This Week in European Tech: Nvidia buys Arm, Klarna raises $650 million, THG goes public with a bang and other big deals/stories

This Week in European Tech: Nvidia buys Arm, Klarna raises $650 million, THG goes public with a bang and other big deals/stories

Happy Friday!

This week, our research team tracked 79 tech funding deals worth over €1.4 billion, along with 13 M&A transactions across Europe, including Russia, Israel, and Turkey. As always, we are putting all of them together for you in a handy list sent in our Friday afternoon roundup newsletter (note: the full list is for paying customers only).

Last week, we also started publishing 'Today in European Tech', a daily roundup of deals and news stories that caught our attention. Keeping you updated on all things EU tech is our priority!

Today, instead of a daily roundup we give you an overview of the 10 biggest European tech news items for the past week (subscribe to our free newsletter to get this roundup in your inbox every Monday morning):


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


UK IPO GO: Manchester-based e-commerce giant The Hut Group has begun trading on the London Stock Exchange after the raised £1.88 billion in a successful flotation. The float was the largest by a UK tech company since 2015, and shares in The Hut Group jumped in value by a quarter at the start of trading, at one point giving it a near £6 billion valuation.


Klarna, the Swedish global payments and shopping service, has raised $650 million in an equity funding round at a post-money valuation of $10.65 billion, ranking it as the highest-valued private fintech company in Europe and now the 4th highest worldwide.


Delivery Hero has acquired fellow delivery service Glovo's Latin American operations for about $272 million.


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.


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.


Return to: Sennder, a digital freight forwarder, has acquired Uber’s European freight business in an all-stock transaction, thus making Uber a minority shareholder in the Berlin-based startup.


European healthtech startups have a new investor at play, Crista Galli Ventures, an evergreen fund founded by a former NHS doctor. Dr. Fiona Pathiraja, a consultant radiologist, will lead the fund as it invests $65 million in early-stage companies.


Re-Cycle: Only a few months after securing a €12.5 million funding round, Dutch e-bike company VanMoof has raised another $40 million in Series B funding to cope with growth.


EU telcos will have to stop the practice of "zero rating," where they bundle their Internet access with services whose use is exempted from customers' data caps—data-intensive content-streaming services such as Spotify and Netflix, as well as operators' own rivals to those services. The EU's highest court effectively forbade zero rating in a landmark ruling handed down earlier this week.

Podcast: Podcast #186: EQT buys Idealista, more money for Mollie and Klarna, and we talk to PJ Pärson of Northzone

Bonus link:

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.

Also see our guest post on the topic: 'The tech battle for Belarus (and the world)' by Belarussian entrepreneur and investor Tania Marinich.

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