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, and for the first time this decade, our research team tracked more than 15 tech funding deals worth more than €250 million, as well as under 10 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) Swedish television equipment company Net Insight has sold its consumer streaming business Sye to Amazon for €33 million.

2) A pioneering UK biotech startup has secured a £109.5 million lifeline after it shelved plans for a stock market float. Medtech company Oxford Nanopore raised £29.3 million of new cash and oversaw an £80.2 million sale of shares from existing investors to new ones.

3) British tech firm Receipt Bank, which claims to operate the world’s leading digital bookkeeping platform, has raised $73 million in equity and debt in a Series C funding round led by Insight Partners.

4) Volta Ventures, the venture capital firm investing in the Benelux region, announced an initial close of its second fund, Volta Ventures II, at €35 million. The fund will continue to target early-state internet and SaaS companies in Benelux, comprised of Belgium, the Netherlands, and Luxembourg.

5) German automotive supplier Robert Bosch said Thursday it has developed a sensor that lets cars “see” a three-dimensional view of the road, aiming to lower the cost of technology that could speed the development of self-driving vehicles.

6) Sleep technology firm Simba has today announced it has agreed to $24 million in investment to fund its global sleep ambitions. The latest investment, which comes as Simba achieves profitability in core markets, brings a cash injection from Cartesian Capital Group.

7) Russia’s Federal Anti-monopoly Service (FAS) has opened an investigation into hotel reservation website

8) Madrid and Mexico-based fleet management startup Pulpomatic has raised €5 million from Swanlaab Venture Factory and Mexico Ventures.

9) France's Shipfix, a relatively new startup aiming to drag the dry cargo shipping industry into the digital age, has raised $4.5 million in seed funding. Leading the round is Idinvest Partners, with participation from Kima Ventures, The Family, Bpifrance and strategic business angels.

10) London-based fintech startup Omnio has announced closing a private placement, raising €15 million. Omnio, founded in 2018, specialises in the delivery of banking and payment solutions for businesses.

Podcast: Podcast #149: Takeaway delivery drones, GDPR in Ireland, decade in failures, and more

Bonus link: Europe’s Top Investors Reveal What’s Next For European Tech In 2020 (Forbes)

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