Happy Friday!
This week, our research team tracked more than 60 tech funding deals worth almost €700 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) Unbabel, the AI+human translation platform, has raised a $60 million Series C round, led by Point72 Ventures, along with e.ventures, Greycroft, and Indico Capital Partners. The latest investment is nearly three times the $23 million Series B raised in 2018, bringing the company’s total funding to $91 million.
2) Shares in TeamViewer started trading on the Frankfurt stock exchange on Wednesday, after the German software company pulled off the biggest initial public offering in Europe this year. The final offer price of €26.25 a share was at the upper end of the range announced by the company’s banks this month, valuing TeamViewer at €5.25bn.
3) Berlin-based early-stage investor Project A announced their third fund of €180 million, bringing its management assets up to €440 million. The new fund will allow Project A to continue investing at the seed and Series A stages in key areas of European innovation, such as fintech, digital health, proptech, and industry 4.0.
4) BlaBlaCar, the world’s leading long-distance carpooling platform, announced that it has offered to acquire Busfor, Russia and Ukraine’s largest online bus ticketing platform.
5) Germany-based car subscription service Cluno announced that it has raised €140 million in debt financing.
6) Transport for London has delivered another blow to Uber after giving the taxi company a two-month private hire licence to operate in the city, meaning it will have to reapply in November.
7) Kheiron Medical Technologies, a UK-based applied science company focused on innovating cancer diagnostics through machine learning, announced a $22 million Series A round led by Atomico with participation from existing investors Connect Ventures, Greycroft, Hoxton Ventures and EXOR Seeds.
8) Fidel has announced an $18 million Series A round, its first major funding to make card payment data both more secure and more accessible, so that the fintech ecosystem can develop faster. The round was led by US-based fintech funds Nyca Partners and QED Investors.
9) UK-based Funderbeam, the trading platform to buy and sell equity in private companies, has obtained new financial licenses from the Monetary Authority of Singapore (MAS). The two licenses, one for Capital Market Services and the other as a Recognised Market Operator, facilitate the platform’s next stage of growth: the creation of a global secondary market for private businesses across Europe and Asia.
10) Basque-based startup Lookiero, a personal shopping startup, has raised €17 million in funding led by MMC Ventures, with participation from existing investor All Iron Ventures, and new investors Bonsai Partners, 10x and Santander Smart.
Podcast: tech.eu Podcast #136: Apple’s back taxes in Ireland, Macron’s €5 billion pledge, flying water taxis, interview with Tattoodo’s Johan Plenge, and more
Bonus link: Danish startup Trustpilot has become the beating heart of online business (Sifted)
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