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 70 tech funding deals worth over €1.2 billion, as well as some 15 M&A transactions, rumours, 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) Amsterdam-based Tiqets, the platform for booking tickets to museums and other cultural attractions, has announced a $60 million Series C round, led by Airbnb with support from prior investors HPE Growth Capital and Investion.

2) Sberbank, Russia’s state-controlled financial giant, intends to purchase a $170 million stake in Group. The deal will see Sberbank buy into a company called MF Technologies, which owns a majority of Mail.Ru’s voting rights, from Gazprombank — another state-owned Russian financial outfit.

3) London-based VC firm Frog Capital has announced the first close of its second scale-up fund, which is expected to accumulate over €150 million.

4) Tired of its businesses turning to foreign cloud-computing providers such as the Google, Microsoft and Amazon, the German government is leading the push for a European cloud network called Gaia-X, which is meant to ultimately strengthen the competitiveness of European industry on international markets.

5) UiPath has fired “just under 400 employees”, according to a company spokesperson. The Romania-born player in the RPA market attracted $568 million in Series D funding earlier this year.

6) IDnow, German provider of Identity Verification-as-a-Service (IVAAS), has raised a $40 million funding round from Corsair Capital. The Munich-based tech company develops AI-powered identity verification solutions for enterprise businesses.

7) Berlin-based Omio (formerly known as GoEuro) has acquired multimodal travel veteran Rome2rio as it works on building out a global travel aggregator business, having taken the decision to zoom out from its home market of Europe earlier this year.

8) Duffel, a British travel tech company, has raised a $30 million Series B to grow its platform and change the infrastructure behind online travel booking. The round was led by Index Ventures and joined by Benchmark Capital and Blossom Capital.

9) Prophesee, the Paris-based company developing computer vision technology, has raised a $28 million Series C, led by European Investment Bank with participation from iBionext, 360 Capital Partners, Robert Bosch Venture Capital, and Supernova Invest.

10) Duality Technologies, the US-Israeli company providing privacy-preserving data analysis tools, has announced a $16 million Series A led by Intel Capital with support from Hearst Ventures and existing investor, Team8.

Podcast: Podcast #140: Volocopter’s air taxi ambition, Startupbootcamp and public exchange, sauna parties at tech events, interview with Seedcamp’s Carlos Espinal

Bonus link: What’s driving Europe’s new aggressive stance on tech (Politico)

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