Today in European Tech: Nvidia inks $40B deal for Arm, Allegro files for a major IPO, and other deals and stories that caught our eyes

Today in European Tech: Nvidia inks $40B deal for Arm, Allegro files for a major IPO, and other deals and stories that caught our eyes

Hello! ere is what happened today in European tech:


- Still processing it: Nvidia will buy UK-based chip designer Arm from SoftBank for as much as $40 billion, the companies said this morning, in a deal set to reshape the global semiconductor landscape.

- Na Zdrowie! Polish e-commerce giant Allegro has filed for an IPO on the Warsaw Stock Exchange, and plans to raise 1 billion zlotys (€225 million). The FT reported that advisers are targeting a valuation of between €10 billion and €12 billion.

- After 20 years of bootstrapping: Danish data protection company Keepit has raised $30 million from growth investor One Peak to continue expanding across Europe and throughout the US. The round is the single largest SaaS investment in a bootstrapped company in the Nordics, according to Crunchbase.

- In other chip news: Chip, the British automatic saving app offering access to market-leading returns, raised a total of £10.7 million from the crowd and the government-backed Future Fund, as part of the company’s series A round.

- Providing virtual healthcare: Medefer, a UK healthcare startup that wants to improve (and quicken) outpatient care for the NHS, has raised £10 million led by Nickleby Capital.

- Intel Ignite, the tech corporation’s startup growth program that launched last year in Tel Aviv, will now expand to Europe with a program in Munich.

- MOAR FUNDING: KodyPay £1.8 million (UK), Circularise €1.5 million (Netherlands), Coinkeeper $1.7 million (Russia), inbestme €1 million (Spain), Cyscale €350,000 (Romania), $1 million (Israel) Wilo £250,000 (Scotland), etc.

- MOAR M&A: German fintech company paydirekt acquired giropay, Esri bought Stuttgart-based SURE developer nFrames, Ricoh bought DataVision (admittedly that was two weeks ago), etc.

Worth Knowing

- Delivery Hero is partnering with the United Nations World Food Programme to integrate its ShareTheMeal donation feature into the company’s delivery apps, to help feed hungry people.

- Testing 1, 2, 3: Several European countries have started testing a technology platform that will allow national coronavirus tracing apps to ‘talk’ to one another to better tackle the pandemic, the European Commission said earlier today.

- With regards to the Nvidia/Arm deal announced today: One of ARM’s co-founders has started a campaign to get the UK to interfere in the deal, or else call it off and opt for a public listing backed by the government.

- Paving the partnership way: Some of the UK's biggest banks have signed a government-backed pledge to improve collaboration with fintech firms.

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