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This week, our research team tracked more than 40 tech funding deals worth more than €1.2 billion (thanks to Just Eat Takeaway.com), 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) Just Eat Takeaway.com, the company created by the merger of the Dutch food delivery behemoth Takeaway.com and the UK-born Just Eat, has picked up an extra €700 million through issuing new shares and convertible bonds. Also, following an investigation the UK’s Competition Market Authority announced that it’s finally cleared the £6.2 billion merger deal itself.
2) In a sign of the robotic process automation market’s continued strength in the face of an economic downturn, UK-based Blue Prism has announced that it has raised £100 million in equity financing at a valuation of around £1 billion.
3) The UK Government has announced a £1.25 billion package to support startups with the current Covid-19 pandemic. On Monday, the Chancellor unveiled the support packages which includes a £500 million investment fund for high-growth companies impacted by the crisis, made up of funding from government and the private sector.
4) Vestiaire Collective, the French creator of a global clothing resale platform, has secured €59 million in financing to pursue its mission of “keeping clothes out of landfill”. Investments came from existing shareholders and new ones, such as Korelya Capital, a Paris-based VC backed by Korean technology conglomerate Naver, Vaultier7, Cuir Invest, and funds managed by Fidelity International.
5) France asked Apple to remove a technical obstacle that it says is delaying a government contact-tracing application designed to contain the coronavirus spread.
6) And related to the above: Concerns are growing over the privacy implications of a major scheme to develop COVID-19 contact-tracing apps in Europe and beyond.
7) Alan, a Paris-based digital health insurance provider, has closed a €50 million Series C round led by Singapore’s Temasek, with support from other investors such as Index Ventures. The funding brings the company’s total amount raised to €125 million.
8) ForgeRock, a Norway-born digital identity company now headquartered in San Francisco, has raised $93.5 million in a Series E round led by Riverwood Capital. Existing investors such as Accel, Meritech Capital, Foundation Capital and KKR Growth also participated.
9) Israeli VC firm S Capital has closed a $ 120 million venture capital fund. The fund, headed by managing partners Aya Peterburg and Haim Sadger, will invest in innovative deep technology companies.
10) Adverity, a Vienna-based marketing analysis platform, has raised $30 million in a Series C round led by existing investor Sapphire Ventures, a Silicon Valley venture capital firm. Other existing investors participated, too: aws Gründerfonds, Felix Capital, SAP.iO and Mangrove Capital.
tech.eu Podcast #165: Hectic week for Amazon in Europe; PEPP-PT and contact-tracing apps; Exeger and future of self-charging gadgets
The PitchBook Q1 2020 European Venture Report is out: "Venture capital deal activity started the new decade admirably with the fourth-strongest quarter ever in terms of deal value". In addition to data on investment activity, the report includes analysis of fundraising, exits and healthcare deals.
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