventures, UNIQA Ventures and ING Bank Slaski.

6) London, UK-based Railsbank, which operates an open banking and ‘regtech’ platform, has raised $10 million in a Series A funding round led by Moneta Capital and joined by CreditEase, Clocktower Technology Ventures, Singapore Life and prior backers, including Firestartr.

7) Berlin-based Delivery Hero, one of the biggest online food ordering and delivery marketplaces in the world, has made a small acquisition in Cyprus to expand its footprint.

8) Singapore-based Clermont Group has completed the acquisition of a 70% equity stake in Israeli electric aircraft development company Eviation.

9) Digilinx, the French holding company of LesBigBoss, which is in turn the company behind a series of events and dinners bringing together digital decision-makers, has raised €18 million to gun for leadership in the European B2B event space.

10) Manchester-based Arctic Shores has secured a $5.5 million Series A investment to accelerate its international expansion. The investment was led by Beringea with participation from existing shareholders, including Candy Ventures.

Podcast: Podcast #133: New developments in France’s digital tax, Acast and EIB loans, VCs’ coverage of Europe, interview with Public’s Daniel Korski, and more

Bonus link: Growing up: Inside Infarm’s plans to feed the world (EU-Startups)

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.