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 80 tech funding deals worth over €3 billion, as well as more than 20 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) Delivery Hero has raised €2.3 billion to finance its acquisition of South Korea's Woowa.

2) Grover, the Berlin-based company creating a circular economy for consumer electronics, has increased an existing €55-million debt facility with Varengold Bank to a total of €250 million.

3) Hyundai and Kia Motors have announced a €100 million investment in UK-based electric vehicle company Arrival. The investment marks the start of a strategic partnership between the automakers to jointly accelerate the adoption of commercial electric vehicles globally.

4) Felix Capital, the London-based VC focused on tech that assists creativity, community and lifestyle, has raised $300 million for its third fund. The firm also announced three senior appointments to its management and advisory board.

5) Bolt is building a ride-hailing, scooter and food delivery business across Europe and Africa, and the Estonian scale-up has just picked up €50 million from the European Investment Bank to continue developing its technology and safety features.

6) Google has acquired a small Irish retail tech startup called Pointy that allows people to check what their local shops currently have in stock, for an undisclosed amount.

7) Getir, a Turkish startup offering ultrafast deliveries, has secured almost $40 million in funding from a group of investors led by the Silicon Valley venture capitalist Michael Moritz, in a boost to Turkey’s nascent tech scene.

8) French mobile payment startup Lydia is raising a $45 million Series B round; Tencent is leading the round with existing investors CNP Assurances, XAnge and New Alpha also participating.

9) Nanox, an Israeli medtech innovating medical imaging devices and software, has secured a $26 million funding round from Foxconn.

10) Funnel, a Swedish platform for marketing data analysis, has raised a $47 million Series B round led by Eight Road Ventures and F-Prime Capital, with support from existing investors Balderton Capital, Oxx, Zobito, and Industrifonden, as well as Kreos Capital.

Podcast: Podcast #151: KRY’s megaround, Brexit and EU R&D funding, Friend of a Friend, Luna and Blue Duck Scooters

Bonus link: The EU could temporarily ban the use of facial recognition technology in public places such as train stations, sport stadiums and shopping centres over fears about creeping surveillance of European citizens.

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