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!

We sincerely hope you and yours are keeping healthy and safe. Please take care of yourself and others.

This week, our research team tracked almost 60 tech funding deals worth more than €800 million, as well as about 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) London-born identity verification startup Onfido has raised $100 million in a new round of funding. The round, which was led by TPG Growth, brings Onfido’s total funding to $200 million, according to the company.

2) Amazon has suspended its distribution activity in France after a court ruled it had to stop all non-essential deliveries during the coronavirus pandemic.

3) Trade Republic, a German neo-broker and stock trading platform, has raised a €62 million Series B round, co-led US venture capital firms Accel and Founders Fund. The fintech company plans to use the funding to expand beyond its current markets in Germany and Austria and to explore other product services.

4) The UK's competition watchdog CMA has provisionally cleared Amazon’s investment in Deliveroo, in light of a deterioration in the latter's financial position as a result of the coronavirus outbreak.

5) Taxfix, a Berlin-based automated tax software, has raised a $65 million Series C led by Index Ventures, with support from existing investors Valar Ventures, Creandum and Redalpine. The new round puts the German company’s total funding somewhere just over $100 million.

6) The European Commission has published guidance on the development of new apps that support the fight against coronavirus in relation to data protection.

7) Truphone, the London-based global mobile network provider, has raised £30 million from existing investors to further develop its eSIM software and expand business in North America and Asia Pacific. The company’s valuation now sits at £410 million.

8) Fortino Capital, a venture capital and growth equity firm based in Antwerp and Amsterdam, has announced a new VC fund, aiming to invest €80 million in tech startups from the Benelux region.

9) Gousto, a London-based meal-kit service, has closed £33 million ($41 million) in funding.

10) Choco, a Berlin-based food sustainability company, has raised $30.2 million in new funding led by Coatue Management. Previous investors joined the round as well, including Bessemer Venture Partners, Atlantic Labs, Target Global and Greyhound.

Podcast: Podcast #164: Should the governments bail out startups; how Tonic App deals with COVID-19; Startup Hansa wants to connect CEE startups

Bonus link: What are European governments (not) doing to help startups get through the COVID-19 crisis?

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