Today in European Tech: Turkey fines social media companies, $7 million for cultured meat, new approach to gig economy, and more

Today in European Tech: Turkey fines social media companies, $7 million for cultured meat, new approach to gig economy, and more


Here is what happened today in European tech:


- Swedish e-commerce tools startup inRiver has raised $32 million to grow its US headquarters. Founded in 2007, the company has built a product information management system, or PIM, for e-commerce use.

- Intel has acquired Israel-based, an online platform where data scientists can build and run machine learning models. The parties did not disclose any details about the deal, except that “…Cnvrg will be an independent Intel company and will continue to serve its existing and future customers.”

- Swiss chemical R&D startup UniSieve has landed $4.6 million in VC funding and grant money. “UniSieve’s proprietary membrane solution promises to save up to 90% of the energy required to purify the world’s most frequent chemical feedstocks,” Startupticker explains.

- Talking Medicines, the Scottish startup behind a social intelligence platform for the pharmaceutical industry, has raised £1.1 million to scale the team and roll out a new AI-based platform for patient sentiment. The round was led by Tern, an investment firm focussed on IoT, and joined by The Scottish Investment Bank, Scottish Enterprise’s investment arm.

- Israeli 3D bioprinting startup Meat-Tech 3D has landed $7 million for its promise to offer real cultured meat developed from animal cells.

- 10D, an Israel-based venture capital firm from the investors of Waze and WalkMe, has come on the scene with a fund topping $110 million.

- We also tracked a large number of (other) 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). Also check out our European tech news section for ongoing coverage.

Worth Knowing

- After acquiring Uber's freight business in Europe, Sennder wants to command the European market. The company's CEO David Nothacker has recently shared his plans and vision in conversation with our reporter Jonathan Keane.

- Some time ago, German startup GetYourGuide was among several companies that accused Google of using its dominant position to screw smaller companies. Now GetYourGuide is being criticised for doing exactly the same — and has already promised to make amends.

- EIT InnoEnergy, a European hub for innovation and entrepreneurship in sustainable energy, is launching the European Green Hydrogen Acceleration Center (EGHAC), as part of an effort to develop an annual €100 billion green hydrogen economy by 2025.

- An opinion piece from Nicolas Colin on Sifted: “Time for a new social contract for the gig economy”.

- Job alert! The UK-based neobank Revolut is looking for a chief commercial officer to build and head a new division dedicated to selling the firm's “platform services” to large merchants at scale.

- Social media firms with more than 1 million daily users in Turkey had been due to notify the government that they would establish a representative in the country by Monday. Facebook, Instagram, Twitter, Periscope, YouTube and TikTok didn't — and apparently have been issued a $1.2 million fine each.

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