Good afternoon Europe!
Now that summer is over and people have returned to their (home) offices in droves, we figured we might try out a new format to continue keeping you abreast of everything that is going on in European tech. We already have newsletters and weekly roundups and podcasts for that, but from now on we're also going to publish a nice little daily overview of all the deals and other interesting things we picked up during the day. Free of charge, of course, because we're nice like that.
Daily Deals
- After Adyen, the next big fintech thing out of Amsterdam? Mollie, a Dutch startup that offers a simple, API-based way to integrate payments into a site or an app, has raised €90 million in a round of funding led by TCV. The Series B brings the total raised by Mollie to €115 million and the startup’s valuation to $1 billion+, founder and CEO Adriaan Mol confirmed in an interview with TechCrunch.
- Speaking of fintech funding: Reuters reports that Swedish payments firm Klarna is in talks with investors for a new $500 million round of funding which would value it at more than $10 billion (decacorn material) as it attempts to expand its business in the United States.
- Munich moneymen: Holtzbrinck Ventures is reportedly raising a €500 million fund.
- 'Champion of the kerb': AppyWay, a London-based kerbside management and smart parking technology company, is raising £20 million in Series B funding.
- Votre attention SVP! Sarbacane, the French marketing tech company behind the Mailify SaaS-based email and text marketing platform, has raised $27 million to build more technology in areas like AI-based marketing automation, and to continue its international expansion.
- It's a match! Tinder co-founder Justin Mateen and Tencent co-founder Vic Lee have teamed up with other investors to put $3.3 million into Swiss smart health device startup Aeris Cleantec and its 'next generation of air purifiers'.
- Not finished yet: Finnish VC firm Superhero Capital has announced the first close of its second fund at €30 million. The fund, which remains open for new investors until the end of the year, will make seed investments in Finland and the Baltics and aims to invest in 25 startups over the next four years.
- Sumsub, a London-based identity verification platform provider that offers an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs, has secured $6 million in Series A funding.
- Ramping up to compete more effectively: Blockpit, an Austrian compliance expert and developer of software solutions for digital assets, has acquired its biggest competitor, the German startup CryptoTax. Both regtech companies provide tax software for cryptocurrencies.
- Paris-based SpaceFill has raised €7 million, of which €1 million was debt funding, from Idinvest, La Famiglia et La Financière Saint-James to essentially digitise warehousing in Europe.
- Expansion by means of acquisitions: Dutch fintech company Ohpen has acquired cross-border loan and mortgages SaaS provider Davinci; in Barcelona Wallbox acquired Electromaps to add public charging stations network to its portfolio, and PolyTech has acquired Munich-based fos4X, which providers fiber optic sensor technology and data analytics for the wind industry.
- MOAR FUNDING: Vect-Horus €6.7 million (France), Gameye $2.4 million (The Netherlands), Mercuryo.io €2.5 million (Estonia), MySkillCamp €2.5 million (Belgium), Bookingkit (Germany), Netcetera (Switzerland), etc. - BTW we list all the EU tech deals in our Friday newsletter.
Worth Knowing
- The UK's competition regulator has fined Amazon £55,000 pounds after the online tech giant delayed an investigation into its purchase of a 16% stake in Deliveroo by failing to provide documents on time. Surely, the company knows a thing or two about how to get stuff somewhere in a timely manner?
- HateHate? TikTok, the popular short video sharing app, has joined the European Union’s Code of Conduct against online hate speech. NoteNote: that code is not legally binding.
- Data dawai: Ride-hailing app Wheely has written to the UK’s Information Commissioner’s Office after claiming it is being pressured into potentially breaking European privacy law by handing over data on its journeys to the Moscow Department of Transportation.
- French Finance Minister Bruno Le Maire criticised the dominance of foreign firms in European marketplaces, directly referencing US tech giant Apple’s power in the digital arena and calling for the creation of more ‘European champions.’
- Down in docklands: Google has walked away from a plan to rent space in Dublin for as many 2,000 workers, shelving one of the city’s biggest real-estate deals in recent years.
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