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 Sunday!

This week, our research team tracked more than 70 tech funding deals worth over €800 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) This week, President-elect Ursula von der Leyen presented her team and the new structure of the next European Commission. Sylvie Goulard (France) will lead its work on industrial policy and promote the Digital Single Market; Mariya Gabriel (Bulgaria) gets the ‘Innovation and Youth' portfolio, while Executive Vice-President Margrethe Vestager (Denmark) will coordinate the whole agenda on "a Europe fit for the digital age".

2) German air taxi startup Volocopter raised €50 million ($55.3 million) in a funding round led by Geely, the Chinese parent company of Volvo Cars.

3) France has said it will block the development of Facebook’s Libra cryptocurrency as it poses a threat to “monetary sovereignty”.

4) Germany will finally get another major listed tech company when software maker TeamViewer completes a 2.3 billion-euro IPO this month - the biggest in the industry in almost two decades.

5) Sonovate, a UK-based fintech provider, has raised £110 million through its latest debt and equity financing round.

6) Israel open source security platform developer Snyk has raised $70 million led by Accel and with the participation of previous investors GV and Boldstart Ventures.

7) Google agreed to pay close to 1 billion euros to French authorities to settle a fiscal fraud probe that began four years ago.

8) Spotify has acquired SoundBetter, a music production marketplace for artists, producers, and musicians to connect on specific projects; and for people who are looking to distribute music tracks to those who want to license them.

9) JobTeaser, the graduate recruitment and career guidance platform, has raised £45 million in new funding to help it expand its careers service to more students across the UK and Europe. The investment is led by Highland Europe, with continued backing from existing investors Alven, Idinvest Partners, Seventure Partners and Korelya Capital.

10) Spendesk, the spend management platform for small to mid-sized businesses, has announced it has raised €35 million in a Series B round led by Index Ventures.

Podcast: Podcast #134: Maria 01’s big ambitions, mobility industry update, Fairphone 3, interview with Ditte Rude Moncur of the Danish Growth Fund, and more

Bonus link: From Communism To Coding: How Daniel Dines Of $7 Billion UiPath Became The First Bot Billionaire (Forbes)

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