Today in European Tech: Infarm raises $170M, Delivery Hero buys Glovo's Latin American ops, and other deals/stories that caught our eyes

Today in European Tech: Infarm raises $170M, Delivery Hero buys Glovo's Latin American ops, and other deals/stories that caught our eyes

Hello! Here is what happened today in European tech:


- Technically news from late yesterday, but Delivery Hero has acquired fellow delivery service Glovo's Latin American operations for about $272 million.

- Growing investor base: Berlin-based urban farming startup Infarm has raised $170 million from investors that it will plough into expanding its network under cultivation in Europe, North America and Asia by 10 times over the next five years.

- UK business bank Allica is embarking on a $100 million fundraising round with an eye to snapping up distressed non-bank lenders impacted by the Coronavirus pandemic.

- SO META: Finnish game studio Metacore, known as Everywear Games up until today, has announced a couple more things in addition to its rebranding: €25 million in financing and the launch of discovery puzzle game Merge Mansion. The financing consists of a €15 million equity investment and a €10 million credit line from Supercell to fuel the game’s global release.

- Swedish Joint Academy, a clinical evidence-based digital treatment for chronic joint pain, which connects patients with licensed physical therapists, has raised a $23 million Series B funding round led by Kinnevik.

- UK-based Kbox Global has raised £12 million led by Balderton to continue its mission to "revolutionise the food delivery market" through its host kitchen technology.

- A brand new seed fund: Fort Ross Ventures aims to invest $100 million across Eastern Europe with support from Sberbank.

Bayes, a Berlin-based esports startup formerly known as DOJO Madness that uses big data to build tools and services, has raised $6 million to continue expanding its platform.

- We also tracked a large number of European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only).

Worth Knowing

- From the WSJ: In recent years, cheap labor and political stability had made Belarus an unlikely magnet for startups from Silicon Valley and Europe, providing a rare bright spot in an economy still dominated by Soviet-era heavy industry and collective farms. But a violent crackdown on protesters demanding an end to President Alexander Lukashenko’s 26 years in power is now threatening the future of Minsk’s vibrant tech sector.

- Finance opening: The European Commission wants financial firms and other companies to share more customer data to create a “broader open finance space” with new services for citizens, according to a draft of the Digital Finance Strategy seen by EURACTIV.

- Business banking provider Pleo has integrated Apple Pay into its offering for its UK and European customers.

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